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Itemize |
Also found in: Dictionary/thesaurus | 0.03 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. |
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He also said the calculators assume a homeowner is itemizing his taxes to write off the mortgage interest and property taxes, when in reality only half of taxpayers actually do itemize. Do some itemizing of your own at the nearest mall or streetside accessory vendor and treat yourself to one last boardwalk blowout with any leftover fashion funds. If Tom and Teresa were to use a standard deduction instead of itemizing, they would be subject to AMT because the deduction would exceed the remaining adjustments and preferences. |
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