What can i itemize on my tax returns?

Answer Before you can decide what to itemize, it is important to determine if you can itemize. The rule of thumb here is to see if your standard deduction is less than the total of the items that can be d... Read More »

Top Q&A For: What can i itemize on my tax returns

Should i itemize taxes&itemize income tax deductions?

On One Hand: Itemizing Allows More DeductionsTaxpayers who itemize income tax deductions are allowed to use every relevant legal deduction. Specifically, payments for mortgage interest, unreimburse... Read More »

What can you itemize for deductions?

The Internal Revenue Service divides tax deductions into two categories: adjustments to income and itemized deductions. To claim itemized deductions, you must file schedule A.Interest ExpensesIf yo... Read More »

What does it mean to itemize deductions?

Itemizing your deductions means that you are forgoing the standard deduction so that you can claim itemized deductions, such as the mortgage interest deduction, medical expenses deduction, state an... Read More »

What do you need to do to itemize on your taxes?

The Internal Revenue Service classifies a variety of tax-deductible expenses as itemized deductions. If you file a separate return from your spouse, both must itemize or neither can itemize.FormsIn... Read More »