Sentence examples for be able to itemize from inspiring English sources

Many of us don't have enough deductions from year to year to take advantage of itemized deductions, however, if you prepay some of your expenses before the end of the year and purchase extra necessary items now, you may be able to itemize deductions this year.

He suggests expanding the deduction by making it available to those who don't have enough deductions to be able to itemize.

This means fewer Americans will be able to itemize.

With those increases, far fewer people will be able to itemize their deductions.

So consider bunching donations delaying giving until 2010 or accelerating planned 2010 giving into 2009–so that you'll be able to itemize in one of the two years.

By raising the standard deduction, millions of married couples will no longer be able to itemize on their Schedule A forms, effectively erasing any tax benefit for owning a home.

With the direct distribution exclusion, income is excluded even if taxpayer wouldn't have been able to itemize (net result is no tax consequence).

People who are able to itemize will have a lower tax liability, as will those who max-out their retirement plan contributions.

Greene-Lewis says homeowners who previously may have been able to itemize certain deductions may now benefit more from taking the standard deduction if it's more than their itemized deductions.

Under the new policy, you will still be able to see itemized donations in Schedule B, according to a Treasury official.

In particular, taxpayers would only be able to take itemized deductions against a 28% tax rate, instead of the actual rate they paid, which in 2011 could be as high as 39.6%.