Group Releases Figures on Charity Deductions
June 26, 2003 | Read Time: 1 minute
Using statistics from the Internal Revenue Service, RIA — a tax-information publisher — has calculated the average deductions for charitable contributions taken in 2001 by taxpayers in six tax brackets:
Average deductions ranged from $1,329 for taxpayers who earned less than $15,000 to $17,842 for those with incomes of $200,000 or more.
RIA, formerly known as the Research Institute of America, based its estimates on IRS data that were published in the government’s Statistics of Income Bulletin for winter 2002-3 (The Chronicle, May 1).
| Income | Average contribution 2001 |
| 0-$14,999 | $1,329 |
| $15,000-$29,999 | $1,875 |
| $30,000-$49,999 | $1,906 |
| $50,000-$99,999 | $2,429 |
| $100,000-$199,999 | $3,761 |
| $200,000 and over | $17,842 |
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