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itemize |
Also found in: Dictionary/thesaurus, Encyclopedia | 0.06 sec. |
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To individually state each item or article. Frequently used in tax accounting, an itemized account or claim separately lists amounts that add up to the final sum of the total account on claim. itemize verb be specific, catalog, circumstantiate, count, designate, detail, document, enter into detail, enumerate, index, inventory, list, mention, mention in detail, note, number, particularize, point out, post, recount, register, set down, specify, state by items, tabulate Associated concepts: itemize an account, itemize damages, itemize expenses See also: delineate, describe, designate, detail, enumerate, impanel, index, relate, specify, tabulate How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| If they are greater than the standard deduction ($7,550 for heads of household for 2006 tax returns, $5,150 for single fliers), you should itemize. The direct rollover may not be particularly effective as a short-term strategy for those who itemize their deductions, since the value of their deductions is already taken into account when they file their taxes. The panel's rationale for proposing to cap the home mortgage interest deduction--which costs $69 billion a year--is, in part, because only 35% of taxpayers itemize their returns and 70% of tax filers get no benefit at all from it. |
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