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-.
If the taxpayer's adjusted gross income is above a threshold (or applicable amount), then the total allowable itemized deductions is reduced by the lesser of. 1  3% of the excess of adjusted gross income over the applicable amount (see below); or. 2  80% of the total itemized deductions otherwise allowable.