Home » South Carolina » RICHLAND County » ZIP Code 29206 » Tax Stats

29206 Income Tax Overview

Total Number of Tax Returns for ZIP Code 29206 [1]	8,882
Total Number of Joint Tax Returns for ZIP Code 29206	3,589
Total Number of Dependents for ZIP Code 29206	3,018
Total Adjusted Gross Income for ZIP Code 29206	737,378,201
Average Income per Person for ZIP Code 29206	$41,454

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]	1,561
Number of joint returns	148
Number of returns with paid preparer's signature	887
Number of exemptions	1,393
Number of dependents	220
Adjust gross income (AGI) [2]	$4,557,780
Salaries and wages	$8,059,192
Taxable interest	$849,146
Ordinary dividends	$1,106,036
Business or professional net income (less loss)	($1,090,719)
Net capital gain (less loss)	$2,121,874
Taxable individual retirement arrangements distributions	$252,600
Taxable pensions and annuities	$609,075
Unemployment compensation [3]	$81,153
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,144,056
State and local income taxes	$336,154
State and local general sales tax	$15,393
Real estate taxes	$319,094
Taxes paid	$845,555
Mortgage interest paid	$1,300,825
Contributions	$41,859
Taxable income	$522,793
Total tax credits [5]	$1,916
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$402,064
Excess earned income credit (refundable) [7]	$364,459
Alternative minimum tax	$0
Income tax [8]	$42,344
Total tax liability [9]	$160,378
Tax due at time of filing [10]	$47,195
Overpayments refunded [11]	($1,613,634)

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

Number of returns [1]	1,598
Number of joint returns	230
Number of returns with paid preparer's signature	892
Number of exemptions	2,704
Number of dependents	558
Adjust gross income (AGI) [2]	$27,567,149
Salaries and wages	$20,341,152
Taxable interest	$1,202,097
Ordinary dividends	$1,157,751
Business or professional net income (less loss)	$1,118,953
Net capital gain (less loss)	($7,746)
Taxable individual retirement arrangements distributions	$763,137
Taxable pensions and annuities	$3,291,339
Unemployment compensation [3]	$262,155
Taxable Social Security benefits	$232,101
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,736,952
State and local income taxes	$146,906
State and local general sales tax	$54,820
Real estate taxes	$306,142
Taxes paid	$577,776
Mortgage interest paid	$1,030,074
Contributions	$376,295
Taxable income	$7,807,087
Total tax credits [5]	$138,113
Residential energy tax credit	$0
Child tax credit	$52,221
Child and dependent care credit	$19,660
Earned income credit [6]	$1,630,230
Excess earned income credit (refundable) [7]	$1,499,886
Alternative minimum tax	$0
Income tax [8]	$681,976
Total tax liability [9]	$932,030
Tax due at time of filing [10]	$155,124
Overpayments refunded [11]	($3,357,166)

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

Number of returns [1]	1,866
Number of joint returns	516
Number of returns with paid preparer's signature	1,055
Number of exemptions	3,594
Number of dependents	647
Adjust gross income (AGI) [2]	$68,155,763
Salaries and wages	$49,928,952
Taxable interest	$2,183,177
Ordinary dividends	$2,228,773
Business or professional net income (less loss)	$1,544,106
Net capital gain (less loss)	$67,692
Taxable individual retirement arrangements distributions	$1,724,382
Taxable pensions and annuities	$7,892,957
Unemployment compensation [3]	$215,849
Taxable Social Security benefits	$2,770,835
Self-employment retirement plans	$0
Total itemized deductions [4]	$10,434,360
State and local income taxes	$1,013,278
State and local general sales tax	$94,185
Real estate taxes	$905,700
Taxes paid	$2,214,834
Mortgage interest paid	$3,153,871
Contributions	$1,445,430
Taxable income	$36,311,722
Total tax credits [5]	$689,014
Residential energy tax credit	$16,452
Child tax credit	$442,365
Child and dependent care credit	$65,753
Earned income credit [6]	$355,903
Excess earned income credit (refundable) [7]	$323,621
Alternative minimum tax	$0
Income tax [8]	$3,767,955
Total tax liability [9]	$4,141,723
Tax due at time of filing [10]	$441,552
Overpayments refunded [11]	($3,857,354)

