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CITY OF HYATTSVILLE, MARYLAND 2019 CANDIDATE CAMPAIGN FINANCE REPORTITEMIZED MONETARY CONTRIBUTIONS CANDIDATE NAME: TREASURER NAME:Robert S. Crossing Elizabeth Overreport PERIOD:Initial Reportorial
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Schedule A (Form 1040) is used by taxpayers to report their itemized deductions, such as mortgage interest, property taxes, and charitable contributions, to determine their taxable income.
Taxpayers who choose to itemize their deductions and whose total itemized deductions exceed the standard deduction amount for their filing status are required to file Schedule A.
To fill out Schedule A, gather all relevant financial documents related to deductions, complete the sections for different types of deductions, and ensure to total each category before transferring the sum to your Form 1040.
The purpose of Schedule A is to allow taxpayers to detail their eligible expenses to potentially lower their tax liability compared to claiming the standard deduction.
Information that must be reported includes medical expenses, state and local taxes, mortgage interest, charitable contributions, and other deductions that are allowable under tax law.
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