Schedule is used for itemized deductions

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Schedule A is used for Itemized Deductions. Provide a short summary of the rules for each of the categories of itemized deductions. Be sure to provide the rules for thresholds, if needed; and provide specific examples of allowable deductions for each. Finally, identify two specific things that taxpayers could do to plan or manage their itemized deductions in order to reduce their tax liabilities.

Reference no: EM131744176

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