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Financial Terms & Definitions
If talking about finances feels like trying to learn a foreign language, we're here to help. As your trusted financial planners and investment managers, we want you to understand the terms, acronyms, and jargon that may arise during your financial journey.
From Amortization to Zero-Coupon, we've got you covered.
Here's our glossary of financial terms in alphabetical order to get you started.

What does Itemized deductions mean?

Utilized to lower a taxpayer's income that will be subject to tax, if the sum of itemized deductions surpasses the minimum threshold as established by the standard deduction. Categories of deductions include medical expenses, charitable contributions, taxes paid (state and local income taxes, real estate, property), and mortgage interest. The sum of these expenses in one tax year must be higher than the taxpayer's available standard deduction to provide a tax benefit. (see standard deduction)

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