Schedule A

Definition

An income tax form used to report itemized deductions to the IRS. The use of this form to itemize deductions may help an individual tax-filer to save money by reducing their overall tax liability. Some filers may receive more that the standard deduction by claiming qualified expenses such as medical and dental bills, money paid for certain tax and interest expenses on a home, or some business expenses if allowed. Since the IRS tax code changes frequently, an individual should check the current standard income tax deduction amount to determine if itemizing is in their financial interest.

单词	Schedule A
释义	Schedule A Definition An income tax form used to report itemized deductions to the IRS. The use of this form to itemize deductions may help an individual tax-filer to save money by reducing their overall tax liability. Some filers may receive more that the standard deduction by claiming qualified expenses such as medical and dental bills, money paid for certain tax and interest expenses on a home, or some business expenses if allowed. Since the IRS tax code changes frequently, an individual should check the current standard income tax deduction amount to determine if itemizing is in their financial interest.
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