Home » Florida » ORANGE County » ZIP Code 32877 » Tax Stats

32877 Income Tax Overview

Total Number of Tax Returns for ZIP Code 32877 [1]	744
Total Number of Joint Tax Returns for ZIP Code 32877	164
Total Number of Dependents for ZIP Code 32877	325
Total Adjusted Gross Income for ZIP Code 32877	22,055,388
Average Income per Person for ZIP Code 32877	$22,055,388

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]	136
Number of joint returns	15
Number of returns with paid preparer's signature	71
Number of exemptions	180
Number of dependents	36
Adjust gross income (AGI) [2]	$603,814
Salaries and wages	$675,802
Taxable interest	$18,120
Ordinary dividends	$18,614
Business or professional net income (less loss)	$40,012
Net capital gain (less loss)	($34,869)
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]	$192,777
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$26,613
Taxes paid	$31,429
Mortgage interest paid	$122,594
Contributions	$0
Taxable income	$14,770
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$86,599
Excess earned income credit (refundable) [7]	$74,006
Alternative minimum tax	$0
Income tax [8]	$1,528
Total tax liability [9]	$19,813
Tax due at time of filing [10]	$4,525
Overpayments refunded [11]	($149,823)

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

Number of returns [1]	270
Number of joint returns	42
Number of returns with paid preparer's signature	150
Number of exemptions	517
Number of dependents	132
Adjust gross income (AGI) [2]	$4,701,318
Salaries and wages	$4,082,393
Taxable interest	$41,077
Ordinary dividends	$0
Business or professional net income (less loss)	$338,613
Net capital gain (less loss)	$1,415
Taxable individual retirement arrangements distributions	$25,485
Taxable pensions and annuities	$219,355
Unemployment compensation [3]	$90,996
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$553,249
State and local income taxes	$13,414
State and local general sales tax	$13,482
Real estate taxes	$83,177
Taxes paid	$103,519
Mortgage interest paid	$195,641
Contributions	$50,244
Taxable income	$1,161,663
Total tax credits [5]	$25,729
Residential energy tax credit	$0
Child tax credit	$10,922
Child and dependent care credit	$0
Earned income credit [6]	$408,001
Excess earned income credit (refundable) [7]	$353,544
Alternative minimum tax	$0
Income tax [8]	$101,416
Total tax liability [9]	$166,468
Tax due at time of filing [10]	$16,481
Overpayments refunded [11]	($723,812)

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

Number of returns [1]	222
Number of joint returns	45
Number of returns with paid preparer's signature	112
Number of exemptions	434
Number of dependents	104
Adjust gross income (AGI) [2]	$7,926,123
Salaries and wages	$7,379,406
Taxable interest	$49,165
Ordinary dividends	$4,620
Business or professional net income (less loss)	$16,785
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$313,681
Unemployment compensation [3]	$66,994
Taxable Social Security benefits	$84,000
Self-employment retirement plans	$0
Total itemized deductions [4]	$983,908
State and local income taxes	$0
State and local general sales tax	$38,710
Real estate taxes	$140,780
Taxes paid	$188,211
Mortgage interest paid	$472,674
Contributions	$80,757
Taxable income	$4,236,163
Total tax credits [5]	$121,585
Residential energy tax credit	$0
Child tax credit	$71,206
Child and dependent care credit	$11,384
Earned income credit [6]	$61,107
Excess earned income credit (refundable) [7]	$53,914
Alternative minimum tax	$0
Income tax [8]	$413,964
Total tax liability [9]	$432,907
Tax due at time of filing [10]	$22,173
Overpayments refunded [11]	($548,972)

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

Number of returns [1]	71
Number of joint returns	31
Number of returns with paid preparer's signature	36
Number of exemptions	152
Number of dependents	33
Adjust gross income (AGI) [2]	$4,281,366
Salaries and wages	$3,655,203
Taxable interest	$28,666
Ordinary dividends	$0
Business or professional net income (less loss)	($2,825)
Net capital gain (less loss)	($26,869)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$206,458
Unemployment compensation [3]	$0
Taxable Social Security benefits	$180,402
Self-employment retirement plans	$0
Total itemized deductions [4]	$621,829
State and local income taxes	$0
State and local general sales tax	$29,045
Real estate taxes	$62,686
Taxes paid	$105,253
Mortgage interest paid	$257,590
Contributions	$52,131
Taxable income	$2,785,385
Total tax credits [5]	$33,744
Residential energy tax credit	$0
Child tax credit	$35,350
Child and dependent care credit	$4,899
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$372,026
Total tax liability [9]	$379,663
Tax due at time of filing [10]	$28,276
Overpayments refunded [11]	($156,094)

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

Number of returns [1]	29
Number of joint returns	20
Number of returns with paid preparer's signature	26
Number of exemptions	70
Number of dependents	20
Adjust gross income (AGI) [2]	$2,540,514
Salaries and wages	$2,124,576
Taxable interest	$5,643
Ordinary dividends	$0
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$68,273
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$514,529
State and local income taxes	$0
State and local general sales tax	$25,733
Real estate taxes	$85,190
Taxes paid	$86,492
Mortgage interest paid	$334,766
Contributions	$63,346
Taxable income	$1,718,628
Total tax credits [5]	$22,066
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]	$249,562
Total tax liability [9]	$271,617
Tax due at time of filing [10]	$31,186
Overpayments refunded [11]	($103,570)

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

Number of returns [1]	16
Number of joint returns	11
Number of returns with paid preparer's signature	0
Number of exemptions	38
Number of dependents	0
Adjust gross income (AGI) [2]	$2,002,253
Salaries and wages	$1,711,714
Taxable interest	$0
Ordinary dividends	$0
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$0
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]	$0
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$0
Mortgage interest paid	$0
Contributions	$0
Taxable income	$1,521,052
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]	$278,831
Total tax liability [9]	$281,014
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($57,508)

[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.