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.
The IRS lets you take either the standard deduction or the itemized deduction. If you itemize (about 1/3 of all taxpayer do), we'll automatically fill out Schedule A, Itemized Deductions and switch you over to the 1040 long form. Schedule A lets you report certain deductible expenses like: 1  Medical and dental costs above and beyond 10% of your AGI (or 7.5% if you or your jointly-filing spouse are 65 or older) 2  State, local, real estate, and personal property taxes. 3  Home mortgage interest and PMI. 4  Charitable donations and gifts. 5  Casualty or theft losses.