The net result of Teton County School District No.1 Employee Compensation Package for fiscal year 2015-2016 is a model based salary schedule with a top ranking in the state.
Itemized Deductions are reported on Schedule A [Itemized Deductions]. Just like the standard deduction, itemized deductions are subtracted from your adjusted gross income. The difference is that itemized deductions are a tally of actual expenses you incurred that the IRS has determined you can take a deduction for.
Updated for Tax Year 2012. OVERVIEW. Taxpayers are allowed by the IRS to either itemize deductions or take the standard deduction. Itemization takes place on Schedule A. Watch this video to find out more about itemizing deductions. Hello, I'm Jill from TurboTax with important information about using the Schedule A form to itemize your tax deductions.