Home » Florida » HILLSBOROUGH County » ZIP Code 33510 » Tax Stats

33510 Income Tax Overview

Total Number of Tax Returns for ZIP Code 33510 [1]	12,684
Total Number of Joint Tax Returns for ZIP Code 33510	4,412
Total Number of Dependents for ZIP Code 33510	4,793
Total Adjusted Gross Income for ZIP Code 33510	558,526,332
Average Income per Person for ZIP Code 33510	$20,229

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]	2,024
Number of joint returns	180
Number of returns with paid preparer's signature	772
Number of exemptions	2,100
Number of dependents	330
Adjust gross income (AGI) [2]	$8,476,496
Salaries and wages	$9,197,066
Taxable interest	$343,077
Ordinary dividends	$149,561
Business or professional net income (less loss)	($40,563)
Net capital gain (less loss)	($53,643)
Taxable individual retirement arrangements distributions	$294,808
Taxable pensions and annuities	$732,795
Unemployment compensation [3]	$252,697
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,817,665
State and local income taxes	$0
State and local general sales tax	$30,954
Real estate taxes	$245,986
Taxes paid	$294,317
Mortgage interest paid	$940,253
Contributions	$55,482
Taxable income	$449,998
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$700,122
Excess earned income credit (refundable) [7]	$611,674
Alternative minimum tax	$0
Income tax [8]	$44,331
Total tax liability [9]	$286,861
Tax due at time of filing [10]	$63,401
Overpayments refunded [11]	($1,636,846)

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

Number of returns [1]	3,174
Number of joint returns	464
Number of returns with paid preparer's signature	1,543
Number of exemptions	5,435
Number of dependents	1,191
Adjust gross income (AGI) [2]	$54,831,197
Salaries and wages	$44,477,430
Taxable interest	$931,104
Ordinary dividends	$308,697
Business or professional net income (less loss)	$2,880,607
Net capital gain (less loss)	($68,350)
Taxable individual retirement arrangements distributions	$819,479
Taxable pensions and annuities	$3,447,404
Unemployment compensation [3]	$1,068,759
Taxable Social Security benefits	$159,632
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,179,895
State and local income taxes	$11,077
State and local general sales tax	$126,069
Real estate taxes	$469,659
Taxes paid	$613,840
Mortgage interest paid	$1,975,231
Contributions	$339,877
Taxable income	$15,746,213
Total tax credits [5]	$312,942
Residential energy tax credit	$0
Child tax credit	$114,874
Child and dependent care credit	$47,813
Earned income credit [6]	$3,563,200
Excess earned income credit (refundable) [7]	$3,207,550
Alternative minimum tax	$12,452
Income tax [8]	$1,415,624
Total tax liability [9]	$1,967,935
Tax due at time of filing [10]	$154,025
Overpayments refunded [11]	($7,952,611)

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

Number of returns [1]	3,536
Number of joint returns	937
Number of returns with paid preparer's signature	1,519
Number of exemptions	6,853
Number of dependents	1,416
Adjust gross income (AGI) [2]	$127,944,944
Salaries and wages	$111,553,777
Taxable interest	$1,576,142
Ordinary dividends	$666,168
Business or professional net income (less loss)	$1,284,746
Net capital gain (less loss)	$30,504
Taxable individual retirement arrangements distributions	$2,311,359
Taxable pensions and annuities	$7,677,603
Unemployment compensation [3]	$862,742
Taxable Social Security benefits	$2,336,050
Self-employment retirement plans	$0
Total itemized deductions [4]	$14,793,020
State and local income taxes	$66,810
State and local general sales tax	$625,075
Real estate taxes	$1,787,763
Taxes paid	$2,549,773
Mortgage interest paid	$7,682,099
Contributions	$1,351,751
Taxable income	$69,973,760
Total tax credits [5]	$1,514,294
Residential energy tax credit	$27,056
Child tax credit	$955,397
Child and dependent care credit	$166,278
Earned income credit [6]	$893,661
Excess earned income credit (refundable) [7]	$766,552
Alternative minimum tax	$0
Income tax [8]	$7,366,913
Total tax liability [9]	$7,814,272
Tax due at time of filing [10]	$429,590
Overpayments refunded [11]	($8,245,570)

