HARWOOD, MD 20776

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ZIP Code 20776 Income Tax Stats

Individual Income by ZIP Code -- Tax Statistics: 2008



20776 Income Tax Overview

Total Number of Tax Returns for ZIP Code 20776 [1] 1,586
Total Number of Joint Tax Returns for ZIP Code 20776 703
Total Number of Dependents for ZIP Code 20776 511
Total Adjusted Gross Income for ZIP Code 20776 132,303,608
Average Income per Person for ZIP Code 20776 $40,226

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] 257
Number of joint returns 19
Number of returns with paid preparer's signature 123
Number of exemptions 191
Number of dependents 27
Adjust gross income (AGI) [2] $933,047
Salaries and wages $1,094,812
Taxable interest $60,093
Ordinary dividends $114,836
Business or professional net income (less loss) ($57,764)
Net capital gain (less loss) ($12,722)
Taxable individual retirement arrangements distributions $0
Taxable pensions and annuities $148,667
Unemployment compensation [3] $0
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $643,058
State and local income taxes $37,199
State and local general sales tax $0
Real estate taxes $71,923
Taxes paid $111,247
Mortgage interest paid $220,120
Contributions $0
Taxable income $119,906
Total tax credits [5] $364
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $67,324
Excess earned income credit (refundable) [7] $52,772
Alternative minimum tax $0
Income tax [8] $12,166
Total tax liability [9] $33,624
Tax due at time of filing [10] $9,008
Overpayments refunded [11] ($168,476)

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

Number of returns [1] 247
Number of joint returns 43
Number of returns with paid preparer's signature 126
Number of exemptions 384
Number of dependents 64
Adjust gross income (AGI) [2] $4,239,357
Salaries and wages $3,182,552
Taxable interest $169,037
Ordinary dividends $145,873
Business or professional net income (less loss) $238,786
Net capital gain (less loss) ($41,178)
Taxable individual retirement arrangements distributions $174,783
Taxable pensions and annuities $597,892
Unemployment compensation [3] $92,175
Taxable Social Security benefits $12,580
Self-employment retirement plans $0
Total itemized deductions [4] $1,108,691
State and local income taxes $56,127
State and local general sales tax $7,891
Real estate taxes $111,215
Taxes paid $182,810
Mortgage interest paid $378,031
Contributions $68,543
Taxable income $1,241,588
Total tax credits [5] $13,344
Residential energy tax credit $0
Child tax credit $2,187
Child and dependent care credit $0
Earned income credit [6] $170,649
Excess earned income credit (refundable) [7] $156,101
Alternative minimum tax $0
Income tax [8] $122,755
Total tax liability [9] $173,001
Tax due at time of filing [10] $24,335
Overpayments refunded [11] ($434,408)

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

Number of returns [1] 309
Number of joint returns 70
Number of returns with paid preparer's signature 126
Number of exemptions 525
Number of dependents 89
Adjust gross income (AGI) [2] $11,222,593
Salaries and wages $8,689,164
Taxable interest $230,804
Ordinary dividends $118,798
Business or professional net income (less loss) $205,380
Net capital gain (less loss) ($5,529)
Taxable individual retirement arrangements distributions $149,770
Taxable pensions and annuities $1,375,975
Unemployment compensation [3] $105,219
Taxable Social Security benefits $310,616
Self-employment retirement plans $0
Total itemized deductions [4] $1,956,902
State and local income taxes $206,256
State and local general sales tax $11,732
Real estate taxes $197,500
Taxes paid $550,172
Mortgage interest paid $806,680
Contributions $192,157
Taxable income $6,107,069
Total tax credits [5] $85,680
Residential energy tax credit $0
Child tax credit $53,834
Child and dependent care credit $11,157
Earned income credit [6] $50,062
Excess earned income credit (refundable) [7] $43,154
Alternative minimum tax $0
Income tax [8] $693,850
Total tax liability [9] $764,064
Tax due at time of filing [10] $69,779
Overpayments refunded [11] ($595,984)

