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

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

   Those deductions either are standard deductions — a flat rate — or itemized. ... For example; If you have a 30-year mortgage and pay $3,000 in points, you can deduct $100 per year over 30 years.

3. 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 ...

4. Before You File Your Taxes, Here Are 21 Tax Terms You ... - AOL

   www.aol.com/file-taxes-21-tax-terms-120049162.html

   Itemized Deduction. Itemized deductions enable you to reduce your taxable income on your tax return. Itemized deductions include medical expenses, real estate taxes, state income taxes and ...

5. 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. ... Take a look at one example. Say you paid $10,000 in interest on a mortgage loan in 2022, and ...

6. 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 ...

7. What are standard and itemized tax deductions? - AOL

   www.aol.com/finance/standard-itemized-tax...

   Because of itemized deduction caps and the standard deduction increase, the standard deduction gives almost 90% of tax filers the biggest tax break. TurboTax makes deciding easy.

8. The Pros and Cons of Standard vs. Itemized Tax Deductions - AOL

   www.aol.com/news/pros-cons-standard-vs-itemized...

   It shields a portion of your earnings from income tax. While the standard deduction is the government's built-in subtraction that you can take while preparing your taxes, itemizing is composed of ...

9. Standard Deduction vs. Itemized Deductions: Which Is Better?

   www.aol.com/standard-deduction-vs-itemized...

   The federal tax filing deadline for individuals has been extended to May 17, 2021. Quarterly estimated tax payments are still due on April 15, 2021. For additional questions and the latest ...