Schedules A and B

Schedules A and B are sections of the U.S. tax return form used to report different types of income and expenses. Schedule A records itemized deductions like mortgage interest, medical expenses, and charitable contributions, which help reduce taxable income. Schedule B reports interest and ordinary dividends received from investments, providing details for income earned from savings and investments. These schedules help ensure taxpayers accurately report their income and claim deductions, ultimately determining the correct amount of tax owed or refund due.