Averages in itemized deductions released

(Revised November 2012)

During 2012, the Internal Revenue Service issued statistics on the amounts that individuals claimed for itemized deductions on their year 2008 Federal income tax returns. As of the above date, year 2008 is the last year we could find published statistics.

The published statistics are based up adjusted gross income brackets ranging from under $15,000 up to over $200,000. Also, the statistics are national averages. The averages for your state or region could be much different. Do not rely on IRS published statistics to avoid an IRS examination of your income tax return. The guidelines used by the IRS are  much more stophisticated. Also, your deductions on your Federal income tax return should be based upon your records and actual expenditures for the year.

The IRS release did not include averages for other deductions such as gambling losses and miscellaneous deductions

Adjusted
Gross
Income

Interest
Deduction

State & Local
Taxes

Charitable
Contributions

Medical
Expenses

15M -30M

9,245

3,147

2,024

7,074

30M - 50M

9,055

3,830

2,189

6,153

50M-100M

10,659

6,050

2,693

7,102

100M-200M

13,734

10,798

3,575

9.269

200M-250M

18,570

18,164

5,895

21,554

over 250M

27,865

50,267

20,930

37,143

If you want more information on these averages, you need to talk to us or your tax professional.

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