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

question 49

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 2015,but did not start itemizing until tax year 2016.Why the delay as to itemizing?

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Definitions:

Direct Sourcing

The practice of an organization's internal recruitment efforts directly contacting potential candidates for employment, avoiding intermediaries.

Walk-Ins

Customers or clients who arrive without an appointment or booking, typically in the context of retail, healthcare, or hospitality.

Company Web Site

A digital platform maintained by an organization to showcase its products, services, culture, and contact information.

Recruiter Behavior

The actions and strategies employed by individuals or entities in attracting and hiring talent for an organization.