Home » Connecticut » NEW HAVEN County » ZIP Code 06483 » Tax Stats

06483 Income Tax Overview

Total Number of Tax Returns for ZIP Code 06483 [1]	8,152
Total Number of Joint Tax Returns for ZIP Code 06483	3,339
Total Number of Dependents for ZIP Code 06483	2,627
Total Adjusted Gross Income for ZIP Code 06483	485,058,199
Average Income per Person for ZIP Code 06483	$29,326

The following tables break down the Income Tax Statistics into different Gross Income levels.

Adjusted Gross Income: Under $10,000 [1]

Number of returns [1]	1,208
Number of joint returns	69
Number of returns with paid preparer's signature	517
Number of exemptions	853
Number of dependents	95
Adjust gross income (AGI) [2]	$4,960,685
Salaries and wages	$4,783,477
Taxable interest	$350,256
Ordinary dividends	$141,047
Business or professional net income (less loss)	($183,019)
Net capital gain (less loss)	($87,956)
Taxable individual retirement arrangements distributions	$242,407
Taxable pensions and annuities	$626,709
Unemployment compensation [3]	$156,458
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,371,862
State and local income taxes	$30,683
State and local general sales tax	$11,019
Real estate taxes	$292,257
Taxes paid	$359,247
Mortgage interest paid	$604,593
Contributions	$23,429
Taxable income	$472,544
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$189,598
Excess earned income credit (refundable) [7]	$170,568
Alternative minimum tax	$0
Income tax [8]	$48,998
Total tax liability [9]	$149,124
Tax due at time of filing [10]	$41,647
Overpayments refunded [11]	($577,861)

Adjusted Gross Income: $10,000 under $25,000

Number of returns [1]	1,375
Number of joint returns	208
Number of returns with paid preparer's signature	697
Number of exemptions	1,843
Number of dependents	251
Adjust gross income (AGI) [2]	$23,524,854
Salaries and wages	$15,783,929
Taxable interest	$929,905
Ordinary dividends	$375,648
Business or professional net income (less loss)	$1,629,525
Net capital gain (less loss)	$14,876
Taxable individual retirement arrangements distributions	$1,211,752
Taxable pensions and annuities	$3,171,816
Unemployment compensation [3]	$878,293
Taxable Social Security benefits	$180,168
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,355,781
State and local income taxes	$96,453
State and local general sales tax	$37,891
Real estate taxes	$849,613
Taxes paid	$1,041,421
Mortgage interest paid	$1,059,308
Contributions	$141,913
Taxable income	$7,768,156
Total tax credits [5]	$96,702
Residential energy tax credit	$0
Child tax credit	$29,836
Child and dependent care credit	$5,830
Earned income credit [6]	$698,694
Excess earned income credit (refundable) [7]	$611,731
Alternative minimum tax	$0
Income tax [8]	$743,497
Total tax liability [9]	$1,035,913
Tax due at time of filing [10]	$158,733
Overpayments refunded [11]	($1,976,138)

Adjusted Gross Income: $25,000 under $50,000

Number of returns [1]	1,771
Number of joint returns	428
Number of returns with paid preparer's signature	956
Number of exemptions	2,918
Number of dependents	465
Adjust gross income (AGI) [2]	$66,441,239
Salaries and wages	$54,299,431
Taxable interest	$1,325,510
Ordinary dividends	$574,822
Business or professional net income (less loss)	$1,977,273
Net capital gain (less loss)	$180,840
Taxable individual retirement arrangements distributions	$1,405,498
Taxable pensions and annuities	$4,437,655
Unemployment compensation [3]	$1,216,059
Taxable Social Security benefits	$1,615,493
Self-employment retirement plans	$47,496
Total itemized deductions [4]	$9,289,573
State and local income taxes	$755,136
State and local general sales tax	$57,575
Real estate taxes	$2,238,449
Taxes paid	$3,241,386
Mortgage interest paid	$4,105,164
Contributions	$493,114
Taxable income	$38,552,619
Total tax credits [5]	$557,419
Residential energy tax credit	$0
Child tax credit	$310,232
Child and dependent care credit	$40,455
Earned income credit [6]	$182,753
Excess earned income credit (refundable) [7]	$128,235
Alternative minimum tax	$0
Income tax [8]	$4,446,026
Total tax liability [9]	$4,920,887
Tax due at time of filing [10]	$351,803
Overpayments refunded [11]	($3,426,096)

