Home » Maryland » PRINCE GEORGES County » ZIP Code 20774 » Tax Stats

20774 Income Tax Overview

Total Number of Tax Returns for ZIP Code 20774 [1]	21,829
Total Number of Joint Tax Returns for ZIP Code 20774	5,396
Total Number of Dependents for ZIP Code 20774	8,284
Total Adjusted Gross Income for ZIP Code 20774	1,395,708,156
Average Income per Person for ZIP Code 20774	$32,449

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]	2,530
Number of joint returns	125
Number of returns with paid preparer's signature	1,195
Number of exemptions	2,309
Number of dependents	355
Adjust gross income (AGI) [2]	$9,602,533
Salaries and wages	$14,291,747
Taxable interest	$267,635
Ordinary dividends	$130,832
Business or professional net income (less loss)	($949,724)
Net capital gain (less loss)	$285,675
Taxable individual retirement arrangements distributions	$155,123
Taxable pensions and annuities	$1,304,742
Unemployment compensation [3]	$205,824
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,799,977
State and local income taxes	$284,786
State and local general sales tax	$196,869
Real estate taxes	$883,770
Taxes paid	$1,395,131
Mortgage interest paid	$3,543,608
Contributions	$191,234
Taxable income	$650,268
Total tax credits [5]	$2,682
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$783,497
Excess earned income credit (refundable) [7]	$655,069
Alternative minimum tax	$0
Income tax [8]	$61,794
Total tax liability [9]	$327,009
Tax due at time of filing [10]	$99,699
Overpayments refunded [11]	($2,082,045)

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

Number of returns [1]	2,977
Number of joint returns	190
Number of returns with paid preparer's signature	1,612
Number of exemptions	4,601
Number of dependents	1,018
Adjust gross income (AGI) [2]	$51,971,253
Salaries and wages	$43,252,192
Taxable interest	$451,192
Ordinary dividends	$84,372
Business or professional net income (less loss)	$553,844
Net capital gain (less loss)	($2,760)
Taxable individual retirement arrangements distributions	$519,977
Taxable pensions and annuities	$7,565,399
Unemployment compensation [3]	$1,162,597
Taxable Social Security benefits	$248,375
Self-employment retirement plans	$0
Total itemized deductions [4]	$12,834,082
State and local income taxes	$628,145
State and local general sales tax	$140,911
Real estate taxes	$1,506,400
Taxes paid	$2,353,727
Mortgage interest paid	$5,389,313
Contributions	$1,514,456
Taxable income	$14,787,510
Total tax credits [5]	$390,508
Residential energy tax credit	$0
Child tax credit	$107,341
Child and dependent care credit	$50,569
Earned income credit [6]	$2,754,368
Excess earned income credit (refundable) [7]	$2,331,994
Alternative minimum tax	$0
Income tax [8]	$1,223,423
Total tax liability [9]	$1,852,503
Tax due at time of filing [10]	$208,554
Overpayments refunded [11]	($6,202,028)

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

Number of returns [1]	5,071
Number of joint returns	514
Number of returns with paid preparer's signature	2,654
Number of exemptions	8,547
Number of dependents	1,828
Adjust gross income (AGI) [2]	$190,556,958
Salaries and wages	$162,830,622
Taxable interest	$1,039,001
Ordinary dividends	$276,345
Business or professional net income (less loss)	($2,895,694)
Net capital gain (less loss)	$56,791
Taxable individual retirement arrangements distributions	$1,628,448
Taxable pensions and annuities	$26,004,485
Unemployment compensation [3]	$1,398,613
Taxable Social Security benefits	$2,684,784
Self-employment retirement plans	$0
Total itemized deductions [4]	$57,486,005
State and local income taxes	$6,169,311
State and local general sales tax	$133,438
Real estate taxes	$5,891,986
Taxes paid	$12,484,410
Mortgage interest paid	$22,073,739
Contributions	$9,725,934
Taxable income	$92,294,410
Total tax credits [5]	$2,246,102
Residential energy tax credit	$15,285
Child tax credit	$990,139
Child and dependent care credit	$379,034
Earned income credit [6]	$723,566
Excess earned income credit (refundable) [7]	$607,892
Alternative minimum tax	$0
Income tax [8]	$9,666,807
Total tax liability [9]	$10,371,960
Tax due at time of filing [10]	$973,069
Overpayments refunded [11]	($11,337,099)

