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.
Deductions are subtractions from a taxpayerâs adjusted gross income (AGI) . They reduce the amount of. income that is taxed . Most taxpayers have a choice of taking a standard deduction or itemizing their deduc-. tions . When taxpayers have a choice, they should use the type of deduction that results in the lower tax .