MLchartDataset catalogue

Itemized deductions

Term · Law · MLC-T-LAW-002796

Specific expenses that taxpayers can subtract from their adjusted gross income to reduce their taxable income, rather than taking the standard deduction. These deductions include medical expenses, state and local taxes, and home mortgage interest. Taxpayers choose to itemize if their total itemized deductions exceed the standard deduction amount.

Table 1. Record
IdentifierMLC-T-LAW-002796
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002796",
  "term": "Itemized deductions",
  "field": "Law",
  "definition": "Specific expenses that taxpayers can subtract from their adjusted gross income to reduce their taxable income, rather than taking the standard deduction. These deductions include medical expenses, state and local taxes, and home mortgage interest. Taxpayers choose to itemize if their total itemized deductions exceed the standard deduction amount.",
  "url": "https://mlchart.com/terminology/law/itemized-deductions/"
}

Record 2,729 of 5,445 in Law terminology (MLC-0107). Request the full dataset.