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.
For more details on itemized deductions, see the instructions for Schedule A, Itemized Deductions. Standard deductions are discussed in IRS Publication 501, Exemptions, Standard Deduction, and Filing Information. 1  Share this story. 2  LinkedIn. 3  Delicious.