Home » South Carolina » GEORGETOWN County » GEORGETOWN, SC » ZIP Code 29440 » Tax Stats

29440 Income Tax Overview

Total Number of Tax Returns for ZIP Code 29440 [1]	11,386
Total Number of Joint Tax Returns for ZIP Code 29440	3,745
Total Number of Dependents for ZIP Code 29440	5,310
Total Adjusted Gross Income for ZIP Code 29440	440,823,738
Average Income per Person for ZIP Code 29440	$15,484

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]	2,581
Number of joint returns	238
Number of returns with paid preparer's signature	1,627
Number of exemptions	3,193
Number of dependents	765
Adjust gross income (AGI) [2]	$11,135,004
Salaries and wages	$11,326,229
Taxable interest	$764,181
Ordinary dividends	$254,693
Business or professional net income (less loss)	$563,743
Net capital gain (less loss)	$252,295
Taxable individual retirement arrangements distributions	$165,443
Taxable pensions and annuities	$775,050
Unemployment compensation [3]	$465,799
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,189,086
State and local income taxes	$63,688
State and local general sales tax	$23,107
Real estate taxes	$141,071
Taxes paid	$242,064
Mortgage interest paid	$890,655
Contributions	$67,829
Taxable income	$356,527
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,779,187
Excess earned income credit (refundable) [7]	$1,610,871
Alternative minimum tax	$0
Income tax [8]	$44,498
Total tax liability [9]	$286,125
Tax due at time of filing [10]	$52,249
Overpayments refunded [11]	($2,609,874)

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

Number of returns [1]	3,700
Number of joint returns	576
Number of returns with paid preparer's signature	2,712
Number of exemptions	7,818
Number of dependents	2,120
Adjust gross income (AGI) [2]	$62,824,279
Salaries and wages	$50,904,367
Taxable interest	$810,148
Ordinary dividends	$400,347
Business or professional net income (less loss)	$2,913,409
Net capital gain (less loss)	$131,936
Taxable individual retirement arrangements distributions	$588,273
Taxable pensions and annuities	$5,783,883
Unemployment compensation [3]	$1,369,490
Taxable Social Security benefits	$287,254
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,932,900
State and local income taxes	$177,654
State and local general sales tax	$41,790
Real estate taxes	$231,597
Taxes paid	$535,793
Mortgage interest paid	$1,269,156
Contributions	$652,619
Taxable income	$12,923,174
Total tax credits [5]	$300,597
Residential energy tax credit	$0
Child tax credit	$193,724
Child and dependent care credit	$21,494
Earned income credit [6]	$6,257,457
Excess earned income credit (refundable) [7]	$5,784,881
Alternative minimum tax	$0
Income tax [8]	$1,077,735
Total tax liability [9]	$1,628,663
Tax due at time of filing [10]	$138,265
Overpayments refunded [11]	($10,159,367)

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

Number of returns [1]	2,501
Number of joint returns	885
Number of returns with paid preparer's signature	1,789
Number of exemptions	5,724
Number of dependents	1,246
Adjust gross income (AGI) [2]	$87,129,879
Salaries and wages	$69,594,658
Taxable interest	$1,249,656
Ordinary dividends	$866,414
Business or professional net income (less loss)	$1,588,486
Net capital gain (less loss)	$114,172
Taxable individual retirement arrangements distributions	$1,315,431
Taxable pensions and annuities	$9,191,154
Unemployment compensation [3]	$465,362
Taxable Social Security benefits	$2,500,853
Self-employment retirement plans	$0
Total itemized deductions [4]	$10,495,139
State and local income taxes	$1,069,258
State and local general sales tax	$63,994
Real estate taxes	$597,065
Taxes paid	$1,947,123
Mortgage interest paid	$3,275,881
Contributions	$1,781,423
Taxable income	$41,751,808
Total tax credits [5]	$1,035,662
Residential energy tax credit	$0
Child tax credit	$783,888
Child and dependent care credit	$73,282
Earned income credit [6]	$909,914
Excess earned income credit (refundable) [7]	$761,509
Alternative minimum tax	$0
Income tax [8]	$4,021,850
Total tax liability [9]	$4,468,816
Tax due at time of filing [10]	$390,495
Overpayments refunded [11]	($5,158,416)

