When Filing Their Federal Income Tax Returns,the Youngs Always Claimed

question 79

Essay

When filing their Federal income tax returns,the Youngs always claimed the standard deduction.After they purchased a home,however,they started to itemize their deductions from AGI.
a.Explain the reason for the change.
b.​
Suppose they purchased the home in November 2014,but did not start itemizing until tax year 2015.Why the delay as to itemizing?

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A comprehensive plan outlining how an organization will achieve its goals and fulfill its mission over a period of time.

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Groups of individuals at the highest level of organizational leadership who are responsible for the strategic directions and decisions.

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