Publication
Article
Physician's Money Digest
Author(s):
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.