Home » New York » QUEENS County » ZIP Code 11426 » Tax Stats

11426 Income Tax Overview

Total Number of Tax Returns for ZIP Code 11426 [1]	8,450
Total Number of Joint Tax Returns for ZIP Code 11426	3,436
Total Number of Dependents for ZIP Code 11426	2,920
Total Adjusted Gross Income for ZIP Code 11426	477,171,793
Average Income per Person for ZIP Code 11426	$27,127

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]	1,423
Number of joint returns	156
Number of returns with paid preparer's signature	953
Number of exemptions	1,215
Number of dependents	119
Adjust gross income (AGI) [2]	$5,804,400
Salaries and wages	$5,084,837
Taxable interest	$468,181
Ordinary dividends	$164,719
Business or professional net income (less loss)	$1,377,408
Net capital gain (less loss)	$60,488
Taxable individual retirement arrangements distributions	$191,967
Taxable pensions and annuities	$605,059
Unemployment compensation [3]	$74,427
Taxable Social Security benefits	$27,433
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,273,524
State and local income taxes	$94,579
State and local general sales tax	$10,931
Real estate taxes	$156,367
Taxes paid	$266,776
Mortgage interest paid	$707,537
Contributions	$35,984
Taxable income	$417,760
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$255,495
Excess earned income credit (refundable) [7]	$175,103
Alternative minimum tax	$0
Income tax [8]	$44,258
Total tax liability [9]	$278,193
Tax due at time of filing [10]	$120,871
Overpayments refunded [11]	($597,705)

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

Number of returns [1]	1,488
Number of joint returns	438
Number of returns with paid preparer's signature	1,016
Number of exemptions	2,544
Number of dependents	416
Adjust gross income (AGI) [2]	$25,093,663
Salaries and wages	$15,142,696
Taxable interest	$1,063,449
Ordinary dividends	$475,576
Business or professional net income (less loss)	$5,077,866
Net capital gain (less loss)	($140,896)
Taxable individual retirement arrangements distributions	$799,915
Taxable pensions and annuities	$2,756,551
Unemployment compensation [3]	$512,016
Taxable Social Security benefits	$210,902
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,421,286
State and local income taxes	$143,310
State and local general sales tax	$44,884
Real estate taxes	$440,709
Taxes paid	$647,042
Mortgage interest paid	$1,496,778
Contributions	$171,130
Taxable income	$6,474,260
Total tax credits [5]	$121,350
Residential energy tax credit	$0
Child tax credit	$13,944
Child and dependent care credit	$6,278
Earned income credit [6]	$1,247,818
Excess earned income credit (refundable) [7]	$791,050
Alternative minimum tax	$0
Income tax [8]	$571,220
Total tax liability [9]	$1,348,451
Tax due at time of filing [10]	$330,053
Overpayments refunded [11]	($2,198,740)

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

Number of returns [1]	1,839
Number of joint returns	609
Number of returns with paid preparer's signature	1,298
Number of exemptions	3,578
Number of dependents	640
Adjust gross income (AGI) [2]	$67,301,951
Salaries and wages	$52,134,344
Taxable interest	$2,139,051
Ordinary dividends	$625,725
Business or professional net income (less loss)	$4,426,584
Net capital gain (less loss)	($117,782)
Taxable individual retirement arrangements distributions	$1,317,749
Taxable pensions and annuities	$5,692,920
Unemployment compensation [3]	$647,273
Taxable Social Security benefits	$2,135,563
Self-employment retirement plans	$80,969
Total itemized deductions [4]	$12,768,450
State and local income taxes	$1,703,328
State and local general sales tax	$72,367
Real estate taxes	$1,326,988
Taxes paid	$3,159,704
Mortgage interest paid	$5,143,481
Contributions	$1,043,093
Taxable income	$34,371,651
Total tax credits [5]	$606,103
Residential energy tax credit	$0
Child tax credit	$271,979
Child and dependent care credit	$50,220
Earned income credit [6]	$394,737
Excess earned income credit (refundable) [7]	$207,498
Alternative minimum tax	$0
Income tax [8]	$3,762,972
Total tax liability [9]	$4,486,295
Tax due at time of filing [10]	$494,306
Overpayments refunded [11]	($3,477,164)