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

Number of returns [1]	4,279
Number of joint returns	742
Number of returns with paid preparer's signature	2,373
Number of exemptions	7,754
Number of dependents	1,678
Adjust gross income (AGI) [2]	$263,538,580
Salaries and wages	$223,924,843
Taxable interest	$1,418,867
Ordinary dividends	$469,199
Business or professional net income (less loss)	($2,295,547)
Net capital gain (less loss)	$51,985
Taxable individual retirement arrangements distributions	$2,684,028
Taxable pensions and annuities	$32,908,675
Unemployment compensation [3]	$678,360
Taxable Social Security benefits	$5,013,139
Self-employment retirement plans	$83,175
Total itemized deductions [4]	$92,386,467
State and local income taxes	$13,265,142
State and local general sales tax	$98,135
Real estate taxes	$9,786,938
Taxes paid	$23,535,157
Mortgage interest paid	$38,263,070
Contributions	$15,267,160
Taxable income	$140,493,666
Total tax credits [5]	$1,886,872
Residential energy tax credit	$16,022
Child tax credit	$1,344,710
Child and dependent care credit	$301,291
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$41,296
Income tax [8]	$18,932,267
Total tax liability [9]	$19,778,489
Tax due at time of filing [10]	$1,414,824
Overpayments refunded [11]	($12,842,720)

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

Number of returns [1]	2,815
Number of joint returns	955
Number of returns with paid preparer's signature	1,576
Number of exemptions	5,756
Number of dependents	1,201
Adjust gross income (AGI) [2]	$244,144,790
Salaries and wages	$209,829,197
Taxable interest	$1,188,326
Ordinary dividends	$476,847
Business or professional net income (less loss)	($836,988)
Net capital gain (less loss)	$40,585
Taxable individual retirement arrangements distributions	$2,029,671
Taxable pensions and annuities	$25,784,161
Unemployment compensation [3]	$386,633
Taxable Social Security benefits	$4,494,149
Self-employment retirement plans	$0
Total itemized deductions [4]	$84,490,862
State and local income taxes	$14,020,842
State and local general sales tax	$93,094
Real estate taxes	$9,095,622
Taxes paid	$23,640,112
Mortgage interest paid	$36,454,880
Contributions	$13,703,435
Taxable income	$138,053,893
Total tax credits [5]	$1,364,813
Residential energy tax credit	$11,076
Child tax credit	$840,437
Child and dependent care credit	$219,696
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$155,285
Income tax [8]	$21,043,315
Total tax liability [9]	$21,684,304
Tax due at time of filing [10]	$1,205,517
Overpayments refunded [11]	($10,058,808)

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

Number of returns [1]	3,674
Number of joint returns	2,445
Number of returns with paid preparer's signature	2,094
Number of exemptions	9,531
Number of dependents	1,917
Adjust gross income (AGI) [2]	$491,540,105
Salaries and wages	$425,708,749
Taxable interest	$2,809,365
Ordinary dividends	$1,298,195
Business or professional net income (less loss)	$1,214,634
Net capital gain (less loss)	$519,816
Taxable individual retirement arrangements distributions	$5,962,761
Taxable pensions and annuities	$44,763,388
Unemployment compensation [3]	$538,191
Taxable Social Security benefits	$5,281,573
Self-employment retirement plans	$153,436
Total itemized deductions [4]	$162,045,518
State and local income taxes	$30,883,563
State and local general sales tax	$75,175
Real estate taxes	$17,442,659
Taxes paid	$48,789,561
Mortgage interest paid	$71,181,017
Contributions	$25,562,225
Taxable income	$298,666,715
Total tax credits [5]	$1,442,293
Residential energy tax credit	$48,925
Child tax credit	$787,201
Child and dependent care credit	$440,055
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$718,757
Income tax [8]	$52,236,528
Total tax liability [9]	$54,002,039
Tax due at time of filing [10]	$3,405,878
Overpayments refunded [11]	($14,271,841)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	483
Number of joint returns	425
Number of returns with paid preparer's signature	278
Number of exemptions	1,441
Number of dependents	287
Adjust gross income (AGI) [2]	$144,353,937
Salaries and wages	$102,461,730
Taxable interest	$1,492,664
Ordinary dividends	$473,012
Business or professional net income (less loss)	$3,346,853
Net capital gain (less loss)	$2,745,609
Taxable individual retirement arrangements distributions	$1,460,963
Taxable pensions and annuities	$10,706,331
Unemployment compensation [3]	$84,745
Taxable Social Security benefits	$690,976
Self-employment retirement plans	$311,786
Total itemized deductions [4]	$33,978,241
State and local income taxes	$9,969,261
State and local general sales tax	$0
Real estate taxes	$3,492,272
Taxes paid	$13,538,732
Mortgage interest paid	$13,791,777
Contributions	$5,107,608
Taxable income	$105,683,271
Total tax credits [5]	$101,163
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$69,930
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$1,285,751
Income tax [8]	$25,987,881
Total tax liability [9]	$26,767,407
Tax due at time of filing [10]	$3,192,996
Overpayments refunded [11]	($1,539,552)

[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.