When Filing Their Federal Income Tax Returns, the Youngs Always

question 32

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 2016, but did not start itemizing until tax year 2017. Why the delay as to itemizing?

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Definitions:

Achievement Behaviors

Actions taken by individuals aimed at accomplishing specific goals, reflecting a person's desire to achieve success and demonstrate competence.

New Project

The initiation and planning of a novel task or endeavor, often requiring organized effort and resources.

Supportive Behaviors

Actions aimed at showing care and consideration towards others, especially in a work or team environment.

Supervisor

An individual in a position of overseeing and managing the work of others, usually with direct authority over their activities.