Home » Maryland » MONTGOMERY County » BETHESDA, MD » ZIP Code 20814 » Tax Stats

20814 Income Tax Overview

Total Number of Tax Returns for ZIP Code 20814 [1]	14,496
Total Number of Joint Tax Returns for ZIP Code 20814	4,856
Total Number of Dependents for ZIP Code 20814	3,333
Total Adjusted Gross Income for ZIP Code 20814	2,232,947,790
Average Income per Person for ZIP Code 20814	$80,781

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]	1,906
Number of joint returns	118
Number of returns with paid preparer's signature	917
Number of exemptions	1,340
Number of dependents	99
Adjust gross income (AGI) [2]	$3,932,471
Salaries and wages	$9,312,068
Taxable interest	$2,457,910
Ordinary dividends	$2,585,676
Business or professional net income (less loss)	($95,126)
Net capital gain (less loss)	$1,841,105
Taxable individual retirement arrangements distributions	$293,464
Taxable pensions and annuities	$689,738
Unemployment compensation [3]	$76,833
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,358,839
State and local income taxes	$1,296,413
State and local general sales tax	$31,565
Real estate taxes	$899,453
Taxes paid	$2,245,913
Mortgage interest paid	$2,553,049
Contributions	$55,040
Taxable income	$828,826
Total tax credits [5]	$9,384
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$123,343
Excess earned income credit (refundable) [7]	$86,746
Alternative minimum tax	$0
Income tax [8]	$85,332
Total tax liability [9]	$557,604
Tax due at time of filing [10]	$210,283
Overpayments refunded [11]	($2,189,740)

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

Number of returns [1]	1,388
Number of joint returns	117
Number of returns with paid preparer's signature	633
Number of exemptions	1,583
Number of dependents	138
Adjust gross income (AGI) [2]	$23,939,591
Salaries and wages	$16,178,572
Taxable interest	$1,438,008
Ordinary dividends	$1,744,941
Business or professional net income (less loss)	$1,900,490
Net capital gain (less loss)	$216,978
Taxable individual retirement arrangements distributions	$668,651
Taxable pensions and annuities	$2,081,162
Unemployment compensation [3]	$265,758
Taxable Social Security benefits	$251,704
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,646,211
State and local income taxes	$534,763
State and local general sales tax	$58,407
Real estate taxes	$750,800
Taxes paid	$1,372,132
Mortgage interest paid	$1,632,272
Contributions	$242,071
Taxable income	$9,023,652
Total tax credits [5]	$158,342
Residential energy tax credit	$0
Child tax credit	$11,325
Child and dependent care credit	$0
Earned income credit [6]	$217,574
Excess earned income credit (refundable) [7]	$177,072
Alternative minimum tax	$0
Income tax [8]	$818,372
Total tax liability [9]	$1,203,012
Tax due at time of filing [10]	$311,136
Overpayments refunded [11]	($1,664,077)

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

Number of returns [1]	2,368
Number of joint returns	267
Number of returns with paid preparer's signature	998
Number of exemptions	3,005
Number of dependents	276
Adjust gross income (AGI) [2]	$89,275,710
Salaries and wages	$68,450,712
Taxable interest	$3,023,298
Ordinary dividends	$3,190,387
Business or professional net income (less loss)	$3,817,965
Net capital gain (less loss)	$401,492
Taxable individual retirement arrangements distributions	$1,576,897
Taxable pensions and annuities	$6,772,729
Unemployment compensation [3]	$401,701
Taxable Social Security benefits	$2,226,055
Self-employment retirement plans	$195,659
Total itemized deductions [4]	$15,600,122
State and local income taxes	$2,048,439
State and local general sales tax	$107,892
Real estate taxes	$1,850,148
Taxes paid	$4,057,084
Mortgage interest paid	$4,598,164
Contributions	$1,039,441
Taxable income	$56,347,726
Total tax credits [5]	$472,715
Residential energy tax credit	$0
Child tax credit	$131,513
Child and dependent care credit	$15,274
Earned income credit [6]	$90,194
Excess earned income credit (refundable) [7]	$61,429
Alternative minimum tax	$0
Income tax [8]	$7,083,635
Total tax liability [9]	$7,815,842
Tax due at time of filing [10]	$712,058
Overpayments refunded [11]	($3,717,814)

