Home » Ohio » HAMILTON County » ZIP Code 45243 » Tax Stats

45243 Income Tax Overview

Total Number of Tax Returns for ZIP Code 45243 [1]	7,810
Total Number of Joint Tax Returns for ZIP Code 45243	3,482
Total Number of Dependents for ZIP Code 45243	2,423
Total Adjusted Gross Income for ZIP Code 45243	1,695,542,275
Average Income per Person for ZIP Code 45243	$113,864

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]	1,731
Number of joint returns	112
Number of returns with paid preparer's signature	968
Number of exemptions	876
Number of dependents	95
Adjust gross income (AGI) [2]	$3,614,665
Salaries and wages	$11,752,334
Taxable interest	$7,123,616
Ordinary dividends	$4,735,495
Business or professional net income (less loss)	($2,499,694)
Net capital gain (less loss)	$2,449,263
Taxable individual retirement arrangements distributions	$530,223
Taxable pensions and annuities	$702,135
Unemployment compensation [3]	$37,352
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$10,266,501
State and local income taxes	$1,719,413
State and local general sales tax	$13,142
Real estate taxes	$1,446,817
Taxes paid	$4,142,075
Mortgage interest paid	$2,482,899
Contributions	$45,339
Taxable income	$1,017,352
Total tax credits [5]	$11,538
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$99,398
Excess earned income credit (refundable) [7]	$83,760
Alternative minimum tax	$0
Income tax [8]	$84,525
Total tax liability [9]	$478,729
Tax due at time of filing [10]	$87,257
Overpayments refunded [11]	($3,367,266)

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

Number of returns [1]	891
Number of joint returns	138
Number of returns with paid preparer's signature	451
Number of exemptions	1,046
Number of dependents	97
Adjust gross income (AGI) [2]	$15,157,715
Salaries and wages	$8,750,681
Taxable interest	$806,432
Ordinary dividends	$1,576,234
Business or professional net income (less loss)	$677,627
Net capital gain (less loss)	$373,770
Taxable individual retirement arrangements distributions	$1,050,712
Taxable pensions and annuities	$1,851,140
Unemployment compensation [3]	$119,358
Taxable Social Security benefits	$166,702
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,232,060
State and local income taxes	$172,553
State and local general sales tax	$37,700
Real estate taxes	$664,681
Taxes paid	$878,594
Mortgage interest paid	$929,394
Contributions	$164,909
Taxable income	$5,424,686
Total tax credits [5]	$74,011
Residential energy tax credit	$0
Child tax credit	$7,816
Child and dependent care credit	$0
Earned income credit [6]	$198,413
Excess earned income credit (refundable) [7]	$166,433
Alternative minimum tax	$0
Income tax [8]	$499,560
Total tax liability [9]	$654,647
Tax due at time of filing [10]	$150,881
Overpayments refunded [11]	($972,282)

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

Number of returns [1]	987
Number of joint returns	249
Number of returns with paid preparer's signature	501
Number of exemptions	1,568
Number of dependents	222
Adjust gross income (AGI) [2]	$36,453,076
Salaries and wages	$23,408,547
Taxable interest	$1,344,795
Ordinary dividends	$2,339,476
Business or professional net income (less loss)	$1,939,844
Net capital gain (less loss)	$523,276
Taxable individual retirement arrangements distributions	$1,789,426
Taxable pensions and annuities	$3,490,298
Unemployment compensation [3]	$126,361
Taxable Social Security benefits	$1,497,751
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,055,666
State and local income taxes	$879,280
State and local general sales tax	$49,724
Real estate taxes	$1,393,120
Taxes paid	$2,348,291
Mortgage interest paid	$2,287,758
Contributions	$589,366
Taxable income	$20,753,817
Total tax credits [5]	$285,375
Residential energy tax credit	$0
Child tax credit	$158,850
Child and dependent care credit	$15,646
Earned income credit [6]	$65,242
Excess earned income credit (refundable) [7]	$45,217
Alternative minimum tax	$0
Income tax [8]	$2,276,306
Total tax liability [9]	$2,655,249
Tax due at time of filing [10]	$243,111
Overpayments refunded [11]	($1,735,968)

