Home » Virginia » VIRGINIA BEACH CITY County » ZIP Code 23453 » Tax Stats

23453 Income Tax Overview

Total Number of Tax Returns for ZIP Code 23453 [1]	16,172
Total Number of Joint Tax Returns for ZIP Code 23453	6,184
Total Number of Dependents for ZIP Code 23453	7,095
Total Adjusted Gross Income for ZIP Code 23453	701,383,521
Average Income per Person for ZIP Code 23453	$19,505

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]	2,560
Number of joint returns	126
Number of returns with paid preparer's signature	932
Number of exemptions	2,401
Number of dependents	494
Adjust gross income (AGI) [2]	$12,184,716
Salaries and wages	$13,173,604
Taxable interest	$231,905
Ordinary dividends	$78,752
Business or professional net income (less loss)	$561,736
Net capital gain (less loss)	($58,116)
Taxable individual retirement arrangements distributions	$81,477
Taxable pensions and annuities	$596,383
Unemployment compensation [3]	$100,444
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,010,380
State and local income taxes	$70,524
State and local general sales tax	$15,780
Real estate taxes	$251,853
Taxes paid	$352,342
Mortgage interest paid	$1,215,105
Contributions	$44,758
Taxable income	$691,105
Total tax credits [5]	$1,666
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,112,511
Excess earned income credit (refundable) [7]	$1,016,427
Alternative minimum tax	$0
Income tax [8]	$67,058
Total tax liability [9]	$237,451
Tax due at time of filing [10]	$59,020
Overpayments refunded [11]	($2,077,782)

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

Number of returns [1]	3,770
Number of joint returns	516
Number of returns with paid preparer's signature	1,651
Number of exemptions	6,407
Number of dependents	1,389
Adjust gross income (AGI) [2]	$65,606,285
Salaries and wages	$58,559,194
Taxable interest	$389,577
Ordinary dividends	$112,101
Business or professional net income (less loss)	$2,467,898
Net capital gain (less loss)	$23,606
Taxable individual retirement arrangements distributions	$333,352
Taxable pensions and annuities	$3,768,451
Unemployment compensation [3]	$774,294
Taxable Social Security benefits	$88,372
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,583,304
State and local income taxes	$262,048
State and local general sales tax	$56,376
Real estate taxes	$726,131
Taxes paid	$1,125,216
Mortgage interest paid	$4,238,407
Contributions	$543,538
Taxable income	$19,228,738
Total tax credits [5]	$385,958
Residential energy tax credit	$0
Child tax credit	$129,237
Child and dependent care credit	$47,785
Earned income credit [6]	$4,177,012
Excess earned income credit (refundable) [7]	$3,848,145
Alternative minimum tax	$0
Income tax [8]	$1,722,684
Total tax liability [9]	$2,195,735
Tax due at time of filing [10]	$184,685
Overpayments refunded [11]	($8,717,025)

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

Number of returns [1]	4,664
Number of joint returns	1,531
Number of returns with paid preparer's signature	1,972
Number of exemptions	10,024
Number of dependents	2,160
Adjust gross income (AGI) [2]	$168,091,561
Salaries and wages	$152,221,195
Taxable interest	$833,828
Ordinary dividends	$325,680
Business or professional net income (less loss)	$1,379,379
Net capital gain (less loss)	$30,981
Taxable individual retirement arrangements distributions	$1,027,315
Taxable pensions and annuities	$10,757,708
Unemployment compensation [3]	$784,628
Taxable Social Security benefits	$1,555,750
Self-employment retirement plans	$0
Total itemized deductions [4]	$29,025,489
State and local income taxes	$2,267,758
State and local general sales tax	$162,550
Real estate taxes	$2,874,519
Taxes paid	$5,619,664
Mortgage interest paid	$16,462,106
Contributions	$2,338,379
Taxable income	$82,367,570
Total tax credits [5]	$2,238,790
Residential energy tax credit	$15,111
Child tax credit	$1,425,060
Child and dependent care credit	$258,982
Earned income credit [6]	$1,402,817
Excess earned income credit (refundable) [7]	$1,240,384
Alternative minimum tax	$0
Income tax [8]	$8,030,670
Total tax liability [9]	$8,528,481
Tax due at time of filing [10]	$434,736
Overpayments refunded [11]	($12,125,201)

