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CCH can assist you with stories, including interviews with CCH subject experts. Also, the 2012
CCH Whole Ball of Tax
is available in print. Please contact:
 
Leslie Bonacum
(847) 267-7153
mediahelp@cch.com
 
Eric Scott
(847) 267-2179
eric.scott@wolterskluwer.com

Visit the CCH Whole Ball of Tax site often as new releases and other updates will be posted throughout the tax season.

CCH provides special CCH Tax Briefings on key topics at CCHGroup.com/Legislation.

 
2012 CCH Whole Ball of Tax
Release (25) | Back to WBOT

2012 CCH Whole Ball of Tax

Contact:
Leslie Bonacum
, 847-267-7153, mediahelp@cch.com
Eric Scott, 847-267-2179, eric.scott@wolterskluwer.com

Average Itemized Deductions (Data Based on Preliminary 2009 IRS Statistics)

Based on the latest IRS statistics, itemized deductions were claimed on almost 33 percent of all tax returns filed and represented an estimated 61 percent of the total deductions amount. The average for total itemized deductions (after limitation) was $25,545, down 2.8 percent from the average of $26,268 for 2008.

The following are preliminary figures released by the IRS (their reports lag behind the current tax year because of the time needed to compile figures). These are averages only. The IRS takes a dim view of taxpayers who base their claimed deductions on these figures.

The numbers are useful, however, for two purposes: 1) to see if your actual deduction is out of line (so you can take extra care to document your claim) and; 2) to see if the deductions meet the expectations of policymakers.

Also, note that these averages take into account only those individuals who claimed an itemized deduction for that type of expense. Zero deductions are not factored in. Thus, the “average” taxpayer with adjusted gross income between $50,000 and $100,000 did not take an “average” medical expense deduction of $7,269, only the “average” taxpayer who itemized did.

Adjusted
Gross Income

Medical
Expenses

Taxes

Interest

Charitable
Contributions

$15,000 to $30,000

$7,783

$3,184

$8,434

$2,048

$30,000 to $50,000

$7,028

$3,943

$8,699

$2,274

$50,000 to $100,000

$7,269

$6,247

$10,133

$2,775

$100,000 to $200,000

$9,269

$11,069

$13,456

$3,888

$200,000 to $250,000

$21,599

$18,524

$17,572

$5,947

$250,000 or more

$38,149

$48,317

$25,527

$18,488

SOURCE: CCH, 2012

Permission for use granted.

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