Itemized deduction


A legal deduction from one’s personal taxable income for money spent on specific goods and services, such as property taxes and charitable contributions. These deductions must be itemized — that is, individually listed and documented — on one’s tax return.

Read Also:

  • Itemize

    [ahy-tuh-mahyz] /ˈaɪ təˌmaɪz/ verb (used with object), itemized, itemizing. 1. to state by ; give the particulars of; list the individual units or parts of: to itemize an account. 2. to list as an or separate part: to itemize deductions on an income-tax return. verb (used without object), itemized, itemizing. 3. to compute an income-tax […]

  • I.v.

    1. increased value. 2. initial velocity. 3. invoice value. 1. initial velocity. abbreviation 1. intravenous(ly)

  • Iva

    [ahy-vuh, ee-vuh] /ˈaɪ və, ˈi və/ noun 1. any composite plant of the genus Iva, characterized by usually opposite leaves and inconspicuous greenish-yellow flowers.

  • Ivah

    overturning, a city of the Assyrians, whence colonists were brought to Samaria (2 Kings 18:34; 19:13). It lay on the Euphrates, between Sepharvaim and Henah, and is supposed by some to have been the Ahava of Ezra (8:15).

  • Ivan

    [ee-vahn] /ˈi vɑn/ noun 1. . [ahy-vuh n; Russian ee-vahn] /ˈaɪ vən; Russian iˈvɑn/ noun 1. a male given name, Russian form of . noun 1. (“Ivan the Great”) 1440–1505, grand duke of Muscovy 1462–1505. noun 1. (“Ivan the Terrible”) 1530–84, first czar of Russia 1547–84. /ˈaɪvən/ noun 1. known as Ivan the Great. 1440–1505, […]


Disclaimer: Itemized deduction definition / meaning 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. All content on this website is for informational purposes only.