Home » Ohio » FRANKLIN County » ZIP Code 43085 » Tax Stats

43085 Income Tax Overview

Total Number of Tax Returns for ZIP Code 43085 [1]	12,552
Total Number of Joint Tax Returns for ZIP Code 43085	4,660
Total Number of Dependents for ZIP Code 43085	3,980
Total Adjusted Gross Income for ZIP Code 43085	844,539,651
Average Income per Person for ZIP Code 43085	$36,312

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]	1,898
Number of joint returns	107
Number of returns with paid preparer's signature	674
Number of exemptions	1,253
Number of dependents	152
Adjust gross income (AGI) [2]	$6,157,459
Salaries and wages	$7,958,658
Taxable interest	$468,061
Ordinary dividends	$577,870
Business or professional net income (less loss)	$255,058
Net capital gain (less loss)	($234,294)
Taxable individual retirement arrangements distributions	$387,634
Taxable pensions and annuities	$529,047
Unemployment compensation [3]	$120,523
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,755,923
State and local income taxes	$180,390
State and local general sales tax	$17,042
Real estate taxes	$495,458
Taxes paid	$694,540
Mortgage interest paid	$808,658
Contributions	$49,055
Taxable income	$633,918
Total tax credits [5]	$1,876
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$301,096
Excess earned income credit (refundable) [7]	$250,632
Alternative minimum tax	$0
Income tax [8]	$58,950
Total tax liability [9]	$242,969
Tax due at time of filing [10]	$85,868
Overpayments refunded [11]	($1,007,439)

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

Number of returns [1]	1,828
Number of joint returns	201
Number of returns with paid preparer's signature	729
Number of exemptions	2,645
Number of dependents	418
Adjust gross income (AGI) [2]	$31,927,074
Salaries and wages	$23,885,841
Taxable interest	$1,000,019
Ordinary dividends	$858,946
Business or professional net income (less loss)	$1,938,322
Net capital gain (less loss)	$77,389
Taxable individual retirement arrangements distributions	$1,064,566
Taxable pensions and annuities	$3,307,223
Unemployment compensation [3]	$363,171
Taxable Social Security benefits	$190,993
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,307,737
State and local income taxes	$176,674
State and local general sales tax	$56,182
Real estate taxes	$735,510
Taxes paid	$976,093
Mortgage interest paid	$1,089,589
Contributions	$325,645
Taxable income	$10,948,293
Total tax credits [5]	$182,990
Residential energy tax credit	$0
Child tax credit	$48,805
Child and dependent care credit	$13,887
Earned income credit [6]	$934,137
Excess earned income credit (refundable) [7]	$781,718
Alternative minimum tax	$0
Income tax [8]	$997,074
Total tax liability [9]	$1,346,364
Tax due at time of filing [10]	$171,126
Overpayments refunded [11]	($2,634,113)

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

Number of returns [1]	2,851
Number of joint returns	585
Number of returns with paid preparer's signature	1,185
Number of exemptions	4,788
Number of dependents	775
Adjust gross income (AGI) [2]	$105,553,039
Salaries and wages	$83,694,125
Taxable interest	$1,771,348
Ordinary dividends	$1,848,732
Business or professional net income (less loss)	$3,366,575
Net capital gain (less loss)	$68,340
Taxable individual retirement arrangements distributions	$3,040,096
Taxable pensions and annuities	$9,481,978
Unemployment compensation [3]	$610,131
Taxable Social Security benefits	$2,542,282
Self-employment retirement plans	$131,104
Total itemized deductions [4]	$15,692,842
State and local income taxes	$2,163,390
State and local general sales tax	$87,420
Real estate taxes	$2,904,602
Taxes paid	$5,174,196
Mortgage interest paid	$5,500,113
Contributions	$1,454,537
Taxable income	$61,387,782
Total tax credits [5]	$940,326
Residential energy tax credit	$0
Child tax credit	$566,042
Child and dependent care credit	$67,073
Earned income credit [6]	$311,627
Excess earned income credit (refundable) [7]	$230,832
Alternative minimum tax	$0
Income tax [8]	$6,949,554
Total tax liability [9]	$7,655,480
Tax due at time of filing [10]	$473,446
Overpayments refunded [11]	($4,917,537)

