Home » Florida » ORANGE County » ZIP Code 32833 » Tax Stats

32833 Income Tax Overview

Total Number of Tax Returns for ZIP Code 32833 [1]	3,917
Total Number of Joint Tax Returns for ZIP Code 32833	1,764
Total Number of Dependents for ZIP Code 32833	1,585
Total Adjusted Gross Income for ZIP Code 32833	187,606,131
Average Income per Person for ZIP Code 32833	$20,301

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]	649
Number of joint returns	96
Number of returns with paid preparer's signature	293
Number of exemptions	808
Number of dependents	148
Adjust gross income (AGI) [2]	$1,724,644
Salaries and wages	$3,623,597
Taxable interest	$166,156
Ordinary dividends	$57,032
Business or professional net income (less loss)	($664,370)
Net capital gain (less loss)	$26,602
Taxable individual retirement arrangements distributions	$45,292
Taxable pensions and annuities	$276,635
Unemployment compensation [3]	$103,374
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,382,787
State and local income taxes	$0
State and local general sales tax	$8,805
Real estate taxes	$231,705
Taxes paid	$246,563
Mortgage interest paid	$848,406
Contributions	$28,243
Taxable income	$131,423
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$301,072
Excess earned income credit (refundable) [7]	$264,664
Alternative minimum tax	$0
Income tax [8]	$13,081
Total tax liability [9]	$70,196
Tax due at time of filing [10]	$17,214
Overpayments refunded [11]	($677,485)

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

Number of returns [1]	882
Number of joint returns	191
Number of returns with paid preparer's signature	422
Number of exemptions	1,628
Number of dependents	349
Adjust gross income (AGI) [2]	$15,072,931
Salaries and wages	$12,227,539
Taxable interest	$217,035
Ordinary dividends	$25,555
Business or professional net income (less loss)	$951,456
Net capital gain (less loss)	($4,473)
Taxable individual retirement arrangements distributions	$252,791
Taxable pensions and annuities	$1,335,900
Unemployment compensation [3]	$367,056
Taxable Social Security benefits	$39,582
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,683,837
State and local income taxes	$7,807
State and local general sales tax	$44,399
Real estate taxes	$402,291
Taxes paid	$461,029
Mortgage interest paid	$1,547,336
Contributions	$109,703
Taxable income	$3,779,572
Total tax credits [5]	$77,689
Residential energy tax credit	$0
Child tax credit	$26,194
Child and dependent care credit	$5,836
Earned income credit [6]	$1,051,548
Excess earned income credit (refundable) [7]	$925,273
Alternative minimum tax	$0
Income tax [8]	$333,379
Total tax liability [9]	$507,160
Tax due at time of filing [10]	$53,729
Overpayments refunded [11]	($2,105,267)

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

Number of returns [1]	923
Number of joint returns	340
Number of returns with paid preparer's signature	463
Number of exemptions	1,866
Number of dependents	348
Adjust gross income (AGI) [2]	$33,050,157
Salaries and wages	$27,946,803
Taxable interest	$497,805
Ordinary dividends	$208,711
Business or professional net income (less loss)	$385,074
Net capital gain (less loss)	$12,092
Taxable individual retirement arrangements distributions	$405,508
Taxable pensions and annuities	$3,014,834
Unemployment compensation [3]	$267,585
Taxable Social Security benefits	$671,821
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,052,873
State and local income taxes	$20,590
State and local general sales tax	$208,117
Real estate taxes	$855,343
Taxes paid	$1,117,104
Mortgage interest paid	$3,275,799
Contributions	$415,792
Taxable income	$16,045,858
Total tax credits [5]	$296,989
Residential energy tax credit	$0
Child tax credit	$202,669
Child and dependent care credit	$21,266
Earned income credit [6]	$243,830
Excess earned income credit (refundable) [7]	$211,534
Alternative minimum tax	$0
Income tax [8]	$1,701,587
Total tax liability [9]	$1,823,343
Tax due at time of filing [10]	$112,660
Overpayments refunded [11]	($2,196,273)

