Printer Friendly
The Free Dictionary
989,761,970 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Itemize

   Also found in: Dictionary/thesaurus, Encyclopedia 0.02 sec.

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.


?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? References in periodicals archive
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.
 
Legal browser? ? Full browser
 
 
Legal Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.