 Income tax 2023-2024, itemized deductions, property taxes, and other taxes. Get ready and some coffee so we can recognize the quacks when doing income tax 2023-2024. Most of this information can be found in the instructions for Schedule A Taxure 2023, which you can find on the IRS website at irs.gov, irs.gov. Looking at the income tax formula, we're focused on what I would call the below the line deductions. More specifically, the itemized deductions. Remember in the first half of the income tax formula is basically a funny income statement. Most income statements having income minus expenses resulting in net income. Here having income minus various deductions resulting in taxable income. Noting for taxes deductions are good. Therefore, we're typically looking to have more of them. The difference between the above the line or adjustments to income and the below the line deductions. In part being the above the line deductions do not have to be clearing a hurdle such as the standard deduction before they start to benefit us. However, when looking at the itemized deductions, they typically do need to accumulate higher than the standard deduction before they become a benefit to the taxpayer.