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

Number of returns [1]	879
Number of joint returns	398
Number of returns with paid preparer's signature	514
Number of exemptions	1,823
Number of dependents	312
Adjust gross income (AGI) [2]	$54,549,545
Salaries and wages	$34,667,752
Taxable interest	$1,915,334
Ordinary dividends	$3,829,155
Business or professional net income (less loss)	$2,835,621
Net capital gain (less loss)	$598,403
Taxable individual retirement arrangements distributions	$2,496,886
Taxable pensions and annuities	$5,378,592
Unemployment compensation [3]	$100,072
Taxable Social Security benefits	$3,242,683
Self-employment retirement plans	$197,135
Total itemized deductions [4]	$12,376,748
State and local income taxes	$2,116,334
State and local general sales tax	$59,085
Real estate taxes	$2,463,506
Taxes paid	$4,662,940
Mortgage interest paid	$4,027,965
Contributions	$1,055,479
Taxable income	$33,941,805
Total tax credits [5]	$458,647
Residential energy tax credit	$0
Child tax credit	$318,126
Child and dependent care credit	$13,866
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$18,217
Income tax [8]	$4,379,850
Total tax liability [9]	$4,925,884
Tax due at time of filing [10]	$442,603
Overpayments refunded [11]	($2,113,027)

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

Number of returns [1]	711
Number of joint returns	463
Number of returns with paid preparer's signature	376
Number of exemptions	1,769
Number of dependents	309
Adjust gross income (AGI) [2]	$61,826,676
Salaries and wages	$41,795,507
Taxable interest	$1,599,694
Ordinary dividends	$3,889,356
Business or professional net income (less loss)	$1,788,924
Net capital gain (less loss)	$977,322
Taxable individual retirement arrangements distributions	$2,812,761
Taxable pensions and annuities	$4,988,280
Unemployment compensation [3]	$92,590
Taxable Social Security benefits	$2,879,788
Self-employment retirement plans	$111,311
Total itemized deductions [4]	$13,889,621
State and local income taxes	$3,019,898
State and local general sales tax	$23,519
Real estate taxes	$2,751,831
Taxes paid	$5,833,861
Mortgage interest paid	$4,785,296
Contributions	$1,577,702
Taxable income	$40,888,854
Total tax credits [5]	$613,772
Residential energy tax credit	$0
Child tax credit	$403,816
Child and dependent care credit	$20,048
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$29,796
Income tax [8]	$5,501,623
Total tax liability [9]	$5,935,464
Tax due at time of filing [10]	$412,117
Overpayments refunded [11]	($2,499,021)

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

Number of returns [1]	1,203
Number of joint returns	910
Number of returns with paid preparer's signature	706
Number of exemptions	3,325
Number of dependents	606
Adjust gross income (AGI) [2]	$166,942,975
Salaries and wages	$108,848,418
Taxable interest	$4,376,278
Ordinary dividends	$13,886,925
Business or professional net income (less loss)	$9,427,894
Net capital gain (less loss)	$4,162,976
Taxable individual retirement arrangements distributions	$9,190,360
Taxable pensions and annuities	$8,870,899
Unemployment compensation [3]	$54,993
Taxable Social Security benefits	$5,005,198
Self-employment retirement plans	$1,077,964
Total itemized deductions [4]	$40,010,896
State and local income taxes	$11,358,274
State and local general sales tax	$40,865
Real estate taxes	$7,411,638
Taxes paid	$18,980,308
Mortgage interest paid	$12,186,921
Contributions	$4,455,080
Taxable income	$115,850,080
Total tax credits [5]	$581,141
Residential energy tax credit	$20,947
Child tax credit	$358,230
Child and dependent care credit	$39,083
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$746,126
Income tax [8]	$20,432,866
Total tax liability [9]	$22,063,941
Tax due at time of filing [10]	$1,753,252
Overpayments refunded [11]	($5,655,305)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	1,408
Number of joint returns	1,212
Number of returns with paid preparer's signature	1,169
Number of exemptions	4,359
Number of dependents	782
Adjust gross income (AGI) [2]	$1,356,997,623
Salaries and wages	$623,429,813
Taxable interest	$48,510,347
Ordinary dividends	$162,983,952
Business or professional net income (less loss)	$45,772,086
Net capital gain (less loss)	$188,544,694
Taxable individual retirement arrangements distributions	$21,637,994
Taxable pensions and annuities	$14,022,456
Unemployment compensation [3]	$86,036
Taxable Social Security benefits	$7,047,956
Self-employment retirement plans	$4,824,661
Total itemized deductions [4]	$268,139,432
State and local income taxes	$116,537,946
State and local general sales tax	$23,659
Real estate taxes	$23,913,241
Taxes paid	$141,426,087
Mortgage interest paid	$32,482,866
Contributions	$76,799,457
Taxable income	$1,084,866,926
Total tax credits [5]	$4,029,413
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$20,703
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$16,869,365
Income tax [8]	$303,615,981
Total tax liability [9]	$309,097,731
Tax due at time of filing [10]	$27,313,068
Overpayments refunded [11]	($25,113,269)

[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.