Saturday, May 15, 2010

American Taxpayers Get It. Give and You Shall Receive, These Deductions are Available When Filing Your Past Due Returns

The IRS released information about filing statistics for 2007

Over 4.5 million returns were filed in 2007, which included an adjusted gross income of $200,000 or more.

This same report said that individual taxpayers, who itemized, reported $59 billion in deductions for noncash charitable contributions.

This means, American taxpayers are mainstream when it comes to charitable contributions. US taxpayers get it! Give and you shall receive.

It will be interesting to see the statistics for 2008 through 2009. However, we will have to wait for the IRS to release these figures.
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