title = "Schedule A Itemized Deductions"

content = """
Schedule A (Form 1040) reports itemized deductions when they exceed the standard
deduction. Each category has specific rules and limitations. Marble Column CPA
applies current law and maintains supporting documentation in client files.

**Medical Expenses:** Deductible to the extent they exceed 7.5% of AGI. Include
insurance premiums, out-of-pocket costs, and capital improvements for medical
care (e.g., wheelchair ramp). Exclude amounts reimbursed by insurance or FSA.

**Taxes (SALT):** State and local income or sales tax, and real property tax, are
deductible up to $10,000 ($5,000 if married filing separately). The TCJA cap
applies through 2025 unless extended.

**Interest:** Mortgage interest on acquisition debt (up to $750,000 for debt
incurred after 2017) and home equity debt used to buy, build, or substantially
improve the home. Investment interest is separately limited.

**Charitable Contributions:** Cash up to 100% of AGI (60% in some years); property
at FMV with additional rules for appreciated assets. Non-itemizers have a limited
above-the-line deduction in certain years; verify current law.
"""  # noqa: E501

version = "0.0.1"
