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Categories: General Tax Terms

Schedule A refers to a form used by taxpayers in the United States to itemize their deductions on their federal income tax return. It is part of Form 1040 and allows taxpayers to report various deductible expenses such as medical expenses, state and local taxes, mortgage interest, and charitable contributions.

By choosing to use Schedule A, taxpayers can potentially reduce their taxable income more than if they took the standard deduction, depending on their individual financial situation. This form requires detailed documentation and records of eligible expenses to ensure compliance with IRS regulations.

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