Home » Virginia » NEWPORT NEWS CITY County » ZIP Code 23605 » Tax Stats

23605 Income Tax Overview

Total Number of Tax Returns for ZIP Code 23605 [1]	6,759
Total Number of Joint Tax Returns for ZIP Code 23605	1,639
Total Number of Dependents for ZIP Code 23605	2,564
Total Adjusted Gross Income for ZIP Code 23605	211,631,294
Average Income per Person for ZIP Code 23605	$15,276

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]	1,119
Number of joint returns	67
Number of returns with paid preparer's signature	400
Number of exemptions	1,405
Number of dependents	293
Adjust gross income (AGI) [2]	$5,694,167
Salaries and wages	$5,347,862
Taxable interest	$124,270
Ordinary dividends	$39,859
Business or professional net income (less loss)	$181,713
Net capital gain (less loss)	($24,299)
Taxable individual retirement arrangements distributions	$52,741
Taxable pensions and annuities	$376,446
Unemployment compensation [3]	$92,112
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$648,124
State and local income taxes	$5,213
State and local general sales tax	$0
Real estate taxes	$63,455
Taxes paid	$81,307
Mortgage interest paid	$255,433
Contributions	$17,040
Taxable income	$175,056
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$681,858
Excess earned income credit (refundable) [7]	$631,060
Alternative minimum tax	$0
Income tax [8]	$16,635
Total tax liability [9]	$83,545
Tax due at time of filing [10]	$9,998
Overpayments refunded [11]	($1,062,350)

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

Number of returns [1]	2,278
Number of joint returns	303
Number of returns with paid preparer's signature	1,005
Number of exemptions	3,937
Number of dependents	889
Adjust gross income (AGI) [2]	$40,341,995
Salaries and wages	$35,268,991
Taxable interest	$518,364
Ordinary dividends	$159,443
Business or professional net income (less loss)	$783,967
Net capital gain (less loss)	($14,284)
Taxable individual retirement arrangements distributions	$406,581
Taxable pensions and annuities	$3,021,368
Unemployment compensation [3]	$426,808
Taxable Social Security benefits	$111,879
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,933,675
State and local income taxes	$78,314
State and local general sales tax	$14,953
Real estate taxes	$173,205
Taxes paid	$290,495
Mortgage interest paid	$801,071
Contributions	$278,320
Taxable income	$12,177,361
Total tax credits [5]	$254,121
Residential energy tax credit	$0
Child tax credit	$111,965
Child and dependent care credit	$29,920
Earned income credit [6]	$2,531,763
Excess earned income credit (refundable) [7]	$2,373,911
Alternative minimum tax	$0
Income tax [8]	$1,075,416
Total tax liability [9]	$1,279,147
Tax due at time of filing [10]	$96,291
Overpayments refunded [11]	($5,270,103)

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

Number of returns [1]	2,127
Number of joint returns	472
Number of returns with paid preparer's signature	891
Number of exemptions	3,974
Number of dependents	861
Adjust gross income (AGI) [2]	$75,412,189
Salaries and wages	$69,116,944
Taxable interest	$413,282
Ordinary dividends	$134,551
Business or professional net income (less loss)	$329,187
Net capital gain (less loss)	$77,664
Taxable individual retirement arrangements distributions	$586,985
Taxable pensions and annuities	$3,751,270
Unemployment compensation [3]	$376,429
Taxable Social Security benefits	$921,499
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,598,402
State and local income taxes	$905,373
State and local general sales tax	$22,283
Real estate taxes	$1,058,178
Taxes paid	$2,351,030
Mortgage interest paid	$3,316,749
Contributions	$1,118,746
Taxable income	$41,681,260
Total tax credits [5]	$905,085
Residential energy tax credit	$0
Child tax credit	$593,694
Child and dependent care credit	$96,521
Earned income credit [6]	$598,417
Excess earned income credit (refundable) [7]	$519,091
Alternative minimum tax	$0
Income tax [8]	$4,390,217
Total tax liability [9]	$4,528,681
Tax due at time of filing [10]	$223,720
Overpayments refunded [11]	($4,693,341)

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

Number of returns [1]	808
Number of joint returns	446
Number of returns with paid preparer's signature	349
Number of exemptions	1,816
Number of dependents	337
Adjust gross income (AGI) [2]	$48,625,731
Salaries and wages	$42,941,307
Taxable interest	$404,911
Ordinary dividends	$123,191
Business or professional net income (less loss)	$278,859
Net capital gain (less loss)	$22,750
Taxable individual retirement arrangements distributions	$521,568
Taxable pensions and annuities	$2,714,643
Unemployment compensation [3]	$95,582
Taxable Social Security benefits	$1,329,522
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,912,267
State and local income taxes	$1,111,236
State and local general sales tax	$0
Real estate taxes	$685,559
Taxes paid	$1,930,599
Mortgage interest paid	$2,937,106
Contributions	$947,668
Taxable income	$31,646,309
Total tax credits [5]	$471,355
Residential energy tax credit	$0
Child tax credit	$369,064
Child and dependent care credit	$30,243
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,083,376
Total tax liability [9]	$4,178,170
Tax due at time of filing [10]	$251,232
Overpayments refunded [11]	($1,686,746)

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

Number of returns [1]	316
Number of joint returns	251
Number of returns with paid preparer's signature	141
Number of exemptions	787
Number of dependents	134
Adjust gross income (AGI) [2]	$26,870,709
Salaries and wages	$22,864,463
Taxable interest	$183,029
Ordinary dividends	$67,415
Business or professional net income (less loss)	$310,493
Net capital gain (less loss)	($2,509)
Taxable individual retirement arrangements distributions	$547,901
Taxable pensions and annuities	$1,911,090
Unemployment compensation [3]	$51,742
Taxable Social Security benefits	$784,354
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,412,319
State and local income taxes	$791,241
State and local general sales tax	$0
Real estate taxes	$412,867
Taxes paid	$1,288,214
Mortgage interest paid	$1,991,558
Contributions	$698,851
Taxable income	$18,633,776
Total tax credits [5]	$204,661
Residential energy tax credit	$0
Child tax credit	$137,317
Child and dependent care credit	$17,902
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,564,120
Total tax liability [9]	$2,639,628
Tax due at time of filing [10]	$155,419
Overpayments refunded [11]	($833,393)

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

Number of returns [1]	111
Number of joint returns	100
Number of returns with paid preparer's signature	61
Number of exemptions	292
Number of dependents	50
Adjust gross income (AGI) [2]	$14,686,503
Salaries and wages	$10,542,726
Taxable interest	$67,161
Ordinary dividends	$11,010
Business or professional net income (less loss)	$185,566
Net capital gain (less loss)	$16,108
Taxable individual retirement arrangements distributions	$117,792
Taxable pensions and annuities	$1,855,234
Unemployment compensation [3]	$0
Taxable Social Security benefits	$286,834
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,354,735
State and local income taxes	$551,174
State and local general sales tax	$0
Real estate taxes	$204,517
Taxes paid	$856,085
Mortgage interest paid	$693,564
Contributions	$447,118
Taxable income	$10,291,399
Total tax credits [5]	$51,454
Residential energy tax credit	$0
Child tax credit	$39,050
Child and dependent care credit	$9,625
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$1,787,713
Total tax liability [9]	$1,906,525
Tax due at time of filing [10]	$223,073
Overpayments refunded [11]	($200,437)

[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.