Project Chartering Lift off planning This documentâs value is in the lift off session [5] where stakeholders, team members, product owners, scrum masters and project managers will create or consolidate the project chartering: purpose of the project, alignment of the team around the project and context of the project.
DEFINITION of 'Itemized Deduction'. A deduction from a taxpayer's taxable adjusted gross income that is made up of deductions for money spent on certain goods and services throughout the year.
Itemized deductions are expenses allowed by the Internal Revenue Service (IRS) to decrease a taxpayerâs taxable income. Itemized deductions allow taxpayers to list out qualified expenses on their tax return, the sum of which (based on their tax bracket) is used to lower their adjusted gross income (AGI).