Home » Florida » SAINT LUCIE County » ZIP Code 34950 » Tax Stats

34950 Income Tax Overview

Total Number of Tax Returns for ZIP Code 34950 [1]	6,131
Total Number of Joint Tax Returns for ZIP Code 34950	1,033
Total Number of Dependents for ZIP Code 34950	3,472
Total Adjusted Gross Income for ZIP Code 34950	158,071,064
Average Income per Person for ZIP Code 34950	$10,240

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]	1,399
Number of joint returns	86
Number of returns with paid preparer's signature	855
Number of exemptions	2,093
Number of dependents	539
Adjust gross income (AGI) [2]	$6,989,982
Salaries and wages	$6,461,227
Taxable interest	$231,914
Ordinary dividends	$141,535
Business or professional net income (less loss)	$773,887
Net capital gain (less loss)	($14,831)
Taxable individual retirement arrangements distributions	$90,918
Taxable pensions and annuities	$244,231
Unemployment compensation [3]	$315,822
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$792,889
State and local income taxes	$0
State and local general sales tax	$10,196
Real estate taxes	$69,864
Taxes paid	$86,266
Mortgage interest paid	$212,013
Contributions	$16,732
Taxable income	$128,963
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,205,400
Excess earned income credit (refundable) [7]	$1,079,639
Alternative minimum tax	$0
Income tax [8]	$12,645
Total tax liability [9]	$172,539
Tax due at time of filing [10]	$22,577
Overpayments refunded [11]	($1,847,298)

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

Number of returns [1]	2,807
Number of joint returns	297
Number of returns with paid preparer's signature	2,009
Number of exemptions	6,194
Number of dependents	1,884
Adjust gross income (AGI) [2]	$46,430,281
Salaries and wages	$39,896,892
Taxable interest	$316,919
Ordinary dividends	$183,320
Business or professional net income (less loss)	$2,293,090
Net capital gain (less loss)	$45,641
Taxable individual retirement arrangements distributions	$308,863
Taxable pensions and annuities	$1,775,314
Unemployment compensation [3]	$1,666,198
Taxable Social Security benefits	$131,725
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,114,222
State and local income taxes	$0
State and local general sales tax	$67,491
Real estate taxes	$180,978
Taxes paid	$278,655
Mortgage interest paid	$669,162
Contributions	$212,496
Taxable income	$8,528,006
Total tax credits [5]	$276,123
Residential energy tax credit	$0
Child tax credit	$161,136
Child and dependent care credit	$12,590
Earned income credit [6]	$5,332,619
Excess earned income credit (refundable) [7]	$4,964,879
Alternative minimum tax	$0
Income tax [8]	$628,968
Total tax liability [9]	$1,024,035
Tax due at time of filing [10]	$85,586
Overpayments refunded [11]	($9,267,026)

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

Number of returns [1]	1,388
Number of joint returns	343
Number of returns with paid preparer's signature	868
Number of exemptions	3,294
Number of dependents	797
Adjust gross income (AGI) [2]	$46,926,438
Salaries and wages	$42,292,596
Taxable interest	$420,120
Ordinary dividends	$199,204
Business or professional net income (less loss)	$156,573
Net capital gain (less loss)	($29,524)
Taxable individual retirement arrangements distributions	$599,024
Taxable pensions and annuities	$2,081,200
Unemployment compensation [3]	$548,822
Taxable Social Security benefits	$622,106
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,804,244
State and local income taxes	$23,594
State and local general sales tax	$211,740
Real estate taxes	$298,663
Taxes paid	$582,587
Mortgage interest paid	$1,547,025
Contributions	$606,583
Taxable income	$22,378,593
Total tax credits [5]	$717,926
Residential energy tax credit	$0
Child tax credit	$479,807
Child and dependent care credit	$42,371
Earned income credit [6]	$613,328
Excess earned income credit (refundable) [7]	$538,693
Alternative minimum tax	$0
Income tax [8]	$2,041,030
Total tax liability [9]	$2,135,509
Tax due at time of filing [10]	$88,938
Overpayments refunded [11]	($4,071,949)

