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.

QUIZZES

CHALLENGE YOURSELF WITH THESE WORDS FROM "LITTLE WOMEN"

"Little Women" may be a classic, but that doesn't mean we all know the meanings of the vocab words from the book. Can you define these words correctly and make Jo proud?
Question 1 of 10
earnest

Words nearby itemized deduction

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.