Home » Ohio » HAMILTON County » ZIP Code 45220 » Tax Stats

45220 Income Tax Overview

Total Number of Tax Returns for ZIP Code 45220 [1]	6,364
Total Number of Joint Tax Returns for ZIP Code 45220	1,192
Total Number of Dependents for ZIP Code 45220	1,307
Total Adjusted Gross Income for ZIP Code 45220	311,409,548
Average Income per Person for ZIP Code 45220	$20,336

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]	1,600
Number of joint returns	41
Number of returns with paid preparer's signature	458
Number of exemptions	1,495
Number of dependents	138
Adjust gross income (AGI) [2]	$6,336,314
Salaries and wages	$7,152,536
Taxable interest	$181,280
Ordinary dividends	$273,482
Business or professional net income (less loss)	$436,874
Net capital gain (less loss)	$555,659
Taxable individual retirement arrangements distributions	$97,388
Taxable pensions and annuities	$231,821
Unemployment compensation [3]	$81,205
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,386,367
State and local income taxes	$690,152
State and local general sales tax	$18,670
Real estate taxes	$128,240
Taxes paid	$845,491
Mortgage interest paid	$289,973
Contributions	$11,856
Taxable income	$517,349
Total tax credits [5]	$2,124
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$342,691
Excess earned income credit (refundable) [7]	$305,683
Alternative minimum tax	$0
Income tax [8]	$45,991
Total tax liability [9]	$149,242
Tax due at time of filing [10]	$42,466
Overpayments refunded [11]	($935,779)

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

Number of returns [1]	1,800
Number of joint returns	96
Number of returns with paid preparer's signature	585
Number of exemptions	2,296
Number of dependents	311
Adjust gross income (AGI) [2]	$30,573,421
Salaries and wages	$26,772,343
Taxable interest	$309,516
Ordinary dividends	$434,197
Business or professional net income (less loss)	$1,236,232
Net capital gain (less loss)	$69,789
Taxable individual retirement arrangements distributions	$255,206
Taxable pensions and annuities	$1,466,438
Unemployment compensation [3]	$266,156
Taxable Social Security benefits	$57,221
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,793,126
State and local income taxes	$556,309
State and local general sales tax	$113,247
Real estate taxes	$117,552
Taxes paid	$805,764
Mortgage interest paid	$262,259
Contributions	$111,102
Taxable income	$12,778,697
Total tax credits [5]	$220,051
Residential energy tax credit	$0
Child tax credit	$34,766
Child and dependent care credit	$3,626
Earned income credit [6]	$889,137
Excess earned income credit (refundable) [7]	$796,300
Alternative minimum tax	$0
Income tax [8]	$1,183,998
Total tax liability [9]	$1,403,539
Tax due at time of filing [10]	$134,765
Overpayments refunded [11]	($2,604,896)

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

Number of returns [1]	1,341
Number of joint returns	212
Number of returns with paid preparer's signature	518
Number of exemptions	1,991
Number of dependents	269
Adjust gross income (AGI) [2]	$47,562,106
Salaries and wages	$40,654,183
Taxable interest	$596,556
Ordinary dividends	$862,991
Business or professional net income (less loss)	$1,051,361
Net capital gain (less loss)	$167,142
Taxable individual retirement arrangements distributions	$894,211
Taxable pensions and annuities	$3,165,293
Unemployment compensation [3]	$164,132
Taxable Social Security benefits	$786,255
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,490,953
State and local income taxes	$457,600
State and local general sales tax	$57,795
Real estate taxes	$410,324
Taxes paid	$942,224
Mortgage interest paid	$936,400
Contributions	$332,622
Taxable income	$30,034,526
Total tax credits [5]	$409,848
Residential energy tax credit	$0
Child tax credit	$170,400
Child and dependent care credit	$13,960
Earned income credit [6]	$143,099
Excess earned income credit (refundable) [7]	$121,161
Alternative minimum tax	$0
Income tax [8]	$3,480,569
Total tax liability [9]	$3,696,773
Tax due at time of filing [10]	$216,472
Overpayments refunded [11]	($2,073,423)

