The Tax Foundation explains that people can get itemized tax deductions for state and local income taxes, sales taxes and real estate taxes. They looked at every county in the country and the way their residents benefit from these tax deductions:
The measurement used here is mean deduction amount taken per return: in other words, the total of all of the deductions for state and local taxes, divided by number of returns filed.
The county with the highest average state and local tax deductions in the country is New York County, New York, where residents have an average of $20,621 deductions taken. No Illinois county ranks in the top 10 of the country, nor does any county in the Midwest. All of the highest-deduction counties are in New York, New Jersey, Connecticut and California.
Still, here are the five counties in Illinois whose residents have some of the highest tax deductions on average, according to the Tax Foundation:
10. Grundy-$3,561
9. McLean-$3,622
8. Monroe-$4,002
7. Cook-$4,038
6. Kane-$5,065
Check out Reboot Illinois to see a map of which Illinois counties have the biggest on-average tax deductions and which counties have the smallest on-average tax deductions. Also see how income can make a difference in this county-by-county variety.
Sign up for our daily email to stay up to date with Illinois politics.
NEXT ARTICLE: 11 Most Endangered Historic Sites in Illinois in 2015
- Betcha didn't know these 30 fun Illinois facts!
- Weird place names in Illinois
- House approves bill to decriminalize marijuana in Illinois
- The top 20 most challenging high schools in Illinois
- Want to tell your elected officials what you think of the state of government in Illinois? Use our Sound Off tool.
-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
from Chicago - The Huffington Post http://ift.tt/1ei7ZEp
via IFTTT
No comments:
Post a Comment