Home » New York » MONROE County » ZIP Code 14450 » Tax Stats

14450 Income Tax Overview

Total Number of Tax Returns for ZIP Code 14450 [1]	21,183
Total Number of Joint Tax Returns for ZIP Code 14450	9,712
Total Number of Dependents for ZIP Code 14450	6,724
Total Adjusted Gross Income for ZIP Code 14450	1,541,973,572
Average Income per Person for ZIP Code 14450	$37,514

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]	4,031
Number of joint returns	203
Number of returns with paid preparer's signature	1,641
Number of exemptions	2,188
Number of dependents	201
Adjust gross income (AGI) [2]	$15,093,718
Salaries and wages	$14,872,150
Taxable interest	$1,358,795
Ordinary dividends	$1,373,093
Business or professional net income (less loss)	($260,903)
Net capital gain (less loss)	($395,154)
Taxable individual retirement arrangements distributions	$824,695
Taxable pensions and annuities	$1,512,785
Unemployment compensation [3]	$159,971
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,119,065
State and local income taxes	$228,730
State and local general sales tax	$48,504
Real estate taxes	$886,462
Taxes paid	$1,169,121
Mortgage interest paid	$833,065
Contributions	$91,351
Taxable income	$1,386,095
Total tax credits [5]	$3,494
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$467,480
Excess earned income credit (refundable) [7]	$409,719
Alternative minimum tax	$0
Income tax [8]	$129,257
Total tax liability [9]	$332,815
Tax due at time of filing [10]	$90,647
Overpayments refunded [11]	($1,961,780)

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

Number of returns [1]	3,021
Number of joint returns	486
Number of returns with paid preparer's signature	1,485
Number of exemptions	3,983
Number of dependents	472
Adjust gross income (AGI) [2]	$51,733,652
Salaries and wages	$34,154,564
Taxable interest	$2,276,082
Ordinary dividends	$1,939,297
Business or professional net income (less loss)	$2,527,839
Net capital gain (less loss)	$123,951
Taxable individual retirement arrangements distributions	$3,474,302
Taxable pensions and annuities	$6,992,354
Unemployment compensation [3]	$774,268
Taxable Social Security benefits	$569,841
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,626,036
State and local income taxes	$351,084
State and local general sales tax	$129,677
Real estate taxes	$1,904,749
Taxes paid	$2,410,460
Mortgage interest paid	$1,776,080
Contributions	$561,987
Taxable income	$17,132,598
Total tax credits [5]	$246,555
Residential energy tax credit	$0
Child tax credit	$53,861
Child and dependent care credit	$13,472
Earned income credit [6]	$1,311,964
Excess earned income credit (refundable) [7]	$1,164,071
Alternative minimum tax	$0
Income tax [8]	$1,581,838
Total tax liability [9]	$2,100,749
Tax due at time of filing [10]	$221,511
Overpayments refunded [11]	($4,143,263)

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

Number of returns [1]	3,812
Number of joint returns	978
Number of returns with paid preparer's signature	1,921
Number of exemptions	6,141
Number of dependents	860
Adjust gross income (AGI) [2]	$140,373,134
Salaries and wages	$99,751,625
Taxable interest	$3,265,527
Ordinary dividends	$3,445,367
Business or professional net income (less loss)	$4,374,139
Net capital gain (less loss)	$206,814
Taxable individual retirement arrangements distributions	$7,783,006
Taxable pensions and annuities	$14,846,642
Unemployment compensation [3]	$1,093,947
Taxable Social Security benefits	$6,546,103
Self-employment retirement plans	$133,113
Total itemized deductions [4]	$20,447,073
State and local income taxes	$1,958,546
State and local general sales tax	$302,530
Real estate taxes	$5,652,768
Taxes paid	$7,984,252
Mortgage interest paid	$5,583,103
Contributions	$1,875,085
Taxable income	$80,591,876
Total tax credits [5]	$1,047,627
Residential energy tax credit	$0
Child tax credit	$537,253
Child and dependent care credit	$66,663
Earned income credit [6]	$428,882
Excess earned income credit (refundable) [7]	$331,441
Alternative minimum tax	$0
Income tax [8]	$9,083,176
Total tax liability [9]	$9,922,963
Tax due at time of filing [10]	$722,332
Overpayments refunded [11]	($6,593,356)