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

Number of returns [1] 197
Number of joint returns 96
Number of returns with paid preparer's signature 116
Number of exemptions 407
Number of dependents 61
Adjust gross income (AGI) [2] $12,165,936
Salaries and wages $8,836,324
Taxable interest $293,113
Ordinary dividends $132,158
Business or professional net income (less loss) $413,591
Net capital gain (less loss) $17,192
Taxable individual retirement arrangements distributions $235,306
Taxable pensions and annuities $1,693,751
Unemployment compensation [3] $46,619
Taxable Social Security benefits $721,527
Self-employment retirement plans $0
Total itemized deductions [4] $2,669,213
State and local income taxes $425,716
State and local general sales tax $0
Real estate taxes $291,812
Taxes paid $727,086
Mortgage interest paid $1,193,379
Contributions $247,478
Taxable income $7,445,692
Total tax credits [5] $91,618
Residential energy tax credit $0
Child tax credit $62,709
Child and dependent care credit $9,511
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $989,740
Total tax liability [9] $1,066,965
Tax due at time of filing [10] $107,094
Overpayments refunded [11] ($466,039)

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

Number of returns [1] 156
Number of joint returns 115
Number of returns with paid preparer's signature 94
Number of exemptions 399
Number of dependents 69
Adjust gross income (AGI) [2] $13,510,839
Salaries and wages $9,441,137
Taxable interest $396,232
Ordinary dividends $303,256
Business or professional net income (less loss) $411,788
Net capital gain (less loss) $37,414
Taxable individual retirement arrangements distributions $202,715
Taxable pensions and annuities $1,801,254
Unemployment compensation [3] $0
Taxable Social Security benefits $624,095
Self-employment retirement plans $0
Total itemized deductions [4] $2,915,915
State and local income taxes $710,049
State and local general sales tax $0
Real estate taxes $338,990
Taxes paid $1,060,961
Mortgage interest paid $1,159,627
Contributions $306,302
Taxable income $8,843,586
Total tax credits [5] $114,667
Residential energy tax credit $0
Child tax credit $83,767
Child and dependent care credit $0
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $1,185,935
Total tax liability [9] $1,269,226
Tax due at time of filing [10] $73,810
Overpayments refunded [11] ($530,777)

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

Number of returns [1] 312
Number of joint returns 262
Number of returns with paid preparer's signature 162
Number of exemptions 844
Number of dependents 141
Adjust gross income (AGI) [2] $43,585,559
Salaries and wages $34,136,670
Taxable interest $633,268
Ordinary dividends $452,402
Business or professional net income (less loss) $1,532,533
Net capital gain (less loss) $53,476
Taxable individual retirement arrangements distributions $704,783
Taxable pensions and annuities $4,380,702
Unemployment compensation [3] $0
Taxable Social Security benefits $703,078
Self-employment retirement plans $555,716
Total itemized deductions [4] $9,972,906
State and local income taxes $2,691,681
State and local general sales tax $0
Real estate taxes $1,123,713
Taxes paid $3,865,247
Mortgage interest paid $4,412,928
Contributions $967,611
Taxable income $30,527,263
Total tax credits [5] $107,809
Residential energy tax credit $0
Child tax credit $74,178
Child and dependent care credit $19,957
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $36,224
Income tax [8] $5,504,626
Total tax liability [9] $5,764,038
Tax due at time of filing [10] $434,992
Overpayments refunded [11] ($904,676)

Adjusted Gross Income: $200,000 or more

Number of returns [1] 108
Number of joint returns 98
Number of returns with paid preparer's signature 77
Number of exemptions 320
Number of dependents 60
Adjust gross income (AGI) [2] $46,646,277
Salaries and wages $28,502,492
Taxable interest $769,499
Ordinary dividends $1,243,256
Business or professional net income (less loss) $1,684,643
Net capital gain (less loss) $1,281,420
Taxable individual retirement arrangements distributions $75,072
Taxable pensions and annuities $1,345,242
Unemployment compensation [3] $0
Taxable Social Security benefits $390,830
Self-employment retirement plans $0
Total itemized deductions [4] $8,706,878
State and local income taxes $3,624,128
State and local general sales tax $0
Real estate taxes $725,441
Taxes paid $4,376,608
Mortgage interest paid $2,871,136
Contributions $807,774
Taxable income $36,990,829
Total tax credits [5] $17,553
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $7,728
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $498,213
Income tax [8] $10,505,438
Total tax liability [9] $10,890,006
Tax due at time of filing [10] $548,906
Overpayments refunded [11] ($531,241)

[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.