Adjusted Gross Income: $50,000 under $75,000

Number of returns [1]	1,385
Number of joint returns	589
Number of returns with paid preparer's signature	824
Number of exemptions	2,810
Number of dependents	486
Adjust gross income (AGI) [2]	$85,630,571
Salaries and wages	$69,910,255
Taxable interest	$1,416,426
Ordinary dividends	$818,651
Business or professional net income (less loss)	$1,893,915
Net capital gain (less loss)	$337,675
Taxable individual retirement arrangements distributions	$1,911,800
Taxable pensions and annuities	$5,513,173
Unemployment compensation [3]	$779,912
Taxable Social Security benefits	$2,921,910
Self-employment retirement plans	$0
Total itemized deductions [4]	$14,844,540
State and local income taxes	$2,091,727
State and local general sales tax	$37,508
Real estate taxes	$3,312,299
Taxes paid	$5,752,294
Mortgage interest paid	$6,344,083
Contributions	$861,347
Taxable income	$56,212,533
Total tax credits [5]	$710,786
Residential energy tax credit	$0
Child tax credit	$551,846
Child and dependent care credit	$39,351
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,690,947
Total tax liability [9]	$8,093,075
Tax due at time of filing [10]	$431,607
Overpayments refunded [11]	($3,565,836)

Adjusted Gross Income: $75,000 under $100,000

Number of returns [1]	979
Number of joint returns	740
Number of returns with paid preparer's signature	585
Number of exemptions	2,586
Number of dependents	477
Adjust gross income (AGI) [2]	$85,135,932
Salaries and wages	$72,544,030
Taxable interest	$1,205,921
Ordinary dividends	$607,050
Business or professional net income (less loss)	$1,485,868
Net capital gain (less loss)	$339,652
Taxable individual retirement arrangements distributions	$1,368,335
Taxable pensions and annuities	$4,350,666
Unemployment compensation [3]	$668,074
Taxable Social Security benefits	$2,003,237
Self-employment retirement plans	$0
Total itemized deductions [4]	$16,708,478
State and local income taxes	$2,930,412
State and local general sales tax	$0
Real estate taxes	$3,873,219
Taxes paid	$7,207,442
Mortgage interest paid	$7,175,399
Contributions	$1,068,653
Taxable income	$57,290,357
Total tax credits [5]	$827,855
Residential energy tax credit	$0
Child tax credit	$586,236
Child and dependent care credit	$42,150
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,748,084
Total tax liability [9]	$8,195,032
Tax due at time of filing [10]	$365,484
Overpayments refunded [11]	($3,488,803)

