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-.
When preparing federal income tax returns, a taxpayer may choose to itemize deductions or take his or her standard deduction, which in 2010 was $5,700 for single or married-filing-single filers, $11,400 for those married and filing jointly or with a qualifying widow(er), and $8,500 for those filing head of household.nly those expenses, which exceed 7.5% of your gross adjusted income, may be itemized. To calculate the amount you may itemize: 1  Take your adjusted gross income, as reported on line 38 of IRS form 1040, and multiply it by .075. 2  Subtract that number from your total qualified medical and dental expenses.