Itemize

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Itemize

To list a specific expense the taxpayer has had over the course of the tax year in order to reduce one's taxable income. One may itemize most medical expenses, for example, and deduct them from one's taxable income. The same is the case for interest on mortgages and business expenses. The IRS allows itemized deductions as an alternative to the standard deduction, which takes a flat amount out of one's taxable income. Itemized deductions are subject to certain restrictions; for example, some expenses must exceed a certain percentage of the adjusted gross income to be deductible.
References in periodicals archive ?
Initially certified by UK DfT for passenger airport checkpoints and checked baggage screening in 2010, Morpho Detection's Itemiser DX claims to delivers fast, accurate detection of explosives in a desktop package that is reliable, cost effective and portable.
The US Transportation Security Administration (TSA) has purchased more than 2,800 Itemiser DX systems for use at US airports.
Now, the Itemiser DX is approved for use by Israeli government agencies at border crossings, transportation facilities and civilian facilities and institutions.
Swabs were taken from the hands of customers, which were then fed into the Itemiser for analysis, with results produced in seconds.
But Chief Inspector Innes Walker said the Itemiser would be a valuable tool in driving drug dealers out of the city centre.
By year end, the company expects the ITEMISER to be installed in almost 100 airports.
The device - known as the Itemiser Contraband Detector or ICD - can detect up to 40 drugs by simply being wiped across a person's skin or clothing.
The ITEMISER Contraband Detector detects trace particles and vapors from all narcotics and explosives.
Now available worldwide, Remote Connect software reliably networks Morpho Detection's Itemiser 4DX ETD throughout an entire airport.
Morpho (Safran),through its Morpho Detection subsidiary, has announced a contract with the German Federal Police for 160 Itemiser 4DX explosives trace detectors (ETDs).
Morpho's Itemiser DX Trace Detector Selected by United Airlines for Air Cargo Screening Morpho (Safran), through its subsidiary Morpho Detection, today announced that United Airlines has ordered a total of 54 Itemiser[umlaut] DX desktop explosives trace detectors (ETD) to screen air cargo for explosives.
A drugs itemiser was utilised during the operation which required anyone entering some pubs and clubs to provide a hand swab for analysis.