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

Number of returns [1]	2,448
Number of joint returns	1,588
Number of returns with paid preparer's signature	1,089
Number of exemptions	6,504
Number of dependents	1,349
Adjust gross income (AGI) [2]	$150,611,663
Salaries and wages	$130,309,236
Taxable interest	$921,234
Ordinary dividends	$475,879
Business or professional net income (less loss)	$1,157,066
Net capital gain (less loss)	$263,004
Taxable individual retirement arrangements distributions	$1,594,630
Taxable pensions and annuities	$13,241,885
Unemployment compensation [3]	$407,389
Taxable Social Security benefits	$3,026,825
Self-employment retirement plans	$0
Total itemized deductions [4]	$31,778,404
State and local income taxes	$3,732,940
State and local general sales tax	$113,542
Real estate taxes	$3,249,888
Taxes paid	$7,441,578
Mortgage interest paid	$17,707,261
Contributions	$3,115,521
Taxable income	$87,551,900
Total tax credits [5]	$2,188,288
Residential energy tax credit	$16,062
Child tax credit	$1,648,555
Child and dependent care credit	$195,666
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,915,495
Total tax liability [9]	$10,392,478
Tax due at time of filing [10]	$535,098
Overpayments refunded [11]	($6,927,113)

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

Number of returns [1]	1,389
Number of joint returns	1,197
Number of returns with paid preparer's signature	600
Number of exemptions	4,135
Number of dependents	839
Adjust gross income (AGI) [2]	$119,909,641
Salaries and wages	$103,897,188
Taxable interest	$552,757
Ordinary dividends	$359,358
Business or professional net income (less loss)	$812,172
Net capital gain (less loss)	$128,631
Taxable individual retirement arrangements distributions	$982,614
Taxable pensions and annuities	$10,772,456
Unemployment compensation [3]	$212,495
Taxable Social Security benefits	$1,881,325
Self-employment retirement plans	$0
Total itemized deductions [4]	$25,952,854
State and local income taxes	$3,944,355
State and local general sales tax	$71,302
Real estate taxes	$2,723,353
Taxes paid	$7,085,325
Mortgage interest paid	$14,276,483
Contributions	$2,482,098
Taxable income	$76,700,590
Total tax credits [5]	$1,555,955
Residential energy tax credit	$5,803
Child tax credit	$1,103,111
Child and dependent care credit	$134,968
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,471,145
Total tax liability [9]	$9,782,857
Tax due at time of filing [10]	$435,593
Overpayments refunded [11]	($3,920,514)

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

Number of returns [1]	1,255
Number of joint returns	1,145
Number of returns with paid preparer's signature	556
Number of exemptions	3,882
Number of dependents	801
Adjust gross income (AGI) [2]	$159,359,368
Salaries and wages	$133,745,611
Taxable interest	$1,003,975
Ordinary dividends	$692,718
Business or professional net income (less loss)	$1,875,844
Net capital gain (less loss)	$1,494,672
Taxable individual retirement arrangements distributions	$1,691,141
Taxable pensions and annuities	$15,441,879
Unemployment compensation [3]	$142,680
Taxable Social Security benefits	$1,376,268
Self-employment retirement plans	$0
Total itemized deductions [4]	$33,160,726
State and local income taxes	$6,666,324
State and local general sales tax	$53,011
Real estate taxes	$3,550,471
Taxes paid	$10,719,674
Mortgage interest paid	$16,961,209
Contributions	$3,637,186
Taxable income	$111,760,127
Total tax credits [5]	$764,816
Residential energy tax credit	$0
Child tax credit	$584,739
Child and dependent care credit	$114,829
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$24,571
Income tax [8]	$18,383,694
Total tax liability [9]	$18,854,101
Tax due at time of filing [10]	$1,343,851
Overpayments refunded [11]	($3,393,847)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	86
Number of joint returns	81
Number of returns with paid preparer's signature	56
Number of exemptions	297
Number of dependents	63
Adjust gross income (AGI) [2]	$25,620,287
Salaries and wages	$17,091,783
Taxable interest	$229,200
Ordinary dividends	$141,348
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$1,411,759
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$1,792,954
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,122,135
State and local income taxes	$1,205,727
State and local general sales tax	$0
Real estate taxes	$407,502
Taxes paid	$1,682,063
Mortgage interest paid	$1,854,639
Contributions	$516,746
Taxable income	$20,568,096
Total tax credits [5]	$14,445
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$10,705
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$249,623
Income tax [8]	$4,823,822
Total tax liability [9]	$4,907,338
Tax due at time of filing [10]	$1,056,687
Overpayments refunded [11]	($323,087)

[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.