One of the provisions under consideration in the tax extenders discussion is a reinstatement of 50 percent bonus expensing for equipment. This would strengthen investment spending and boost the sluggish recovery. It has...
- Weekly Map: Itemized Deductions by State
Weekly Map: Itemized Deductions by State
Today's Weekly Map looks at itemized deductions by state. There's a lot of talk in Washington these days about the possibility of imposing a cap on itemized deductions as a method of raising revenue without raising tax rates. (Mitt Romney proposed a similar idea during the debates last month and the idea is now viewed as a possible compromise method of tax increases.) Which states would be affected the most? Maryland taxpayers claim the most itemized deductions, and North Dakotans the least.
Click on the map to enlarge it.
View previous weekly maps here.
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