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Itemise Meaning in Urdu
Itemise
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Itemise Meaning In Urdu with Detail
Under United States tax law, itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax returns and which decrease their taxable income, and is claimable in place of a standard deduction, if available. The choice between the standard deduction and itemizing involves a number of considerations: Deductions are reported in the tax year in which the eligible expenses were paid. For example, an annual membership fee for a professional association paid in December 2009 for year 2010 is deductible in year 2009.