Leonard Burman (Senior Fellow, Urban Institute; Director, Tax Policy Center), Eric Toder (Senior Fellow, Urban Institute) & Christopher Geissler (Graduate Student, Duke University, Department of Economics) have posted How Big Are Total Individual Income Tax Expenditures, and Who Benefits from Them? on the Tax Policy Center website.  Here is the abstract:

Analysts often add up tax expenditures to estimate an aggregate cost, but those tallies are inaccurate because they ignore interactions among provisions. We estimate that interactions raise the cost of nonbusiness tax expenditures by 5% to 8%, depending on whether an AMT patch is in effect. In 2007, these tax expenditures totaled about $750 billion — 5.5% of GDP. While tax expenditures benefit taxpayers in all income groups, high-income households gain more relative to income than low-income ones. Although the AMT eliminates some tax preferences, it increases overall tax expenditures because most AMT taxpayers face higher marginal tax rates.