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

Number of returns [1]	606
Number of joint returns	184
Number of returns with paid preparer's signature	260
Number of exemptions	1,037
Number of dependents	164
Adjust gross income (AGI) [2]	$36,755,124
Salaries and wages	$28,901,329
Taxable interest	$574,604
Ordinary dividends	$1,092,842
Business or professional net income (less loss)	$1,122,095
Net capital gain (less loss)	$395,440
Taxable individual retirement arrangements distributions	$534,057
Taxable pensions and annuities	$3,403,745
Unemployment compensation [3]	$52,277
Taxable Social Security benefits	$1,018,096
Self-employment retirement plans	$249,972
Total itemized deductions [4]	$5,120,608
State and local income taxes	$1,028,449
State and local general sales tax	$28,010
Real estate taxes	$767,809
Taxes paid	$1,828,240
Mortgage interest paid	$1,603,402
Contributions	$558,645
Taxable income	$25,717,314
Total tax credits [5]	$234,181
Residential energy tax credit	$0
Child tax credit	$156,516
Child and dependent care credit	$10,906
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,698,037
Total tax liability [9]	$3,904,630
Tax due at time of filing [10]	$285,378
Overpayments refunded [11]	($1,190,897)

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

Number of returns [1]	288
Number of joint returns	144
Number of returns with paid preparer's signature	152
Number of exemptions	594
Number of dependents	96
Adjust gross income (AGI) [2]	$25,083,367
Salaries and wages	$19,549,571
Taxable interest	$444,558
Ordinary dividends	$969,166
Business or professional net income (less loss)	$1,124,727
Net capital gain (less loss)	$256,595
Taxable individual retirement arrangements distributions	$752,012
Taxable pensions and annuities	$1,813,808
Unemployment compensation [3]	$0
Taxable Social Security benefits	$531,034
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,256,009
State and local income taxes	$1,130,899
State and local general sales tax	$0
Real estate taxes	$698,423
Taxes paid	$1,842,085
Mortgage interest paid	$1,384,992
Contributions	$529,405
Taxable income	$17,992,898
Total tax credits [5]	$158,354
Residential energy tax credit	$0
Child tax credit	$93,319
Child and dependent care credit	$8,633
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,788,760
Total tax liability [9]	$2,986,789
Tax due at time of filing [10]	$186,331
Overpayments refunded [11]	($761,134)

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

Number of returns [1]	487
Number of joint returns	329
Number of returns with paid preparer's signature	273
Number of exemptions	1,198
Number of dependents	222
Adjust gross income (AGI) [2]	$67,552,336
Salaries and wages	$48,232,979
Taxable interest	$1,041,872
Ordinary dividends	$3,238,723
Business or professional net income (less loss)	$3,116,008
Net capital gain (less loss)	$1,583,839
Taxable individual retirement arrangements distributions	$2,710,166
Taxable pensions and annuities	$4,943,498
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,825,786
Self-employment retirement plans	$392,327
Total itemized deductions [4]	$12,658,673
State and local income taxes	$3,877,459
State and local general sales tax	$0
Real estate taxes	$2,042,291
Taxes paid	$5,950,772
Mortgage interest paid	$3,743,806
Contributions	$1,902,726
Taxable income	$50,315,874
Total tax credits [5]	$147,502
Residential energy tax credit	$0
Child tax credit	$69,218
Child and dependent care credit	$25,042
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$139,463
Income tax [8]	$9,325,292
Total tax liability [9]	$10,035,140
Tax due at time of filing [10]	$724,245
Overpayments refunded [11]	($1,473,841)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	242
Number of joint returns	186
Number of returns with paid preparer's signature	178
Number of exemptions	634
Number of dependents	107
Adjust gross income (AGI) [2]	$97,546,880
Salaries and wages	$55,745,894
Taxable interest	$1,801,357
Ordinary dividends	$6,964,639
Business or professional net income (less loss)	$5,350,885
Net capital gain (less loss)	$4,607,512
Taxable individual retirement arrangements distributions	$3,233,346
Taxable pensions and annuities	$3,952,954
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,168,457
Self-employment retirement plans	$838,579
Total itemized deductions [4]	$14,777,396
State and local income taxes	$7,169,898
State and local general sales tax	$0
Real estate taxes	$1,737,416
Taxes paid	$8,988,544
Mortgage interest paid	$2,850,555
Contributions	$2,524,234
Taxable income	$80,945,826
Total tax credits [5]	$151,087
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$10,420
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$1,459,402
Income tax [8]	$22,020,039
Total tax liability [9]	$22,776,725
Tax due at time of filing [10]	$1,301,080
Overpayments refunded [11]	($1,273,038)

[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.