Question: Total Itemized deductions used in returns by AGI Level for All Counties (2017)- 1,507,240 Total Itemized deductions used in returns by County (2017)- 1,507,770 Total

Total Itemized deductions used in returns by AGI Level for All Counties (2017)- 1,507,240

Total Itemized deductions used in returns by County (2017)- 1,507,770

Total itemized deductions used in 2018-705900

Total returns in 2017-

  • -By AGI group- 3,960,430
  • -By country- 3,961,090

Total returns in 2018-3983910

Following this data, please answer these questions:

  1. What percentage of all returns filed in Virginia used the itemized deduction:
    1. 2017?
    2. 2018?
  2. Why did the percentages change so drastically from 2017 to 2018?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!