Research Report The Share of Taxpayers Who Itemize Deductions Is Growing
Eric Toder, Carol Rosenberg
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Individual taxpayers may claim some expenses (for example, mortgage interest, state and local taxes, and so on) as itemized deductions or claim a standard deduction. The standard deduction eliminates tax liability for many low-income filers and simplifies tax return preparation. Between 1995 and 2004, the share of itemizers increased from 29 percent to 35 percent. In addition, itemizers accounted for more than two-thirds of all adjusted gross income reported on tax returns and 80 percent of tax liability.
Research Areas Economic mobility and inequality
Tags Income and wealth distribution
Policy Centers Income and Benefits Policy Center