Obsessive-compulsive disorder is an anxiety disorder characterized by unwanted thoughts and repetitive, ritualized behaviors you feel compelled to perform. If you have OCD, you probably recognize that your obsessions and compulsions are irrationalâbut even so, you feel unable to resist them and break free.
Itemized deductions allow taxpayers to reduce their taxable income based on specific personal expenses. If the total itemized deductions are greater than the standard deduction, it will result in a lower taxable. income and lower tax. In general, taxpayers benefit from itemizing deductions if they have mortgage inter-.
Employees must, however, deduct legal expenses as miscellaneous itemized deductions, which limits deducting only the amount over 2% of their adjusted gross income (AGI). Taxpayers subject to the alternative minimum tax (AMT) are not permitted to claim miscellaneous itemized deductions, including legal fees.