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

Number of returns [1]	2,834
Number of joint returns	1,503
Number of returns with paid preparer's signature	1,654
Number of exemptions	6,048
Number of dependents	976
Adjust gross income (AGI) [2]	$176,076,760
Salaries and wages	$120,274,960
Taxable interest	$3,698,944
Ordinary dividends	$4,278,949
Business or professional net income (less loss)	$4,204,497
Net capital gain (less loss)	$510,697
Taxable individual retirement arrangements distributions	$10,875,903
Taxable pensions and annuities	$18,945,869
Unemployment compensation [3]	$821,544
Taxable Social Security benefits	$11,687,639
Self-employment retirement plans	$311,451
Total itemized deductions [4]	$32,597,318
State and local income taxes	$4,836,337
State and local general sales tax	$311,888
Real estate taxes	$8,877,743
Taxes paid	$14,120,424
Mortgage interest paid	$9,945,685
Contributions	$2,839,362
Taxable income	$113,693,795
Total tax credits [5]	$1,574,795
Residential energy tax credit	$0
Child tax credit	$1,117,660
Child and dependent care credit	$51,122
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$14,752,066
Total tax liability [9]	$15,805,971
Tax due at time of filing [10]	$1,086,798
Overpayments refunded [11]	($6,091,913)

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

Number of returns [1]	2,541
Number of joint returns	2,029
Number of returns with paid preparer's signature	1,440
Number of exemptions	6,842
Number of dependents	1,202
Adjust gross income (AGI) [2]	$220,935,368
Salaries and wages	$164,213,083
Taxable interest	$3,959,461
Ordinary dividends	$4,223,895
Business or professional net income (less loss)	$5,689,443
Net capital gain (less loss)	$999,683
Taxable individual retirement arrangements distributions	$10,965,786
Taxable pensions and annuities	$19,254,569
Unemployment compensation [3]	$769,550
Taxable Social Security benefits	$11,042,837
Self-employment retirement plans	$268,742
Total itemized deductions [4]	$42,147,350
State and local income taxes	$8,460,500
State and local general sales tax	$233,930
Real estate taxes	$11,867,353
Taxes paid	$20,662,792
Mortgage interest paid	$12,990,520
Contributions	$4,130,276
Taxable income	$149,930,295
Total tax credits [5]	$2,296,539
Residential energy tax credit	$0
Child tax credit	$1,649,260
Child and dependent care credit	$95,631
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$28,489
Income tax [8]	$19,606,737
Total tax liability [9]	$20,712,208
Tax due at time of filing [10]	$1,280,691
Overpayments refunded [11]	($6,518,935)

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

Number of returns [1]	3,941
Number of joint returns	3,578
Number of returns with paid preparer's signature	2,208
Number of exemptions	12,125
Number of dependents	2,378
Adjust gross income (AGI) [2]	$527,576,686
Salaries and wages	$418,915,380
Taxable interest	$6,695,696
Ordinary dividends	$10,065,272
Business or professional net income (less loss)	$19,822,416
Net capital gain (less loss)	$3,732,227
Taxable individual retirement arrangements distributions	$19,012,525
Taxable pensions and annuities	$31,044,349
Unemployment compensation [3]	$788,766
Taxable Social Security benefits	$12,587,220
Self-employment retirement plans	$2,175,271
Total itemized deductions [4]	$99,407,780
State and local income taxes	$27,978,617
State and local general sales tax	$245,710
Real estate taxes	$26,341,426
Taxes paid	$54,899,205
Mortgage interest paid	$27,347,945
Contributions	$10,960,076
Taxable income	$383,677,308
Total tax credits [5]	$2,208,660
Residential energy tax credit	$0
Child tax credit	$1,568,952
Child and dependent care credit	$177,267
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$774,849
Income tax [8]	$66,075,866
Total tax liability [9]	$69,173,817
Tax due at time of filing [10]	$4,329,286
Overpayments refunded [11]	($11,630,164)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	1,003
Number of joint returns	935
Number of returns with paid preparer's signature	718
Number of exemptions	3,257
Number of dependents	635
Adjust gross income (AGI) [2]	$410,184,254
Salaries and wages	$231,800,932
Taxable interest	$7,056,277
Ordinary dividends	$18,011,062
Business or professional net income (less loss)	$15,204,337
Net capital gain (less loss)	$32,494,783
Taxable individual retirement arrangements distributions	$6,945,070
Taxable pensions and annuities	$9,868,460
Unemployment compensation [3]	$158,487
Taxable Social Security benefits	$2,650,498
Self-employment retirement plans	$3,799,960
Total itemized deductions [4]	$61,115,540
State and local income taxes	$27,354,061
State and local general sales tax	$123,844
Real estate taxes	$10,929,921
Taxes paid	$38,511,818
Mortgage interest paid	$9,767,323
Contributions	$9,697,755
Taxable income	$339,162,881
Total tax credits [5]	$755,369
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$28,243
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$5,469,038
Income tax [8]	$90,684,324
Total tax liability [9]	$94,011,979
Tax due at time of filing [10]	$9,295,104
Overpayments refunded [11]	($3,180,755)

[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.