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

Number of returns [1]	315
Number of joint returns	167
Number of returns with paid preparer's signature	185
Number of exemptions	782
Number of dependents	163
Adjust gross income (AGI) [2]	$19,055,480
Salaries and wages	$14,452,535
Taxable interest	$349,003
Ordinary dividends	$281,444
Business or professional net income (less loss)	$288,046
Net capital gain (less loss)	$17,405
Taxable individual retirement arrangements distributions	$438,604
Taxable pensions and annuities	$1,959,927
Unemployment compensation [3]	$131,651
Taxable Social Security benefits	$902,160
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,534,811
State and local income taxes	$33,942
State and local general sales tax	$104,234
Real estate taxes	$161,161
Taxes paid	$297,913
Mortgage interest paid	$786,937
Contributions	$313,029
Taxable income	$11,975,751
Total tax credits [5]	$242,032
Residential energy tax credit	$0
Child tax credit	$186,563
Child and dependent care credit	$18,690
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$1,459,119
Total tax liability [9]	$1,534,877
Tax due at time of filing [10]	$142,525
Overpayments refunded [11]	($879,492)

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

Number of returns [1]	105
Number of joint returns	60
Number of returns with paid preparer's signature	62
Number of exemptions	238
Number of dependents	43
Adjust gross income (AGI) [2]	$8,868,457
Salaries and wages	$6,672,502
Taxable interest	$163,580
Ordinary dividends	$299,402
Business or professional net income (less loss)	($4,668)
Net capital gain (less loss)	$58,083
Taxable individual retirement arrangements distributions	$100,207
Taxable pensions and annuities	$916,519
Unemployment compensation [3]	$0
Taxable Social Security benefits	$334,698
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,306,501
State and local income taxes	$0
State and local general sales tax	$59,822
Real estate taxes	$91,408
Taxes paid	$160,232
Mortgage interest paid	$385,808
Contributions	$209,823
Taxable income	$6,263,734
Total tax credits [5]	$64,006
Residential energy tax credit	$0
Child tax credit	$46,100
Child and dependent care credit	$7,750
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$935,784
Total tax liability [9]	$956,535
Tax due at time of filing [10]	$70,005
Overpayments refunded [11]	($318,942)

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

Number of returns [1]	80
Number of joint returns	53
Number of returns with paid preparer's signature	59
Number of exemptions	180
Number of dependents	27
Adjust gross income (AGI) [2]	$10,103,529
Salaries and wages	$5,861,043
Taxable interest	$546,480
Ordinary dividends	$416,782
Business or professional net income (less loss)	$1,127,180
Net capital gain (less loss)	$234,518
Taxable individual retirement arrangements distributions	$449,289
Taxable pensions and annuities	$1,579,037
Unemployment compensation [3]	$0
Taxable Social Security benefits	$675,634
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,390,663
State and local income taxes	$0
State and local general sales tax	$70,530
Real estate taxes	$270,038
Taxes paid	$387,770
Mortgage interest paid	$571,147
Contributions	$262,381
Taxable income	$7,635,510
Total tax credits [5]	$26,519
Residential energy tax credit	$0
Child tax credit	$17,000
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]	$1,378,635
Total tax liability [9]	$1,451,560
Tax due at time of filing [10]	$255,133
Overpayments refunded [11]	($276,449)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	37
Number of joint returns	27
Number of returns with paid preparer's signature	35
Number of exemptions	100
Number of dependents	19
Adjust gross income (AGI) [2]	$19,696,897
Salaries and wages	$7,714,804
Taxable interest	$896,135
Ordinary dividends	$1,911,650
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$3,174,042
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]	$2,258,868
State and local income taxes	$0
State and local general sales tax	$63,939
Real estate taxes	$238,763
Taxes paid	$359,455
Mortgage interest paid	$490,730
Contributions	$593,776
Taxable income	$17,405,360
Total tax credits [5]	$14,904
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	$22,563
Income tax [8]	$4,662,058
Total tax liability [9]	$4,762,717
Tax due at time of filing [10]	$469,680
Overpayments refunded [11]	($400,418)

[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.