Re:US Senator Warren Introduces Bill to Simplify Tax Filing
by vilhelm_s on Wednesday April 13, 2016 @05:40PM
(#11492461)
I wonder if there are any statistics on which deductions are used by what percentage of people? I don't think any of them apply to me, as far as I can tell from the million questions the tax software asks.
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Re:US Senator Warren Introduces Bill to Simplify Tax Filing
by entee on Wednesday April 13, 2016 @05:48PM
(#11492533)
I'd love to find some of those too, but brief searching didn't yield anything.
In general though, it seems some of the most popular itemized deductions are:
1.) Deduct state income tax 2.) Mortgage interest 3.) Child-oriented tax credits
Most deductions seem to favor homeowners and families.