The election to itemize is appropriate when the taxpayer's allowable itemized deductions exceed the allowable standard deduction.

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Quizplus · Accepted Answer

This statement is true. Taxpayers may choose to itemize their deductions if the total amount of their allowable itemized deductions (such as medical expenses, state and local taxes, mortgage interest, charitable contributions, etc.) exceeds the standard deduction amount. Itemizing deductions can potentially result in a lower tax liability for the taxpayer.

The Election to Itemize Is Appropriate When the Taxpayer's Allowable