Adjusted Gross Income: $100,000 under $200,000

Number of returns [1]	1,278
Number of joint returns	1,165
Number of returns with paid preparer's signature	745
Number of exemptions	3,815
Number of dependents	760
Adjust gross income (AGI) [2]	$168,576,223
Salaries and wages	$146,988,291
Taxable interest	$1,729,766
Ordinary dividends	$1,151,312
Business or professional net income (less loss)	$3,916,862
Net capital gain (less loss)	$763,538
Taxable individual retirement arrangements distributions	$2,894,135
Taxable pensions and annuities	$6,363,167
Unemployment compensation [3]	$728,847
Taxable Social Security benefits	$1,849,766
Self-employment retirement plans	$254,298
Total itemized deductions [4]	$32,602,509
State and local income taxes	$7,441,584
State and local general sales tax	$0
Real estate taxes	$7,134,198
Taxes paid	$15,292,869
Mortgage interest paid	$13,226,714
Contributions	$2,265,120
Taxable income	$121,634,689
Total tax credits [5]	$623,714
Residential energy tax credit	$0
Child tax credit	$481,788
Child and dependent care credit	$83,318
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$112,960
Income tax [8]	$20,905,571
Total tax liability [9]	$21,794,571
Tax due at time of filing [10]	$1,097,434
Overpayments refunded [11]	($4,202,857)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	156
Number of joint returns	140
Number of returns with paid preparer's signature	111
Number of exemptions	479
Number of dependents	93
Adjust gross income (AGI) [2]	$50,788,695
Salaries and wages	$33,580,729
Taxable interest	$1,083,406
Ordinary dividends	$1,748,101
Business or professional net income (less loss)	$1,306,396
Net capital gain (less loss)	$2,817,856
Taxable individual retirement arrangements distributions	$206,119
Taxable pensions and annuities	$1,332,954
Unemployment compensation [3]	$0
Taxable Social Security benefits	$284,596
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,545,061
State and local income taxes	$2,504,679
State and local general sales tax	$0
Real estate taxes	$1,344,945
Taxes paid	$4,037,645
Mortgage interest paid	$2,131,325
Contributions	$619,342
Taxable income	$41,722,739
Total tax credits [5]	$21,101
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$9,837
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$501,589
Income tax [8]	$10,423,413
Total tax liability [9]	$10,629,245
Tax due at time of filing [10]	$755,716
Overpayments refunded [11]	($679,895)

[1] Includes returns with adjusted gross deficit.

[2] Less deficit.

[3] Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ's. This fund only applies to statistics in the U.S. totals, and the state of Alaska.

[4] "Itemized deductions" include any amounts reported by the taxpayer, even if they could not be used in computing "taxable income," the base on which the regular income tax was computed. Thus, total itemized deductions include amounts that did not have to be reported by taxpayers with no "adjusted gross income." (Adjusted gross income is the total from which these deductions would normally be subtracted.) In addition, if standard and itemized deductions were both reported on a tax return, the form of deduction actually used in computing income tax was the one used for the statistics. Therefore, if the standard deduction was the form of deduction used, the total reported for itemized deductions was excluded from the statistics. However, the component deductions were not similarly excluded. As a result, the number of returns and related amounts for the component deductions are slightly overstated in relation to the grand total shown for itemized deductions. These components are also overstated in relation to the total because there was a statutory limitation on the total of itemized deductions that could be claimed by certain high-income taxpayers. This limitation did not affect the component deductions, the sum of which therefore exceeded the total used in computing income tax.

[5] "Total tax credits" excludes the "earned income credit" which is shown separately.

[6] "Earned income credit" includes both the refundable and non-refundable portions. The non-refundable portion could reduce income tax and certain related taxes to zero. The earned income credit amounts in excess of total tax liability, or amounts when there was no tax liability at all, were refundable. See footnote 7 below for explanation of the refundable portion of the earned income credit.

[7] The refundable portion of the "earned income credit" equals "total income tax" minus the "earned income credit". If the result is negative, this amount is considered the refundable portion.

[8] "Income tax" is in general, the same as "income tax after credits" which was redefined in Tax Year 2000 to include the "alternative minimum tax (AMT)". Zip Code table "Income tax" differs from "total income tax" (in other tables) in that the Zip Code table "Income tax" is after the subtraction of all tax credits except the earned income credit. See footnote 6 and 7 above, for an explanation of the treatment of the earned income credit. "Income tax" reflects the amount reported on the tax return and is, therefore, before any examination or enforcement activities by the Internal Revenue Service. It represents the tax filer reported income tax liability that was payable to the U.S. Department of the Treasury.

[9] For the Zip Code tables, "Total tax liability" differs from "Income tax," in that "Total tax liability" includes the taxes from recapture of certain prior-year credits, tax applicable to individual retirement arrangements (IRA's), Social Security taxes on self-employment income and on certain tip income, advanced earned income payments, household employment taxes, and certain "other taxes" listed in the Form 1040 instructions.

[10] Reflects payments to or withholdings made to "Total tax liability" (footnote 9). The amount the tax filer owes when the income tax return is filed.

[11] The amount of overpayments the tax filer requested to have refunded.