Medical and dental expense greater than 7.5% of your adjusted gross income; Interest payments on your Home mortgage; property taxes for your home and car; charitiable giving; and certain unreimbursed business expenses. Generally if you do not have very large medical bills or own a home, then you probably are better off taking the standard deduction.
Apparently not. We just got our taxes done and they said we had to itemize. GRRR... Hope that helps.
Sure. If you itemize you can claim your full property taxes. And this is new for 2008: If you don't itemize, you can claim $500 of property taxes ($1000 if married filing jointly). See the instructions for line 40 of 2008 Form 1040.
If you itemize, you can deduct mortgage interest and investment interest.
Hr online is a site where you can file your taxes online, you can trust that your personal information will be safe, and you can learn how to itemize your deductions, without having complications from the IRS.
You should only itemize if you have some deductions you can claim-are a homeowner for example.
If you itemize deductions on your federal income tax return, you have the choice of claiming a deduction either for state income taxes or state sales taxes (but not both). Sales taxes would include those for groceries. Note that this is a deduction, not a refund or credit.
You can use a 1040 form if you itemize deducations. If you don't itemize you'll use the 1040EZ form.
The teacher keeps an itemize of our test scores.
The principal of LSU itemize the records of all the students.
If you itemize on your federal income tax return, City and State income taxes paid are deductible on your return.
If you would like to write off charity donations on your taxes be sure you have all receipts and a flawless record of your donations. When you file your taxes itemize the deductions on the appropriate page. If you are unsure how to fill out a tax form get help from a tax professional.