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

Number of returns [1]	1,146
Number of joint returns	544
Number of returns with paid preparer's signature	655
Number of exemptions	2,408
Number of dependents	398
Adjust gross income (AGI) [2]	$70,523,359
Salaries and wages	$44,772,371
Taxable interest	$2,481,362
Ordinary dividends	$2,531,345
Business or professional net income (less loss)	$1,981,320
Net capital gain (less loss)	$545,952
Taxable individual retirement arrangements distributions	$2,580,773
Taxable pensions and annuities	$9,339,923
Unemployment compensation [3]	$106,868
Taxable Social Security benefits	$5,123,334
Self-employment retirement plans	$0
Total itemized deductions [4]	$12,268,889
State and local income taxes	$2,055,506
State and local general sales tax	$65,465
Real estate taxes	$1,046,536
Taxes paid	$3,459,382
Mortgage interest paid	$4,204,181
Contributions	$1,897,076
Taxable income	$45,451,018
Total tax credits [5]	$633,572
Residential energy tax credit	$0
Child tax credit	$476,492
Child and dependent care credit	$54,039
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,877,151
Total tax liability [9]	$6,320,245
Tax due at time of filing [10]	$662,870
Overpayments refunded [11]	($2,256,564)

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

Number of returns [1]	824
Number of joint returns	566
Number of returns with paid preparer's signature	525
Number of exemptions	1,938
Number of dependents	305
Adjust gross income (AGI) [2]	$71,492,105
Salaries and wages	$45,031,869
Taxable interest	$2,595,239
Ordinary dividends	$3,099,254
Business or professional net income (less loss)	$1,565,139
Net capital gain (less loss)	$1,690,429
Taxable individual retirement arrangements distributions	$2,479,290
Taxable pensions and annuities	$9,913,990
Unemployment compensation [3]	$64,754
Taxable Social Security benefits	$4,810,311
Self-employment retirement plans	$68,948
Total itemized deductions [4]	$14,361,108
State and local income taxes	$2,914,721
State and local general sales tax	$34,877
Real estate taxes	$1,114,343
Taxes paid	$4,447,995
Mortgage interest paid	$4,648,374
Contributions	$2,440,189
Taxable income	$48,351,077
Total tax credits [5]	$564,143
Residential energy tax credit	$0
Child tax credit	$393,893
Child and dependent care credit	$40,385
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$6,578,858
Total tax liability [9]	$6,989,248
Tax due at time of filing [10]	$628,992
Overpayments refunded [11]	($2,169,214)

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

Number of returns [1]	1,251
Number of joint returns	1,025
Number of returns with paid preparer's signature	836
Number of exemptions	3,338
Number of dependents	562
Adjust gross income (AGI) [2]	$170,735,139
Salaries and wages	$107,330,811
Taxable interest	$5,257,248
Ordinary dividends	$8,381,086
Business or professional net income (less loss)	$5,667,000
Net capital gain (less loss)	$3,790,761
Taxable individual retirement arrangements distributions	$6,150,839
Taxable pensions and annuities	$18,782,623
Unemployment compensation [3]	$149,152
Taxable Social Security benefits	$7,031,570
Self-employment retirement plans	$788,824
Total itemized deductions [4]	$33,803,206
State and local income taxes	$8,651,143
State and local general sales tax	$63,423
Real estate taxes	$3,032,027
Taxes paid	$12,601,168
Mortgage interest paid	$10,139,993
Contributions	$6,189,665
Taxable income	$124,289,086
Total tax credits [5]	$567,002
Residential energy tax credit	$0
Child tax credit	$344,965
Child and dependent care credit	$70,234
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$164,352
Income tax [8]	$21,536,103
Total tax liability [9]	$22,920,082
Tax due at time of filing [10]	$2,240,452
Overpayments refunded [11]	($3,661,254)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	636
Number of joint returns	560
Number of returns with paid preparer's signature	549
Number of exemptions	1,862
Number of dependents	328
Adjust gross income (AGI) [2]	$324,346,906
Salaries and wages	$142,524,077
Taxable interest	$9,072,315
Ordinary dividends	$15,847,970
Business or professional net income (less loss)	$10,959,382
Net capital gain (less loss)	$48,386,610
Taxable individual retirement arrangements distributions	$5,641,386
Taxable pensions and annuities	$8,117,337
Unemployment compensation [3]	$0
Taxable Social Security benefits	$3,675,522
Self-employment retirement plans	$2,961,716
Total itemized deductions [4]	$55,854,836
State and local income taxes	$20,024,647
State and local general sales tax	$0
Real estate taxes	$4,150,342
Taxes paid	$25,054,558
Mortgage interest paid	$9,973,778
Contributions	$18,397,826
Taxable income	$263,809,578
Total tax credits [5]	$304,013
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$15,082
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$3,464,702
Income tax [8]	$69,715,753
Total tax liability [9]	$72,032,754
Tax due at time of filing [10]	$8,358,813
Overpayments refunded [11]	($4,856,759)

[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.