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2. What Are Itemized Deductions and How Do They Work? - AOL

   www.aol.com/itemized-deductions-010031837.html

   The 2017 Tax Cuts and Jobs Act changed the rules when it comes to standard vs. itemized deductions by nearly doubling the standard deduction and eliminating or cutting back many itemized ...

3. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   The standard deduction is not allowed for calculating the alternative minimum tax (AMT). If the taxpayer claims the standard deduction for regular income tax, he or she cannot itemize deductions for the AMT. Thus, for a taxpayer who pays the AMT (i.e., their AMT is higher than regular tax), it may be better to itemize deductions, even if it ...

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

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

   Some examples of itemized deductions are home mortgage interest, state and local income taxes or sales taxes, real estate and property taxes, gifts to charities, casualty and theft losses due to a ...

5. What Are Itemized Deductions and How Do They Work? - AOL

   www.aol.com/finance/itemized-deductions...

   How much tax you owe depends on your income, but the federal government, through the Internal Revenue Service, allows you to claim deductions that reduce your taxable income and the amount of tax ...

6. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   No deduction is allowed for personal exemptions or for the standard deduction. The phase-out of itemized deductions does not apply. No deduction is allowed for state, local, or foreign income or property taxes. A recovery of such taxes is excluded from AMTI. No deduction is allowed for most miscellaneous itemized deductions.

7. Taxes 2023: Here's how to know if you should itemize - AOL

   www.aol.com/finance/taxes-2023-heres-know...

   You’ll report the expenses on Schedule A, Itemized Deductions when filing your income tax return. Doing the math The Internal Revenue Service encourages taxpayers to file their returns online to ...