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.
Choose one or the other: Itemized deductions or the standard deduction. If your itemized deductions are greater than $6,200 for 2014, you should itemize ($6,300 for 2015) If your itemized deductions are less than $6,200 for 2014, you should take the standard deduction.