How many people itemize?

[disney junky]

Does anyone know what percentage of those filing taxes returns actually itemize?

 

[momo3hods]

I don't know the percentage but we do!!!!

 

[jimmalru80]

I'm not aware of the percentage, but we do.

 

[clarabelle]

We started itemizing when we got a house.
When I was single and renting -I didn't

 

[Charade]

I itemize. Have been ever since I bought my first house.

 

[Mrs.Toad]

Because the mortgage interest deduction is (usually) the biggest, most people who own homes will benefit from itemizing over taking the standard deduction. Likewise, most people who don't own homes won't have enough deductions to benefit from itemizing (unless they live in a state with a high income tax rate, or make a boat load of money).

I don't have percentages, but that might give you some idea.

 

[Hercules10]

Just a reminder. Congress DID OK the sales tax deductions for 2006. If you received your tax package by mail it won't have sales tax deduction on schedule A or the instructions for schedule A.

Since we bought a new truck this year it'll be a nice deduction!

 

[nhrenee]

We do too.
Maybe you should put up a poll?