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-.
Based on the latest IRS statistics (for tax year 2007), itemized deductions were claimed on 34.9 percent of all tax returns filed and represented 65.4 percent of the total deductions amount. The average for total itemized deductions (after limitation) was $25,136, up 4.2 percent from the average of $24,122 for 2006.The following are preliminary figures released by the IRS (their reports lag behind the current tax year because of the time needed to compile figures).These are averages only.he average for total itemized deductions (after limitation) was $25,136, up 4.2 percent from the average of $24,122 for 2006. The following are preliminary figures released by the IRS (their reports lag behind the current tax year because of the time needed to compile figures). These are averages only.