Page 91 - Other Income for Individuals

 You are generally allowed to claim the standard
deduction if you don’t itemize your deductions. Only
your itemized deductions that are more than your
standard deduction are subject to the recovery rule
(unless you’re required to itemize your deductions). If
your total deductions on the earlier year return weren’t
more than your income for that year, include in your
income this year the lesser of:
• Your recoveries, or

• The amount by which your itemized deductions
exceeded the standard deduction.

2

Standard deduction limit