Water and natural gas utilities use CCF to measure usage... CCF stands for âcentum cubic feet,â which means 100 cubic feet or 748 gallons of water, according to the U.S. Environmental Protection Agency. Water and natural gas utilities use CCF to measure usage...
Itemizing requirements. In order to claim itemized deductions, you must file your income taxes using Form 1040 and list your itemized deductions on Schedule A. You cannot file your taxes using Forms 1040A or 1040EZ if you want to itemize your deductions; only the standard deduction can be taken on these shorter forms.
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). Itemizing can result in a larger reduction of taxable income if a taxpayer's final itemized deductions, based on their tax bracket, exceed the amount of the standard deduction. Not all filers have the option to choose whether to itemize their deductions or claim the standard deduction.