Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
itemized deduction
An expense (such as a medical expense, home-mortgage interest, or a charitable contribution) that can be subtracted from adjusted gross income to determine taxable income.
miscellaneous itemized deduction
Generally, an itemized deduction of job or investment expenses; a deduction other than those allowable in computing adjusted gross income. those enumerated in 1RC; (2R USC,A) ยง 67(b), and personal exemptions. a This type of deduction is allowed only to an itemizing taxpayer whose total miscellaneous itemized deductions exceed a statutory percentage of adjusted gross income.