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

Number of returns [1]	2,104
Number of joint returns	318
Number of returns with paid preparer's signature	948
Number of exemptions	2,813
Number of dependents	271
Adjust gross income (AGI) [2]	$129,754,044
Salaries and wages	$96,096,124
Taxable interest	$3,289,724
Ordinary dividends	$4,577,593
Business or professional net income (less loss)	$5,249,004
Net capital gain (less loss)	$589,516
Taxable individual retirement arrangements distributions	$2,331,463
Taxable pensions and annuities	$13,715,301
Unemployment compensation [3]	$264,370
Taxable Social Security benefits	$4,719,866
Self-employment retirement plans	$320,692
Total itemized deductions [4]	$22,378,842
State and local income taxes	$4,741,144
State and local general sales tax	$95,708
Real estate taxes	$2,933,452
Taxes paid	$7,827,964
Mortgage interest paid	$6,798,364
Contributions	$1,781,015
Taxable income	$91,994,707
Total tax credits [5]	$403,677
Residential energy tax credit	$0
Child tax credit	$226,067
Child and dependent care credit	$25,326
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$14,568,219
Total tax liability [9]	$15,509,997
Tax due at time of filing [10]	$967,448
Overpayments refunded [11]	($4,239,204)

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

Number of returns [1]	1,488
Number of joint returns	420
Number of returns with paid preparer's signature	701
Number of exemptions	2,332
Number of dependents	277
Adjust gross income (AGI) [2]	$128,939,706
Salaries and wages	$90,019,362
Taxable interest	$4,147,616
Ordinary dividends	$5,149,805
Business or professional net income (less loss)	$4,623,662
Net capital gain (less loss)	$677,075
Taxable individual retirement arrangements distributions	$3,346,512
Taxable pensions and annuities	$16,049,244
Unemployment compensation [3]	$111,226
Taxable Social Security benefits	$5,284,013
Self-employment retirement plans	$410,595
Total itemized deductions [4]	$27,322,881
State and local income taxes	$7,364,698
State and local general sales tax	$46,290
Real estate taxes	$3,331,706
Taxes paid	$10,844,625
Mortgage interest paid	$8,262,187
Contributions	$2,416,557
Taxable income	$92,207,076
Total tax credits [5]	$485,804
Residential energy tax credit	$0
Child tax credit	$236,344
Child and dependent care credit	$29,290
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$44,515
Income tax [8]	$15,763,629
Total tax liability [9]	$16,701,642
Tax due at time of filing [10]	$855,167
Overpayments refunded [11]	($3,716,761)

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

Number of returns [1]	2,889
Number of joint returns	1,656
Number of returns with paid preparer's signature	1,531
Number of exemptions	6,290
Number of dependents	988
Adjust gross income (AGI) [2]	$409,686,246
Salaries and wages	$288,202,169
Taxable interest	$11,961,960
Ordinary dividends	$18,307,083
Business or professional net income (less loss)	$19,506,830
Net capital gain (less loss)	$5,102,592
Taxable individual retirement arrangements distributions	$10,699,387
Taxable pensions and annuities	$40,423,267
Unemployment compensation [3]	$231,420
Taxable Social Security benefits	$11,218,833
Self-employment retirement plans	$2,763,862
Total itemized deductions [4]	$94,188,538
State and local income taxes	$28,652,106
State and local general sales tax	$124,891
Real estate taxes	$12,087,642
Taxes paid	$41,020,872
Mortgage interest paid	$32,269,981
Contributions	$8,115,260
Taxable income	$292,972,492
Total tax credits [5]	$974,314
Residential energy tax credit	$13,042
Child tax credit	$300,023
Child and dependent care credit	$127,718
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$1,184,285
Income tax [8]	$56,397,654
Total tax liability [9]	$60,041,182
Tax due at time of filing [10]	$3,407,445
Overpayments refunded [11]	($12,255,470)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	2,353
Number of joint returns	1,960
Number of returns with paid preparer's signature	1,598
Number of exemptions	6,788
Number of dependents	1,284
Adjust gross income (AGI) [2]	$1,447,420,022
Salaries and wages	$703,677,317
Taxable interest	$63,669,065
Ordinary dividends	$69,794,795
Business or professional net income (less loss)	$59,075,979
Net capital gain (less loss)	$154,830,713
Taxable individual retirement arrangements distributions	$11,892,421
Taxable pensions and annuities	$31,685,769
Unemployment compensation [3]	$41,215
Taxable Social Security benefits	$7,689,715
Self-employment retirement plans	$17,411,469
Total itemized deductions [4]	$307,245,073
State and local income taxes	$125,524,826
State and local general sales tax	$109,315
Real estate taxes	$21,350,168
Taxes paid	$147,528,814
Mortgage interest paid	$52,408,419
Contributions	$41,166,529
Taxable income	$1,156,712,013
Total tax credits [5]	$8,634,449
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$166,943
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$17,829,805
Income tax [8]	$324,357,014
Total tax liability [9]	$340,161,406
Tax due at time of filing [10]	$24,261,226
Overpayments refunded [11]	($21,337,613)

[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.