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-.
In other words, the taxpayer may generally deduct the total itemized deduction amount, or the standard deduction amount, whichever is greater. The choice between the standard deduction and itemizing involves a number of factors: 1  Only a taxpayer eligible for standard deduction can choose it.