Home » New Jersey » ESSEX County » ZIP Code 07106 » Tax Stats

07106 Income Tax Overview

Total Number of Tax Returns for ZIP Code 07106 [1]	13,546
Total Number of Joint Tax Returns for ZIP Code 07106	1,873
Total Number of Dependents for ZIP Code 07106	7,020
Total Adjusted Gross Income for ZIP Code 07106	442,796,908
Average Income per Person for ZIP Code 07106	$14,148

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]	2,429
Number of joint returns	126
Number of returns with paid preparer's signature	1,596
Number of exemptions	3,159
Number of dependents	770
Adjust gross income (AGI) [2]	$12,554,965
Salaries and wages	$10,061,903
Taxable interest	$164,546
Ordinary dividends	$36,180
Business or professional net income (less loss)	$2,317,666
Net capital gain (less loss)	($22,142)
Taxable individual retirement arrangements distributions	$135,497
Taxable pensions and annuities	$781,307
Unemployment compensation [3]	$1,083,930
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,526,840
State and local income taxes	$37,718
State and local general sales tax	$11,179
Real estate taxes	$252,811
Taxes paid	$351,701
Mortgage interest paid	$734,980
Contributions	$57,172
Taxable income	$354,425
Total tax credits [5]	$1,465
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,804,465
Excess earned income credit (refundable) [7]	$1,524,134
Alternative minimum tax	$0
Income tax [8]	$34,173
Total tax liability [9]	$407,176
Tax due at time of filing [10]	$69,224
Overpayments refunded [11]	($2,716,427)

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

Number of returns [1]	4,153
Number of joint returns	318
Number of returns with paid preparer's signature	3,080
Number of exemptions	8,099
Number of dependents	2,337
Adjust gross income (AGI) [2]	$71,362,599
Salaries and wages	$58,846,027
Taxable interest	$289,470
Ordinary dividends	$38,554
Business or professional net income (less loss)	$5,026,104
Net capital gain (less loss)	$9,963
Taxable individual retirement arrangements distributions	$349,802
Taxable pensions and annuities	$4,523,112
Unemployment compensation [3]	$4,326,996
Taxable Social Security benefits	$217,534
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,415,842
State and local income taxes	$146,425
State and local general sales tax	$69,865
Real estate taxes	$760,996
Taxes paid	$1,248,637
Mortgage interest paid	$2,189,188
Contributions	$514,685
Taxable income	$17,171,111
Total tax credits [5]	$671,594
Residential energy tax credit	$0
Child tax credit	$221,578
Child and dependent care credit	$84,162
Earned income credit [6]	$6,943,279
Excess earned income credit (refundable) [7]	$6,211,853
Alternative minimum tax	$0
Income tax [8]	$1,181,584
Total tax liability [9]	$2,040,338
Tax due at time of filing [10]	$197,365
Overpayments refunded [11]	($12,682,173)

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

Number of returns [1]	4,284
Number of joint returns	540
Number of returns with paid preparer's signature	3,048
Number of exemptions	8,904
Number of dependents	2,434
Adjust gross income (AGI) [2]	$152,761,778
Salaries and wages	$144,778,441
Taxable interest	$674,653
Ordinary dividends	$115,875
Business or professional net income (less loss)	($82,672)
Net capital gain (less loss)	($18,569)
Taxable individual retirement arrangements distributions	$601,814
Taxable pensions and annuities	$6,114,335
Unemployment compensation [3]	$2,762,836
Taxable Social Security benefits	$1,577,421
Self-employment retirement plans	$0
Total itemized deductions [4]	$19,594,756
State and local income taxes	$1,256,212
State and local general sales tax	$79,534
Real estate taxes	$2,039,197
Taxes paid	$3,995,431
Mortgage interest paid	$5,889,791
Contributions	$3,041,847
Taxable income	$79,198,995
Total tax credits [5]	$3,282,111
Residential energy tax credit	$0
Child tax credit	$1,429,831
Child and dependent care credit	$510,562
Earned income credit [6]	$1,430,409
Excess earned income credit (refundable) [7]	$1,273,659
Alternative minimum tax	$0
Income tax [8]	$6,626,274
Total tax liability [9]	$6,835,582
Tax due at time of filing [10]	$294,826
Overpayments refunded [11]	($12,788,447)

