Home » Ohio » DELAWARE County » COLUMBUS, OH » ZIP Code 43240 » Tax Stats

43240 Income Tax Overview

Total Number of Tax Returns for ZIP Code 43240 [1]	1,714
Total Number of Joint Tax Returns for ZIP Code 43240	551
Total Number of Dependents for ZIP Code 43240	505
Total Adjusted Gross Income for ZIP Code 43240	94,263,858
Average Income per Person for ZIP Code 43240	$27,173

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]	147
Number of joint returns	14
Number of returns with paid preparer's signature	58
Number of exemptions	128
Number of dependents	13
Adjust gross income (AGI) [2]	$632,937
Salaries and wages	$841,370
Taxable interest	$31,566
Ordinary dividends	$15,373
Business or professional net income (less loss)	$21,889
Net capital gain (less loss)	($11,170)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$85,179
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$206,113
State and local income taxes	$0
State and local general sales tax	$3,855
Real estate taxes	$30,482
Taxes paid	$45,861
Mortgage interest paid	$80,708
Contributions	$0
Taxable income	$36,786
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$26,773
Excess earned income credit (refundable) [7]	$21,833
Alternative minimum tax	$0
Income tax [8]	$3,658
Total tax liability [9]	$13,007
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($75,868)

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

Number of returns [1]	234
Number of joint returns	31
Number of returns with paid preparer's signature	84
Number of exemptions	334
Number of dependents	53
Adjust gross income (AGI) [2]	$4,176,737
Salaries and wages	$3,170,791
Taxable interest	$124,025
Ordinary dividends	$66,106
Business or professional net income (less loss)	$317,936
Net capital gain (less loss)	($33,540)
Taxable individual retirement arrangements distributions	$186,252
Taxable pensions and annuities	$308,278
Unemployment compensation [3]	$0
Taxable Social Security benefits	$15,032
Self-employment retirement plans	$0
Total itemized deductions [4]	$541,145
State and local income taxes	$22,482
State and local general sales tax	$7,046
Real estate taxes	$75,850
Taxes paid	$109,287
Mortgage interest paid	$242,082
Contributions	$23,736
Taxable income	$1,439,631
Total tax credits [5]	$25,628
Residential energy tax credit	$0
Child tax credit	$7,253
Child and dependent care credit	$0
Earned income credit [6]	$135,890
Excess earned income credit (refundable) [7]	$114,925
Alternative minimum tax	$0
Income tax [8]	$132,760
Total tax liability [9]	$178,553
Tax due at time of filing [10]	$30,832
Overpayments refunded [11]	($356,990)

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

Number of returns [1]	482
Number of joint returns	71
Number of returns with paid preparer's signature	194
Number of exemptions	711
Number of dependents	103
Adjust gross income (AGI) [2]	$18,162,244
Salaries and wages	$16,072,440
Taxable interest	$221,189
Ordinary dividends	$70,105
Business or professional net income (less loss)	$570,815
Net capital gain (less loss)	($3,146)
Taxable individual retirement arrangements distributions	$240,987
Taxable pensions and annuities	$935,462
Unemployment compensation [3]	$131,827
Taxable Social Security benefits	$190,564
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,585,204
State and local income taxes	$338,972
State and local general sales tax	$10,412
Real estate taxes	$386,903
Taxes paid	$737,765
Mortgage interest paid	$1,324,933
Contributions	$154,119
Taxable income	$11,175,610
Total tax credits [5]	$155,794
Residential energy tax credit	$0
Child tax credit	$84,043
Child and dependent care credit	$12,202
Earned income credit [6]	$39,947
Excess earned income credit (refundable) [7]	$32,703
Alternative minimum tax	$0
Income tax [8]	$1,320,059
Total tax liability [9]	$1,421,984
Tax due at time of filing [10]	$74,010
Overpayments refunded [11]	($904,071)

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

Number of returns [1]	408
Number of joint returns	128
Number of returns with paid preparer's signature	168
Number of exemptions	753
Number of dependents	129
Adjust gross income (AGI) [2]	$25,167,127
Salaries and wages	$22,772,042
Taxable interest	$182,162
Ordinary dividends	$105,548
Business or professional net income (less loss)	$341,967
Net capital gain (less loss)	($27,929)
Taxable individual retirement arrangements distributions	$331,533
Taxable pensions and annuities	$1,103,242
Unemployment compensation [3]	$0
Taxable Social Security benefits	$304,327
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,087,704
State and local income taxes	$918,868
State and local general sales tax	$0
Real estate taxes	$966,776
Taxes paid	$1,910,746
Mortgage interest paid	$2,373,955
Contributions	$381,481
Taxable income	$16,728,618
Total tax credits [5]	$225,632
Residential energy tax credit	$0
Child tax credit	$167,975
Child and dependent care credit	$11,402
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,346,563
Total tax liability [9]	$2,459,161
Tax due at time of filing [10]	$129,863
Overpayments refunded [11]	($1,087,388)

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

Number of returns [1]	269
Number of joint returns	178
Number of returns with paid preparer's signature	119
Number of exemptions	649
Number of dependents	122
Adjust gross income (AGI) [2]	$23,256,605
Salaries and wages	$20,749,441
Taxable interest	$68,581
Ordinary dividends	$86,592
Business or professional net income (less loss)	$809,534
Net capital gain (less loss)	$21,068
Taxable individual retirement arrangements distributions	$320,713
Taxable pensions and annuities	$1,111,751
Unemployment compensation [3]	$80,240
Taxable Social Security benefits	$264,181
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,076,249
State and local income taxes	$983,280
State and local general sales tax	$0
Real estate taxes	$565,664
Taxes paid	$1,565,459
Mortgage interest paid	$1,939,866
Contributions	$264,802
Taxable income	$16,379,663
Total tax credits [5]	$224,544
Residential energy tax credit	$0
Child tax credit	$176,014
Child and dependent care credit	$27,728
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,361,875
Total tax liability [9]	$2,487,917
Tax due at time of filing [10]	$131,436
Overpayments refunded [11]	($790,617)

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

Number of returns [1]	163
Number of joint returns	129
Number of returns with paid preparer's signature	65
Number of exemptions	419
Number of dependents	85
Adjust gross income (AGI) [2]	$20,188,761
Salaries and wages	$18,959,261
Taxable interest	$120,731
Ordinary dividends	$81,590
Business or professional net income (less loss)	$217,408
Net capital gain (less loss)	($42,881)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$608,371
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,469,831
State and local income taxes	$1,032,997
State and local general sales tax	$0
Real estate taxes	$420,432
Taxes paid	$1,433,490
Mortgage interest paid	$1,569,429
Contributions	$318,125
Taxable income	$15,074,921
Total tax credits [5]	$104,120
Residential energy tax credit	$0
Child tax credit	$80,350
Child and dependent care credit	$14,493
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$19,776
Income tax [8]	$2,642,987
Total tax liability [9]	$2,709,412
Tax due at time of filing [10]	$151,227
Overpayments refunded [11]	($526,657)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	11
Number of joint returns	0
Number of returns with paid preparer's signature	0
Number of exemptions	26
Number of dependents	0
Adjust gross income (AGI) [2]	$2,679,447
Salaries and wages	$2,444,532
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]	$333,538
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$187,037
Mortgage interest paid	$0
Contributions	$0
Taxable income	$2,260,720
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]	$553,458
Total tax liability [9]	$565,146
Tax due at time of filing [10]	$0
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.