Home » New York » BRONX County » ZIP Code 10451 » Tax Stats

10451 Income Tax Overview

Total Number of Tax Returns for ZIP Code 10451 [1]	19,434
Total Number of Joint Tax Returns for ZIP Code 10451	1,871
Total Number of Dependents for ZIP Code 10451	10,172
Total Adjusted Gross Income for ZIP Code 10451	548,827,033
Average Income per Person for ZIP Code 10451	$12,006

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]	4,367
Number of joint returns	181
Number of returns with paid preparer's signature	3,077
Number of exemptions	6,362
Number of dependents	1,599
Adjust gross income (AGI) [2]	$22,971,939
Salaries and wages	$13,827,097
Taxable interest	$241,495
Ordinary dividends	$44,567
Business or professional net income (less loss)	$7,994,270
Net capital gain (less loss)	($62,433)
Taxable individual retirement arrangements distributions	$122,031
Taxable pensions and annuities	$1,293,849
Unemployment compensation [3]	$707,235
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$614,759
State and local income taxes	$0
State and local general sales tax	$10,006
Real estate taxes	$18,223
Taxes paid	$43,423
Mortgage interest paid	$136,595
Contributions	$17,410
Taxable income	$308,181
Total tax credits [5]	$620
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$3,968,594
Excess earned income credit (refundable) [7]	$3,029,221
Alternative minimum tax	$0
Income tax [8]	$31,704
Total tax liability [9]	$1,278,781
Tax due at time of filing [10]	$244,803
Overpayments refunded [11]	($4,450,772)

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

Number of returns [1]	6,397
Number of joint returns	502
Number of returns with paid preparer's signature	4,800
Number of exemptions	13,285
Number of dependents	3,954
Adjust gross income (AGI) [2]	$106,247,071
Salaries and wages	$81,695,520
Taxable interest	$542,552
Ordinary dividends	$107,840
Business or professional net income (less loss)	$14,805,918
Net capital gain (less loss)	($52,075)
Taxable individual retirement arrangements distributions	$383,061
Taxable pensions and annuities	$7,568,821
Unemployment compensation [3]	$2,575,133
Taxable Social Security benefits	$300,436
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,794,319
State and local income taxes	$296,151
State and local general sales tax	$24,513
Real estate taxes	$95,546
Taxes paid	$430,149
Mortgage interest paid	$389,200
Contributions	$482,192
Taxable income	$23,613,572
Total tax credits [5]	$749,741
Residential energy tax credit	$0
Child tax credit	$292,528
Child and dependent care credit	$207,310
Earned income credit [6]	$12,457,057
Excess earned income credit (refundable) [7]	$10,498,573
Alternative minimum tax	$0
Income tax [8]	$1,786,519
Total tax liability [9]	$3,933,324
Tax due at time of filing [10]	$279,467
Overpayments refunded [11]	($19,354,257)

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

Number of returns [1]	5,880
Number of joint returns	549
Number of returns with paid preparer's signature	4,261
Number of exemptions	12,042
Number of dependents	3,322
Adjust gross income (AGI) [2]	$210,341,472
Salaries and wages	$194,859,789
Taxable interest	$787,355
Ordinary dividends	$189,233
Business or professional net income (less loss)	$1,284,785
Net capital gain (less loss)	($194,352)
Taxable individual retirement arrangements distributions	$815,713
Taxable pensions and annuities	$10,104,617
Unemployment compensation [3]	$1,744,175
Taxable Social Security benefits	$2,065,250
Self-employment retirement plans	$0
Total itemized deductions [4]	$21,521,229
State and local income taxes	$4,496,408
State and local general sales tax	$73,441
Real estate taxes	$496,599
Taxes paid	$5,290,105
Mortgage interest paid	$1,791,422
Contributions	$3,742,522
Taxable income	$114,966,004
Total tax credits [5]	$4,160,931
Residential energy tax credit	$0
Child tax credit	$2,053,378
Child and dependent care credit	$1,076,630
Earned income credit [6]	$1,994,404
Excess earned income credit (refundable) [7]	$1,755,328
Alternative minimum tax	$0
Income tax [8]	$10,362,164
Total tax liability [9]	$10,709,644
Tax due at time of filing [10]	$524,957
Overpayments refunded [11]	($16,909,916)

