Itemize Line License For Free

To itemize an expense, select the expense line in the expense report, and in the Expense details pane, select Actions > Itemize. The Itemization slider reveals a grid with fields.

To itemize is to make a list. If you work at a store that sells pet fish, you might need to itemize your stock of fish ? separately listing the number of goldfish, cuttlefish, and jellyfish. When you place items, or individual things, on a list, you itemize them.

Itemizing requirements Enter your expenses on the appropriate lines of Schedule A. Add them up. Copy the total amount to the second page of your Form 1040. This amount is then subtracted from your income to arrive at the final taxable income number.

Itemized deductions allow individuals to subtract designated expenses from their taxable income and can be claimed in lieu of the standard deduction. Itemized deductions include those for state and local taxes, charitable contributions, and mortgage interest.

To list things separately, often including details about each thing: We asked for an itemized bill, listing all our phone calls and how long they were.

Here's what it boils down to: If your standard deduction is less than your itemized deductions, you probably should itemize. If your standard deduction is more than your itemized deductions, it might be worth it to take the standard deduction and save some time.

To state by items; give the particulars of; list the individual units or parts of: to itemize an account. to list as an item or separate part: to itemize deductions on an income-tax return.

On this page you'll find 46 synonyms, antonyms, and words related to itemize, such as: enumerate, catalog, circumstantiate, cite, count, and detail.