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 Form it 223 Innovation Hot Spot Deduction Tax Year 2024-2025

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welcome to another .taxfriendonline.com tutorial today we're going to go over the schedule a now the schedule a deals with itemized deductions now this is the schedule a form which lists all the itemized deductions you can take remember there are two types of deductions there's the standard deduction and the itemized deduction the schedule a here is to report your itemized deduction now which one do you go with the standard deduction or the itemized deduction and the answer is you want to go with the deduction that gives you the larger dollar amount now as you'll notice the schedule a is divided into different sections here each section has a category of things you can itemize we'll take a closer look at these right now so the first section is medical and dental expenses you can itemize all your medical and all your dental expenses now there are certain limits to what you can itemize which we'll go over later second section is taxes you pay for e

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