☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Itemized Deductions

Specific expenses that taxpayers may deduct from AGI instead of the standard deduction — mortgage interest, state and local taxes (capped at $10,000), charitable contributions, and medical expenses exceeding 7.5% of AGI.

Category: Tax Law · Source: IRC §§161-199A
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