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.
As a general rule, take whichever amount is greater, the standard deduction or the total of your itemized deductions. Some common itemized deductions are charitable contributions, mortgage interest, property taxes, employee business expenses, and medical expenses.he IRS allows you to reduce your taxable income in one of two ways. The first way is by using a predetermined amount-the standard deduction. The second option is by claiming certain actual expenses, known as itemized deductions.