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

Number of returns [1]	584
Number of joint returns	377
Number of returns with paid preparer's signature	283
Number of exemptions	1,434
Number of dependents	258
Adjust gross income (AGI) [2]	$36,083,942
Salaries and wages	$30,608,892
Taxable interest	$276,545
Ordinary dividends	$112,836
Business or professional net income (less loss)	$116,879
Net capital gain (less loss)	$71,783
Taxable individual retirement arrangements distributions	$526,929
Taxable pensions and annuities	$3,064,807
Unemployment compensation [3]	$209,998
Taxable Social Security benefits	$1,157,704
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,042,653
State and local income taxes	$72,213
State and local general sales tax	$300,180
Real estate taxes	$1,165,206
Taxes paid	$1,590,686
Mortgage interest paid	$5,616,463
Contributions	$670,412
Taxable income	$20,934,131
Total tax credits [5]	$369,348
Residential energy tax credit	$0
Child tax credit	$293,240
Child and dependent care credit	$16,995
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,557,805
Total tax liability [9]	$2,662,556
Tax due at time of filing [10]	$161,425
Overpayments refunded [11]	($1,832,514)

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

Number of returns [1]	413
Number of joint returns	350
Number of returns with paid preparer's signature	193
Number of exemptions	1,165
Number of dependents	232
Adjust gross income (AGI) [2]	$35,714,692
Salaries and wages	$30,890,900
Taxable interest	$281,919
Ordinary dividends	$140,503
Business or professional net income (less loss)	$241,283
Net capital gain (less loss)	$265,365
Taxable individual retirement arrangements distributions	$453,548
Taxable pensions and annuities	$2,413,433
Unemployment compensation [3]	$98,998
Taxable Social Security benefits	$803,153
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,343,059
State and local income taxes	$82,739
State and local general sales tax	$324,643
Real estate taxes	$1,052,940
Taxes paid	$1,515,697
Mortgage interest paid	$4,368,506
Contributions	$557,431
Taxable income	$23,158,920
Total tax credits [5]	$392,644
Residential energy tax credit	$0
Child tax credit	$299,183
Child and dependent care credit	$35,024
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,947,756
Total tax liability [9]	$3,062,942
Tax due at time of filing [10]	$124,827
Overpayments refunded [11]	($1,408,470)

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

Number of returns [1]	432
Number of joint returns	379
Number of returns with paid preparer's signature	208
Number of exemptions	1,241
Number of dependents	230
Adjust gross income (AGI) [2]	$56,857,355
Salaries and wages	$48,149,600
Taxable interest	$462,814
Ordinary dividends	$254,911
Business or professional net income (less loss)	$957,019
Net capital gain (less loss)	$295,681
Taxable individual retirement arrangements distributions	$1,678,376
Taxable pensions and annuities	$4,400,437
Unemployment compensation [3]	$44,969
Taxable Social Security benefits	$676,533
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,732,297
State and local income taxes	$126,682
State and local general sales tax	$544,535
Real estate taxes	$1,454,561
Taxes paid	$2,181,178
Mortgage interest paid	$5,599,592
Contributions	$929,093
Taxable income	$41,903,290
Total tax credits [5]	$267,229
Residential energy tax credit	$0
Child tax credit	$154,506
Child and dependent care credit	$26,871
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$30,915
Income tax [8]	$7,268,609
Total tax liability [9]	$7,509,713
Tax due at time of filing [10]	$485,098
Overpayments refunded [11]	($1,629,753)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	34
Number of joint returns	31
Number of returns with paid preparer's signature	20
Number of exemptions	104
Number of dependents	20
Adjust gross income (AGI) [2]	$9,102,410
Salaries and wages	$6,003,243
Taxable interest	$106,955
Ordinary dividends	$24,085
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$231,708
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$991,330
State and local income taxes	$0
State and local general sales tax	$61,267
Real estate taxes	$197,485
Taxes paid	$260,212
Mortgage interest paid	$548,118
Contributions	$151,877
Taxable income	$7,686,890
Total tax credits [5]	$0
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	$0
Income tax [8]	$1,827,801
Total tax liability [9]	$1,857,525
Tax due at time of filing [10]	$231,015
Overpayments refunded [11]	$0

[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.