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

Number of returns [1]	1,868
Number of joint returns	1,084
Number of returns with paid preparer's signature	842
Number of exemptions	4,341
Number of dependents	797
Adjust gross income (AGI) [2]	$114,910,493
Salaries and wages	$97,457,211
Taxable interest	$1,450,316
Ordinary dividends	$665,800
Business or professional net income (less loss)	$1,001,247
Net capital gain (less loss)	($57,286)
Taxable individual retirement arrangements distributions	$2,070,137
Taxable pensions and annuities	$8,351,129
Unemployment compensation [3]	$495,783
Taxable Social Security benefits	$3,309,731
Self-employment retirement plans	$37,744
Total itemized deductions [4]	$16,893,397
State and local income taxes	$119,208
State and local general sales tax	$825,115
Real estate taxes	$2,073,388
Taxes paid	$3,096,024
Mortgage interest paid	$8,513,184
Contributions	$1,919,346
Taxable income	$74,076,614
Total tax credits [5]	$1,176,950
Residential energy tax credit	$0
Child tax credit	$910,745
Child and dependent care credit	$83,427
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,491,025
Total tax liability [9]	$9,856,962
Tax due at time of filing [10]	$515,964
Overpayments refunded [11]	($4,768,345)

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

Number of returns [1]	1,074
Number of joint returns	852
Number of returns with paid preparer's signature	455
Number of exemptions	2,822
Number of dependents	522
Adjust gross income (AGI) [2]	$92,801,398
Salaries and wages	$77,631,781
Taxable interest	$1,185,769
Ordinary dividends	$741,271
Business or professional net income (less loss)	$1,117,526
Net capital gain (less loss)	$187,141
Taxable individual retirement arrangements distributions	$1,881,462
Taxable pensions and annuities	$6,707,325
Unemployment compensation [3]	$274,075
Taxable Social Security benefits	$2,596,233
Self-employment retirement plans	$0
Total itemized deductions [4]	$12,176,894
State and local income taxes	$92,098
State and local general sales tax	$715,539
Real estate taxes	$1,588,342
Taxes paid	$2,432,482
Mortgage interest paid	$6,403,468
Contributions	$1,584,774
Taxable income	$65,954,921
Total tax credits [5]	$800,361
Residential energy tax credit	$13,793
Child tax credit	$597,744
Child and dependent care credit	$68,445
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,107,423
Total tax liability [9]	$9,406,582
Tax due at time of filing [10]	$514,128
Overpayments refunded [11]	($2,746,230)

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

Number of returns [1]	900
Number of joint returns	799
Number of returns with paid preparer's signature	405
Number of exemptions	2,556
Number of dependents	481
Adjust gross income (AGI) [2]	$115,157,550
Salaries and wages	$95,064,139
Taxable interest	$1,774,468
Ordinary dividends	$1,157,397
Business or professional net income (less loss)	$1,350,312
Net capital gain (less loss)	$843,433
Taxable individual retirement arrangements distributions	$2,456,922
Taxable pensions and annuities	$8,324,964
Unemployment compensation [3]	$132,978
Taxable Social Security benefits	$1,855,896
Self-employment retirement plans	$0
Total itemized deductions [4]	$14,130,570
State and local income taxes	$186,403
State and local general sales tax	$893,963
Real estate taxes	$1,887,101
Taxes paid	$2,968,942
Mortgage interest paid	$6,670,557
Contributions	$2,552,395
Taxable income	$88,989,836
Total tax credits [5]	$481,309
Residential energy tax credit	$0
Child tax credit	$309,654
Child and dependent care credit	$62,753
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$44,469
Income tax [8]	$15,530,583
Total tax liability [9]	$15,853,124
Tax due at time of filing [10]	$1,161,578
Overpayments refunded [11]	($2,363,783)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	108
Number of joint returns	96
Number of returns with paid preparer's signature	73
Number of exemptions	317
Number of dependents	56
Adjust gross income (AGI) [2]	$44,404,254
Salaries and wages	$21,604,553
Taxable interest	$1,390,657
Ordinary dividends	$653,638
Business or professional net income (less loss)	$100,109
Net capital gain (less loss)	$5,720,152
Taxable individual retirement arrangements distributions	$289,190
Taxable pensions and annuities	$1,196,184
Unemployment compensation [3]	$0
Taxable Social Security benefits	$412,006
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,772,171
State and local income taxes	$0
State and local general sales tax	$195,236
Real estate taxes	$605,119
Taxes paid	$861,611
Mortgage interest paid	$1,071,030
Contributions	$726,051
Taxable income	$38,388,572
Total tax credits [5]	$25,475
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$7,185
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$199,398
Income tax [8]	$9,218,802
Total tax liability [9]	$9,325,241
Tax due at time of filing [10]	$1,563,102
Overpayments refunded [11]	($506,527)

[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.