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