The Wyoming Legislature will begin the recalibration of K-12 funding as required every five years.The net result of Teton County School District No.1 Employee Compensation Package for fiscal year 2015-2016 is a model based salary schedule with a top ranking in the state.
Itemized deductions are listed on Schedule A of Form 1040. Needless to say, this takes longer time to do than simply taking the standard deduction since taxpayers will have to input each expense item on the form.
This reduces the amount of itemized deductions claimed on Schedule A by three percent of the AGI above $300,000 for couples, and over $250,000 for single filers. The maximum reduction of itemized deductions is set at 80 percent.