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

Number of returns [1]	1,643
Number of joint returns	344
Number of returns with paid preparer's signature	1,187
Number of exemptions	3,522
Number of dependents	896
Adjust gross income (AGI) [2]	$99,168,128
Salaries and wages	$92,082,343
Taxable interest	$460,051
Ordinary dividends	$148,072
Business or professional net income (less loss)	($68,745)
Net capital gain (less loss)	($31,825)
Taxable individual retirement arrangements distributions	$645,976
Taxable pensions and annuities	$5,495,573
Unemployment compensation [3]	$824,903
Taxable Social Security benefits	$2,243,367
Self-employment retirement plans	$0
Total itemized deductions [4]	$18,435,123
State and local income taxes	$1,927,098
State and local general sales tax	$75,252
Real estate taxes	$2,104,421
Taxes paid	$4,284,961
Mortgage interest paid	$6,133,780
Contributions	$3,266,257
Taxable income	$62,806,795
Total tax credits [5]	$1,230,392
Residential energy tax credit	$12,178
Child tax credit	$831,704
Child and dependent care credit	$167,695
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,958,480
Total tax liability [9]	$8,091,673
Tax due at time of filing [10]	$355,789
Overpayments refunded [11]	($5,748,576)

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

Number of returns [1]	637
Number of joint returns	285
Number of returns with paid preparer's signature	455
Number of exemptions	1,511
Number of dependents	348
Adjust gross income (AGI) [2]	$54,675,492
Salaries and wages	$50,282,719
Taxable interest	$339,804
Ordinary dividends	$138,692
Business or professional net income (less loss)	$208,017
Net capital gain (less loss)	($8,193)
Taxable individual retirement arrangements distributions	$379,781
Taxable pensions and annuities	$2,751,543
Unemployment compensation [3]	$228,463
Taxable Social Security benefits	$1,249,204
Self-employment retirement plans	$0
Total itemized deductions [4]	$11,527,130
State and local income taxes	$1,559,745
State and local general sales tax	$27,056
Real estate taxes	$1,338,179
Taxes paid	$3,029,660
Mortgage interest paid	$4,061,879
Contributions	$2,047,263
Taxable income	$36,458,838
Total tax credits [5]	$493,775
Residential energy tax credit	$0
Child tax credit	$304,704
Child and dependent care credit	$70,878
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$15,188
Income tax [8]	$5,344,948
Total tax liability [9]	$5,464,882
Tax due at time of filing [10]	$199,173
Overpayments refunded [11]	($2,770,779)

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

Number of returns [1]	379
Number of joint returns	243
Number of returns with paid preparer's signature	264
Number of exemptions	1,024
Number of dependents	221
Adjust gross income (AGI) [2]	$46,210,351
Salaries and wages	$40,547,303
Taxable interest	$442,132
Ordinary dividends	$83,598
Business or professional net income (less loss)	$3,377
Net capital gain (less loss)	$29,437
Taxable individual retirement arrangements distributions	$837,411
Taxable pensions and annuities	$3,157,275
Unemployment compensation [3]	$318,100
Taxable Social Security benefits	$1,195,929
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,811,559
State and local income taxes	$1,592,424
State and local general sales tax	$0
Real estate taxes	$1,113,629
Taxes paid	$2,790,895
Mortgage interest paid	$3,030,810
Contributions	$1,646,981
Taxable income	$33,330,546
Total tax credits [5]	$210,989
Residential energy tax credit	$0
Child tax credit	$140,356
Child and dependent care credit	$48,896
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$38,376
Income tax [8]	$5,851,263
Total tax liability [9]	$5,942,083
Tax due at time of filing [10]	$284,943
Overpayments refunded [11]	($1,461,712)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	21
Number of joint returns	17
Number of returns with paid preparer's signature	16
Number of exemptions	63
Number of dependents	14
Adjust gross income (AGI) [2]	$6,063,595
Salaries and wages	$3,534,758
Taxable interest	$33,027
Ordinary dividends	$0
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$779,186
State and local income taxes	$281,950
State and local general sales tax	$0
Real estate taxes	$71,124
Taxes paid	$360,743
Mortgage interest paid	$195,471
Contributions	$186,494
Taxable income	$5,060,135
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$57,666
Income tax [8]	$1,230,898
Total tax liability [9]	$1,286,028
Tax due at time of filing [10]	$0
Overpayments refunded [11]	$0

[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.