Because standard deductions (as well as Social Security wage bases, personal exemptions, tax table rates, etc.) are indexed for inflation, "standard deduction creep" eliminated the conversion of nonitemizers to itemizers
caused by inflation.
Currently, for a primary and secondary home, an individual can deduct the interest on mortgages of up to $1 million for "acquisition debt" and $100,000 for "home equity debt." Because the home mortgage interest deduction is available only to itemizers
, merely 54% of homeowners who pay mortgage interest receive a tax benefit.
Some regional giving reports utilize different methods, including controlling for factors associated with giving, to obtain a more accurate picture of regional giving trends than itemizer
data alone can provide.
If leaders at Independent Sector had their way, "there would be no floor and we wouldn't be touching itemizers
," Aviv said.
in New York start with federal itemized deductions less state and local income and sales taxes, but New York has a separate schedule for limiting itemized deductions at higher incomes, and at very high levels of AGI only allows tax units to deduct a certain percentage of charitable deductions.
The IRS Public Use File allows us to only observe the charitable contributions of itemizers
, so to model the effects of income changes on aggregate giving, we must make assumptions about donations by the non-itemizers in our data.
For borderline itemizers
. such is not the case: as without the charitable deduction, they would choose the standard deduction, so that their itemization status is endogenous to giving.
redistributive effect occurs for itemizers
in every tax bracket because
The lack of tax return information and/or information on itemizer
status is a weakness of the sample.
The proportion of itemizers
were found to be greater in the Northeast when compared to the respective itemizer
proportions in the South and Midwest.
Records reviewed by International Business Times using data from the most recent quarter compiled by (https://projects.propublica.org/itemizer/) ProPublica's FEC Itemizer
, found that 814 of 2,502 contributions to Ryan in the fourth quarter came from Wisconsin.
"Estimates of the Price Elasticity of Charitable Giving: A Reappraisal Using 1985 Itemizer
and Nonitemizer Charitable Deduction Data," Journal of the American Taxation Association, 12, 1,Fall 1990, pp.