marketwatch article: Compare your claims to what other taxpayers do

abc

Diamond Member
Nov 26, 1999
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i pasted this info. Geez do you fit within these averages? If I had done 'average' I'd have alot I mean alot of money refunded to me.


One note: These averages are based on taxpayers who actually claim the deduction, not all taxpayers, Seidel said.

Medical-expense deduction. The average deduction taken for medical expenses, by adjusted gross income level, is as follows, according to RIA based on IRS numbers:

AGI of $0 to $15,000, $7,281

$15,000 to $30,000, $5,616

$30,000 to $50,000, $5,489

$50,000 to $100,000, $5,532

$100,000 to $200,000, $10,780

$200,000 and higher, $35,927

The average deduction taken for taxes paid, by adjusted gross income, is as follows:

AGI of $0 to $15,000, $2,134

$15,000 to $30,000, $2,311

$30,000 to $50,000, $3,052

$50,000 to $100,000, $5,108

$100,000 to $200,000, $9,713

$200,000 and higher, $38,931

The average deduction for charitable contributions:

AGI of $0 to $15,000, $1,329

$15,000 to $30,000, $1,875

$30,000 to $50,000, $1,906

$50,000 to $100,000, $2,429

$100,000 to $200,000, $3,761

$200,000 and higher, $17,842

The average deduction for interest income:

AGI of $0 to $15,000, $6,884

$15,000 to $30,000, $6,406

$30,000 to $50,000, $6,783

$50,000 to $100,000, $8,330

$100,000 to $200,000, $11,817

$200,000 and higher, $23,260

Total itemized deductions (after limitation), on average:

AGI of $0 to $15,000, $12,057

$15,000 to $30,000, $11,817

$30,000 to $50,000, $12,847

$50,000 to $100,000, $16,346

$100,000 to $200,000, $25,230

$200,000 and higher, $69,548