miscellaneous itemized deduction

Generally, an itemized deduction of job or investment expenses; a deduction other than those allowable in computing adjusted gross income, those enumerated in IRC (26 USCA) § 67(b), and personal exemptions.

• This type of deduction is allowed only to an itemizing taxpayer whose total miscellaneous itemized deductions exceed a statutory percentage of adjusted gross income.

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词条贡献者

法律翻译Gwen，毕业于新加坡知名法学院，专注翻译各类与劳工、雇佣及移民有关的法律文件。