The Average Charitable Deduction for Taxes Based on Income?

Answer The IRS doesn't provide statistics on the average charitable deduction taxpayers claim relative to their income. The tax rule covering your charitable deductions allows you to claim the full value ... Read More »

Top Q&A For: The Average Charitable Deduction for Taxes Base...

What Is My Income Tax Deduction Based On?

Your income tax deduction is based on either your filing status, if you choose to take the standard deduction, or based upon the individual deductions that you can claim, if you choose to itemize y... Read More »

What is the standard deduction on federal income taxes?

Standard deductions on federal income taxes are based upon an individual's filing status--single, widower with dependent child, married filing jointly, married filing separately or head of househol... Read More »

Can you take garnishment payment as a deduction on your income taxes?

Garnishments are forced methods for collecting debt, usually from a taxpayer's paycheck or bank account. Even though garnishments are forced, they are treated the same as voluntary payments made t... Read More »

What Qualifies as a Charitable Deduction?

A taxpayer can deduct the cash and property donations to charities from their income when filing federal and state income tax returns. According to the Internal Revenue Service, the taxpayer must b... Read More »