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

Number of returns [1]	2,057
Number of joint returns	833
Number of returns with paid preparer's signature	970
Number of exemptions	4,056
Number of dependents	686
Adjust gross income (AGI) [2]	$126,986,842
Salaries and wages	$96,553,415
Taxable interest	$2,075,941
Ordinary dividends	$2,255,464
Business or professional net income (less loss)	$3,403,234
Net capital gain (less loss)	$331,188
Taxable individual retirement arrangements distributions	$3,765,899
Taxable pensions and annuities	$13,771,825
Unemployment compensation [3]	$286,668
Taxable Social Security benefits	$4,623,473
Self-employment retirement plans	$182,880
Total itemized deductions [4]	$22,918,448
State and local income taxes	$4,360,833
State and local general sales tax	$58,146
Real estate taxes	$4,312,814
Taxes paid	$8,878,636
Mortgage interest paid	$8,118,228
Contributions	$2,431,624
Taxable income	$83,926,771
Total tax credits [5]	$1,113,592
Residential energy tax credit	$0
Child tax credit	$809,362
Child and dependent care credit	$57,463
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$11,421,846
Total tax liability [9]	$12,093,912
Tax due at time of filing [10]	$734,801
Overpayments refunded [11]	($4,444,623)

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

Number of returns [1]	1,435
Number of joint returns	884
Number of returns with paid preparer's signature	670
Number of exemptions	3,442
Number of dependents	634
Adjust gross income (AGI) [2]	$124,626,346
Salaries and wages	$95,645,470
Taxable interest	$2,124,457
Ordinary dividends	$2,466,522
Business or professional net income (less loss)	$4,163,086
Net capital gain (less loss)	$425,899
Taxable individual retirement arrangements distributions	$3,714,901
Taxable pensions and annuities	$11,646,848
Unemployment compensation [3]	$156,394
Taxable Social Security benefits	$3,966,543
Self-employment retirement plans	$279,391
Total itemized deductions [4]	$23,990,454
State and local income taxes	$5,781,720
State and local general sales tax	$40,187
Real estate taxes	$4,510,946
Taxes paid	$10,388,225
Mortgage interest paid	$8,471,012
Contributions	$2,801,195
Taxable income	$86,228,062
Total tax credits [5]	$1,106,268
Residential energy tax credit	$0
Child tax credit	$756,210
Child and dependent care credit	$69,119
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$30,689
Income tax [8]	$12,400,193
Total tax liability [9]	$13,165,483
Tax due at time of filing [10]	$678,271
Overpayments refunded [11]	($3,810,598)

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

Number of returns [1]	1,934
Number of joint returns	1,569
Number of returns with paid preparer's signature	925
Number of exemptions	5,383
Number of dependents	1,031
Adjust gross income (AGI) [2]	$257,545,709
Salaries and wages	$192,124,925
Taxable interest	$4,280,596
Ordinary dividends	$6,711,609
Business or professional net income (less loss)	$11,541,671
Net capital gain (less loss)	$3,182,292
Taxable individual retirement arrangements distributions	$6,723,559
Taxable pensions and annuities	$22,226,982
Unemployment compensation [3]	$238,317
Taxable Social Security benefits	$5,617,229
Self-employment retirement plans	$1,024,602
Total itemized deductions [4]	$48,514,716
State and local income taxes	$14,859,541
State and local general sales tax	$44,786
Real estate taxes	$8,893,522
Taxes paid	$24,014,232
Mortgage interest paid	$15,034,775
Contributions	$6,562,257
Taxable income	$189,080,921
Total tax credits [5]	$969,427
Residential energy tax credit	$0
Child tax credit	$638,313
Child and dependent care credit	$103,487
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$385,075
Income tax [8]	$33,420,474
Total tax liability [9]	$35,408,842
Tax due at time of filing [10]	$2,385,453
Overpayments refunded [11]	($5,429,008)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	549
Number of joint returns	481
Number of returns with paid preparer's signature	372
Number of exemptions	1,568
Number of dependents	284
Adjust gross income (AGI) [2]	$191,743,182
Salaries and wages	$124,826,534
Taxable interest	$4,706,099
Ordinary dividends	$6,854,071
Business or professional net income (less loss)	$10,331,809
Net capital gain (less loss)	$7,060,489
Taxable individual retirement arrangements distributions	$4,383,294
Taxable pensions and annuities	$6,724,168
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,861,079
Self-employment retirement plans	$2,131,588
Total itemized deductions [4]	$28,561,650
State and local income taxes	$14,060,867
State and local general sales tax	$0
Real estate taxes	$4,021,378
Taxes paid	$18,154,835
Mortgage interest paid	$5,325,052
Contributions	$4,744,065
Taxable income	$158,464,209
Total tax credits [5]	$156,036
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$20,774
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$2,665,046
Income tax [8]	$42,474,391
Total tax liability [9]	$44,208,328
Tax due at time of filing [10]	$3,437,014
Overpayments refunded [11]	($1,937,259)

[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.