Tax Policy Center

Fiscal Facts

October 16, 2023
Itemizing, as opposed to claiming the standard deduction, is much more common among taxpayers with higher incomes. In 2020, 1% of taxpayers with incomes less than $25,000 itemized, compared with 72% of taxpayers with incomes over $1 million.
Fact: 
Itemizing, as opposed to claiming the standard deduction, is much more common among taxpayers with higher incomes. In 2020, 1% of taxpayers with incomes less than $25,000 itemized, compared with 72% of taxpayers with incomes over $1 million.
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