Tax-Savvy_Flipbook_2024

Average Itemized Deductions Based on IRS data for tax year 2021 These averages take into account only those individuals who claimed an itemized deduction for that type of expense. Source: Calculated from IRS data for tax year 2021 (filing year 2022) (most recent data available). Charitable contributions $1,849 $4,008 $5,140 $5,941 $8,627 $13,208 $125,370 Interest $10,842 $9,685 $9,409 $9,103 $11,000 $14,889 $18,705 Medical expenses $18,657 $18,897 $18,310 $18,963 $19,811 $34,448 $84,165 Adjusted gross income Under $15,000 $15,000 to $30,000 $30,000 to $50,000 $50,000 to $100,000 $100,000 to $200,000 $200,000 to $500,000 $500,000 or more Taxes $4,384 $4,361 $4,940 $6,791 $8,621 $9,558 $9,726

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