Averages in itemized deductions released

(Revised November 2006)

During the year, the Internal Revenue Service issued statistics on the amounts that individuals claimed for itemized deductions on their year 2002 Federal income tax returns.   As of the above date,  year 2003 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.  Don't 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.

Adjusted
gross
inocme

Taxable
income

Interest
deduction

State & local
taxes

Charitable
contributions

Medical
expenses

Other
deductions

Total
itemized
deductions

under $15M

3,117

6,834

2,459

1,443

7,818

see note

13,138

15M -30M

10,239

6,844

2,442

2,020

6,382

see note

12,775

30M - 50M

23,950

6,979

3,3332

2,066

5,355

see note

13,648

50M-100M

48,158

8,448

5.5464

2,666

5,651

see note

17,432

100M-200M

99,172

11,350

10.042

4,000

10,515

see note

25,902

over 200M

445,022

20,381

36.354

18,011

25,719

see note

64,835

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

The individual columns listing the various types of itemized deductions do not equal the last column of the total itemized deductions.

If you want more information on these averages, you need to talk to your tax professional or you can contact one of us at (708) 647-1045  Clients can also contact us via secure email by pressing here.

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