Obsessive-compulsive disorder is an anxiety disorder characterized by unwanted thoughts and repetitive, ritualized behaviors you feel compelled to perform. If you have OCD, you probably recognize that your obsessions and compulsions are irrationalâbut even so, you feel unable to resist them and break free.
Itemized deductions allow taxpayers to reduce their taxable income based on specific personal expenses. If the total itemized deductions are greater than the standard deduction, it will result in a lower taxable. income and lower tax. In general, taxpayers benefit from itemizing deductions if they have mortgage inter-.
Second, among taxpayers who itemize, charitable deductions vary widely based on income. For example, the average itemizing taxpayer with adjusted gross income (AGI) of $80,000 claims a charitable deduction of $3,040, while someone with an AGI of $800,000 could be expected to claim $22,400 of contributions.