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2. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   Any deduction not found in section 67(b) is a miscellaneous itemized deduction. [7] Examples include: Job-related clothing or equipment, such as steel-toed boots, hardhats, uniforms (if they are not suited for social wear: suits and tuxedoes are not deductible, even if the taxpayer does not like to wear them, but nurses' and police uniforms are ...

3. What Is the Standard Deduction Amount for 2022-2023 and When ...

   www.aol.com/finance/difference-between-standard...

   You can itemize deductions by filing Schedule A, Form 1040, Itemized Deductions. Itemized deductions that may be claimed include: State and local income or sales taxes.

4. Tax Credits or Tax Deductions: Which Will Save You More? - AOL

   www.aol.com/tax-credits-tax-deductions-save...

   Deductions the IRS allows include adjustments to income and a choice between the standard deduction and itemized deductions. ... Itemized deductions are individual expenses the IRS lets you deduct ...

5. What Is a Tax Deduction and How Do Tax Deductions Work? - AOL

   www.aol.com/tax-deduction-tax-deductions...

   Common itemized deductions include state and local income taxes, charitable contributions, mortgage interest and medical expenses in excess of 10% of your adjusted gross income. Individually ...

6. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   Other adjustments in computing AMT include: [17] Miscellaneous itemized deductions are not allowed. These include all items subject to the 2% "floor", such as employee business expenses, tax preparation fees, etc. The home mortgage interest deduction is limited to interest on purchase money mortgages for a first and second residence.

7. How To Itemize Deductions Like a Tax Pro - AOL

   www.aol.com/itemize-deductions-tax-pro-000000348...

   One spouse cannot claim the standard deduction if the other itemizes. Related: 9 Tax Tips Every Married Couple Must Know. 2. Worst: Some Itemized Deductions Are Disallowed With Alternative Minimum Tax