
- September30 2003
- Volume 10
- Issue 18
Unhealthy in Ohio
Crunching tax return numbers to getthe average deductions claimed can yieldsome interesting results. In the 2001 taxyear, for example, the affluent taxpayersof Ohio (ie, taxpayers with an adjustedgross income [AGI] of more than$100,000) wrote off more in medical expensesthan those in the 6 states with thelargest number of 1040 filers. Ohioans inthe $100,000 to $150,000 AGI rangeclaimed an average of $12,904 in medicalcosts, while those with an AGI in the$150,000 to $200,000 wrote off an averageof $21,150 in medical expenses. Pennsylvaniataxpayers in those AGI rangesranked second in medical cost deductions.Deductions for interest payments were farhigher among California taxpayers, probablybecause of high housing costs, whilewell-to-do Texas taxpayers topped the listin charitable contribution write-offs.
Articles in this issue
about 18 years ago
Distinguish Tax Loopholes and Tax Scamsabout 18 years ago
Reduce Your Retirement Plan's Tax Biteabout 18 years ago
Do You Hold an Adequate Disability Plan?about 18 years ago
Research the Facts Before You Refinanceabout 18 years ago
Lend Your Parents a Safe Financial Handabout 18 years ago
Learn to Diagnose and Treat a Sick Homeabout 18 years ago
Remember: Money Isn't Who You Areabout 18 years ago
Get Back to Basic Barteringabout 18 years ago
Know the Duties of an Estate Executorabout 18 years ago
Portfolio CHECK-UPRelated to this article








