average – Elite CPA Tax

Does it ever pay to be just average?

By elitecpas | January 8, 2016 |

Here are the average tax deductions by income level according to the IRS

When it’s OK to be average

By elitecpas | March 10, 2014 |

Here are the average deductions, by level of income, based on the latest available IRS stats. 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. [Editor’s note: Remember that there is no “average” amount that…

The one time that it’s good to be average

By elitecpas | September 5, 2011 |

Here are the average deductions, by level of income, based on the latest available IRS stats. Average Itemized Deductions Adjusted Gross Income Medical Expenses Taxes Interest Charitable Contributions $15,000 to $30,000 $7,074 $3,147 $9,245 $2,189 $30,000 to $50,000 $6,153 $3,830 $9,055 $2,189 $50,000 to $100,000 $7,102 $6,050 $10,659 $2,693 $100,000 to…