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

Number of returns [1]	1,162
Number of joint returns	764
Number of returns with paid preparer's signature	850
Number of exemptions	2,931
Number of dependents	566
Adjust gross income (AGI) [2]	$71,716,422
Salaries and wages	$52,715,077
Taxable interest	$1,475,675
Ordinary dividends	$908,471
Business or professional net income (less loss)	$1,184,433
Net capital gain (less loss)	$530,602
Taxable individual retirement arrangements distributions	$1,972,318
Taxable pensions and annuities	$8,494,914
Unemployment compensation [3]	$218,876
Taxable Social Security benefits	$4,218,864
Self-employment retirement plans	$106,445
Total itemized deductions [4]	$11,233,543
State and local income taxes	$1,758,727
State and local general sales tax	$41,953
Real estate taxes	$625,244
Taxes paid	$2,690,690
Mortgage interest paid	$3,812,498
Contributions	$2,055,085
Taxable income	$44,624,184
Total tax credits [5]	$823,373
Residential energy tax credit	$0
Child tax credit	$632,472
Child and dependent care credit	$51,579
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,323,361
Total tax liability [9]	$5,638,952
Tax due at time of filing [10]	$470,974
Overpayments refunded [11]	($2,431,832)

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

Number of returns [1]	714
Number of joint returns	615
Number of returns with paid preparer's signature	539
Number of exemptions	1,895
Number of dependents	322
Adjust gross income (AGI) [2]	$61,718,577
Salaries and wages	$43,868,592
Taxable interest	$1,475,480
Ordinary dividends	$1,029,290
Business or professional net income (less loss)	$630,919
Net capital gain (less loss)	$629,674
Taxable individual retirement arrangements distributions	$2,111,781
Taxable pensions and annuities	$7,821,597
Unemployment compensation [3]	$156,020
Taxable Social Security benefits	$3,742,694
Self-employment retirement plans	$0
Total itemized deductions [4]	$11,088,200
State and local income taxes	$2,214,771
State and local general sales tax	$33,684
Real estate taxes	$707,202
Taxes paid	$3,211,546
Mortgage interest paid	$3,792,527
Contributions	$2,359,624
Taxable income	$41,716,167
Total tax credits [5]	$561,486
Residential energy tax credit	$0
Child tax credit	$384,010
Child and dependent care credit	$38,702
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,340,321
Total tax liability [9]	$5,570,623
Tax due at time of filing [10]	$408,206
Overpayments refunded [11]	($1,769,924)

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

Number of returns [1]	563
Number of joint returns	527
Number of returns with paid preparer's signature	444
Number of exemptions	1,501
Number of dependents	234
Adjust gross income (AGI) [2]	$72,484,035
Salaries and wages	$48,257,379
Taxable interest	$2,193,914
Ordinary dividends	$2,062,651
Business or professional net income (less loss)	$1,577,068
Net capital gain (less loss)	$2,405,041
Taxable individual retirement arrangements distributions	$3,459,529
Taxable pensions and annuities	$7,941,631
Unemployment compensation [3]	$108,872
Taxable Social Security benefits	$2,814,103
Self-employment retirement plans	$0
Total itemized deductions [4]	$15,156,920
State and local income taxes	$3,564,523
State and local general sales tax	$22,681
Real estate taxes	$1,200,198
Taxes paid	$5,078,335
Mortgage interest paid	$4,871,151
Contributions	$2,986,034
Taxable income	$51,489,389
Total tax credits [5]	$214,548
Residential energy tax credit	$0
Child tax credit	$157,250
Child and dependent care credit	$31,160
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$37,128
Income tax [8]	$8,380,164
Total tax liability [9]	$8,746,957
Tax due at time of filing [10]	$982,234
Overpayments refunded [11]	($1,486,611)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	165
Number of joint returns	140
Number of returns with paid preparer's signature	146
Number of exemptions	410
Number of dependents	57
Adjust gross income (AGI) [2]	$73,815,542
Salaries and wages	$32,481,234
Taxable interest	$2,672,404
Ordinary dividends	$5,226,403
Business or professional net income (less loss)	$2,660,615
Net capital gain (less loss)	$11,373,474
Taxable individual retirement arrangements distributions	$1,493,580
Taxable pensions and annuities	$4,580,481
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,162,905
Self-employment retirement plans	$379,375
Total itemized deductions [4]	$12,408,865
State and local income taxes	$5,489,983
State and local general sales tax	$0
Real estate taxes	$1,082,938
Taxes paid	$6,718,458
Mortgage interest paid	$2,788,890
Contributions	$2,191,995
Taxable income	$60,197,838
Total tax credits [5]	$106,642
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$958,097
Income tax [8]	$15,389,280
Total tax liability [9]	$15,824,918
Tax due at time of filing [10]	$1,575,336
Overpayments refunded [11]	($1,754,244)

[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.