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-.
Below the Line. Below-the-line deductions are itemized deductions you can claim after you've calculated your adjusted gross income. You claim these deductions on Schedule A, form 1040, and report them on page 2 of your 1040 to reduce your adjusted gross income down to your taxable income.