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

Number of returns [1]	1,292
Number of joint returns	500
Number of returns with paid preparer's signature	923
Number of exemptions	2,623
Number of dependents	472
Adjust gross income (AGI) [2]	$79,301,796
Salaries and wages	$63,830,367
Taxable interest	$1,992,058
Ordinary dividends	$717,965
Business or professional net income (less loss)	$1,599,811
Net capital gain (less loss)	$124,174
Taxable individual retirement arrangements distributions	$1,330,769
Taxable pensions and annuities	$6,574,071
Unemployment compensation [3]	$397,255
Taxable Social Security benefits	$2,989,660
Self-employment retirement plans	$0
Total itemized deductions [4]	$16,901,379
State and local income taxes	$3,969,101
State and local general sales tax	$33,176
Real estate taxes	$1,732,887
Taxes paid	$5,835,576
Mortgage interest paid	$6,085,379
Contributions	$1,593,879
Taxable income	$49,579,054
Total tax credits [5]	$650,235
Residential energy tax credit	$0
Child tax credit	$415,788
Child and dependent care credit	$54,384
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$6,755,552
Total tax liability [9]	$7,098,095
Tax due at time of filing [10]	$441,269
Overpayments refunded [11]	($3,370,156)

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

Number of returns [1]	973
Number of joint returns	561
Number of returns with paid preparer's signature	717
Number of exemptions	2,340
Number of dependents	453
Adjust gross income (AGI) [2]	$84,577,256
Salaries and wages	$69,950,958
Taxable interest	$2,044,575
Ordinary dividends	$849,471
Business or professional net income (less loss)	$1,244,827
Net capital gain (less loss)	$109,045
Taxable individual retirement arrangements distributions	$823,862
Taxable pensions and annuities	$6,514,031
Unemployment compensation [3]	$205,089
Taxable Social Security benefits	$2,747,394
Self-employment retirement plans	$0
Total itemized deductions [4]	$19,391,494
State and local income taxes	$5,606,969
State and local general sales tax	$29,710
Real estate taxes	$1,831,258
Taxes paid	$7,546,385
Mortgage interest paid	$6,876,867
Contributions	$1,847,175
Taxable income	$55,273,377
Total tax credits [5]	$644,618
Residential energy tax credit	$0
Child tax credit	$428,001
Child and dependent care credit	$37,809
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$29,334
Income tax [8]	$8,077,953
Total tax liability [9]	$8,340,757
Tax due at time of filing [10]	$386,462
Overpayments refunded [11]	($3,371,027)

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

Number of returns [1]	1,297
Number of joint returns	1,056
Number of returns with paid preparer's signature	951
Number of exemptions	3,799
Number of dependents	748
Adjust gross income (AGI) [2]	$172,961,085
Salaries and wages	$151,179,717
Taxable interest	$3,159,794
Ordinary dividends	$1,105,874
Business or professional net income (less loss)	$2,148,155
Net capital gain (less loss)	$532,282
Taxable individual retirement arrangements distributions	$1,787,529
Taxable pensions and annuities	$10,454,537
Unemployment compensation [3]	$410,711
Taxable Social Security benefits	$2,930,090
Self-employment retirement plans	$219,369
Total itemized deductions [4]	$38,224,261
State and local income taxes	$13,459,695
State and local general sales tax	$30,701
Real estate taxes	$3,521,181
Taxes paid	$17,175,190
Mortgage interest paid	$12,343,842
Contributions	$3,413,153
Taxable income	$120,354,576
Total tax credits [5]	$617,643
Residential energy tax credit	$0
Child tax credit	$418,783
Child and dependent care credit	$90,097
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$307,928
Income tax [8]	$21,223,103
Total tax liability [9]	$21,621,432
Tax due at time of filing [10]	$1,109,792
Overpayments refunded [11]	($4,706,727)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	138
Number of joint returns	116
Number of returns with paid preparer's signature	111
Number of exemptions	401
Number of dependents	72
Adjust gross income (AGI) [2]	$42,131,642
Salaries and wages	$26,902,269
Taxable interest	$1,158,853
Ordinary dividends	$497,831
Business or professional net income (less loss)	$817,898
Net capital gain (less loss)	$1,595,681
Taxable individual retirement arrangements distributions	$129,020
Taxable pensions and annuities	$2,618,586
Unemployment compensation [3]	$0
Taxable Social Security benefits	$457,638
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,828,250
State and local income taxes	$3,405,063
State and local general sales tax	$0
Real estate taxes	$459,486
Taxes paid	$3,885,885
Mortgage interest paid	$1,633,976
Contributions	$562,238
Taxable income	$33,982,669
Total tax credits [5]	$12,442
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$8,045
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$647,094
Income tax [8]	$8,697,644
Total tax liability [9]	$8,797,313
Tax due at time of filing [10]	$845,271
Overpayments refunded [11]	($440,674)

[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.