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

Number of returns [1]	1,840
Number of joint returns	308
Number of returns with paid preparer's signature	1,300
Number of exemptions	3,632
Number of dependents	872
Adjust gross income (AGI) [2]	$110,583,577
Salaries and wages	$97,712,799
Taxable interest	$722,562
Ordinary dividends	$166,297
Business or professional net income (less loss)	$578,246
Net capital gain (less loss)	($70,460)
Taxable individual retirement arrangements distributions	$623,185
Taxable pensions and annuities	$8,074,864
Unemployment compensation [3]	$428,646
Taxable Social Security benefits	$2,892,582
Self-employment retirement plans	$0
Total itemized deductions [4]	$18,246,183
State and local income taxes	$5,361,499
State and local general sales tax	$34,803
Real estate taxes	$634,372
Taxes paid	$6,196,768
Mortgage interest paid	$2,484,773
Contributions	$3,276,782
Taxable income	$73,842,039
Total tax credits [5]	$1,145,850
Residential energy tax credit	$0
Child tax credit	$824,576
Child and dependent care credit	$195,792
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$15,228
Income tax [8]	$9,970,891
Total tax liability [9]	$10,165,469
Tax due at time of filing [10]	$473,511
Overpayments refunded [11]	($5,730,594)

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

Number of returns [1]	605
Number of joint returns	167
Number of returns with paid preparer's signature	450
Number of exemptions	1,201
Number of dependents	262
Adjust gross income (AGI) [2]	$51,427,779
Salaries and wages	$44,520,410
Taxable interest	$381,487
Ordinary dividends	$121,876
Business or professional net income (less loss)	$298,470
Net capital gain (less loss)	$138,410
Taxable individual retirement arrangements distributions	$438,797
Taxable pensions and annuities	$4,152,314
Unemployment compensation [3]	$150,431
Taxable Social Security benefits	$1,178,900
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,355,245
State and local income taxes	$3,287,075
State and local general sales tax	$10,946
Real estate taxes	$326,591
Taxes paid	$3,730,071
Mortgage interest paid	$1,196,804
Contributions	$1,560,961
Taxable income	$36,687,567
Total tax credits [5]	$327,788
Residential energy tax credit	$0
Child tax credit	$226,311
Child and dependent care credit	$63,461
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$72,078
Income tax [8]	$5,993,483
Total tax liability [9]	$6,118,785
Tax due at time of filing [10]	$269,380
Overpayments refunded [11]	($1,914,775)

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

Number of returns [1]	318
Number of joint returns	149
Number of returns with paid preparer's signature	244
Number of exemptions	723
Number of dependents	153
Adjust gross income (AGI) [2]	$39,215,515
Salaries and wages	$33,176,068
Taxable interest	$356,390
Ordinary dividends	$123,906
Business or professional net income (less loss)	$493,867
Net capital gain (less loss)	$414,274
Taxable individual retirement arrangements distributions	$714,947
Taxable pensions and annuities	$3,222,749
Unemployment compensation [3]	$120,111
Taxable Social Security benefits	$1,029,675
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,456,632
State and local income taxes	$2,946,973
State and local general sales tax	$0
Real estate taxes	$383,095
Taxes paid	$3,384,499
Mortgage interest paid	$1,344,225
Contributions	$1,089,767
Taxable income	$28,885,534
Total tax credits [5]	$114,854
Residential energy tax credit	$0
Child tax credit	$72,500
Child and dependent care credit	$20,689
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$130,982
Income tax [8]	$5,492,826
Total tax liability [9]	$5,597,011
Tax due at time of filing [10]	$373,460
Overpayments refunded [11]	($1,198,724)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	27
Number of joint returns	15
Number of returns with paid preparer's signature	19
Number of exemptions	61
Number of dependents	10
Adjust gross income (AGI) [2]	$8,039,680
Salaries and wages	$5,655,259
Taxable interest	$183,535
Ordinary dividends	$201,297
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]	$947,752
State and local income taxes	$650,320
State and local general sales tax	$0
Real estate taxes	$42,094
Taxes paid	$692,447
Mortgage interest paid	$95,107
Contributions	$146,294
Taxable income	$6,876,173
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	$123,962
Income tax [8]	$1,682,989
Total tax liability [9]	$1,726,900
Tax due at time of filing [10]	$321,627
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.