ZIP Code List & Demographics Database Download: Digital ZIP Code Database & Maps

Home » Ohio » ADAMS County » ZIP Code 45616 » Tax Stats

45616 Income Tax Overview

Total Number of Tax Returns for ZIP Code 45616 [1]	518
Total Number of Joint Tax Returns for ZIP Code 45616	240
Total Number of Dependents for ZIP Code 45616	209
Total Adjusted Gross Income for ZIP Code 45616	16,787,369
Average Income per Person for ZIP Code 45616	$10,768

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]	118
Number of joint returns	24
Number of returns with paid preparer's signature	68
Number of exemptions	178
Number of dependents	35
Adjust gross income (AGI) [2]	$552,760
Salaries and wages	$428,714
Taxable interest	$7,945
Ordinary dividends	$0
Business or professional net income (less loss)	$93,123
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]	$0
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$0
Mortgage interest paid	$0
Contributions	$0
Taxable income	$17,912
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$82,228
Excess earned income credit (refundable) [7]	$64,620
Alternative minimum tax	$0
Income tax [8]	$1,794
Total tax liability [9]	$28,398
Tax due at time of filing [10]	$4,875
Overpayments refunded [11]	($114,856)

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

Number of returns [1]	157
Number of joint returns	62
Number of returns with paid preparer's signature	106
Number of exemptions	341
Number of dependents	67
Adjust gross income (AGI) [2]	$2,638,363
Salaries and wages	$1,873,969
Taxable interest	$88,379
Ordinary dividends	$0
Business or professional net income (less loss)	$161,439
Net capital gain (less loss)	$22,363
Taxable individual retirement arrangements distributions	$54,977
Taxable pensions and annuities	$400,949
Unemployment compensation [3]	$144,290
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$164,592
State and local income taxes	$0
State and local general sales tax	$15,169
Real estate taxes	$0
Taxes paid	$16,055
Mortgage interest paid	$0
Contributions	$0
Taxable income	$522,613
Total tax credits [5]	$4,402
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$220,025
Excess earned income credit (refundable) [7]	$194,448
Alternative minimum tax	$0
Income tax [8]	$50,968
Total tax liability [9]	$79,617
Tax due at time of filing [10]	$5,019
Overpayments refunded [11]	($363,728)

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

Number of returns [1]	146
Number of joint returns	72
Number of returns with paid preparer's signature	109
Number of exemptions	327
Number of dependents	61
Adjust gross income (AGI) [2]	$5,364,537
Salaries and wages	$4,336,044
Taxable interest	$44,041
Ordinary dividends	$3,347
Business or professional net income (less loss)	$110,104
Net capital gain (less loss)	$30,535
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$526,203
Unemployment compensation [3]	$236,373
Taxable Social Security benefits	$106,583
Self-employment retirement plans	$0
Total itemized deductions [4]	$574,334
State and local income taxes	$53,616
State and local general sales tax	$0
Real estate taxes	$33,009
Taxes paid	$87,374
Mortgage interest paid	$200,831
Contributions	$91,315
Taxable income	$2,669,671
Total tax credits [5]	$46,290
Residential energy tax credit	$0
Child tax credit	$35,612
Child and dependent care credit	$0
Earned income credit [6]	$43,571
Excess earned income credit (refundable) [7]	$38,984
Alternative minimum tax	$0
Income tax [8]	$278,461
Total tax liability [9]	$320,957
Tax due at time of filing [10]	$32,275
Overpayments refunded [11]	($351,645)

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

Number of returns [1]	59
Number of joint returns	48
Number of returns with paid preparer's signature	40
Number of exemptions	166
Number of dependents	34
Adjust gross income (AGI) [2]	$3,490,933
Salaries and wages	$2,800,877
Taxable interest	$11,110
Ordinary dividends	$2,804
Business or professional net income (less loss)	$64,437
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$358,585
Unemployment compensation [3]	$114,968
Taxable Social Security benefits	$148,907
Self-employment retirement plans	$0
Total itemized deductions [4]	$436,832
State and local income taxes	$50,840
State and local general sales tax	$0
Real estate taxes	$19,036
Taxes paid	$76,762
Mortgage interest paid	$97,554
Contributions	$0
Taxable income	$2,069,494
Total tax credits [5]	$56,966
Residential energy tax credit	$0
Child tax credit	$47,926
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]	$228,249
Total tax liability [9]	$242,134
Tax due at time of filing [10]	$16,736
Overpayments refunded [11]	($140,144)

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

Number of returns [1]	25
Number of joint returns	21
Number of returns with paid preparer's signature	17
Number of exemptions	59
Number of dependents	12
Adjust gross income (AGI) [2]	$2,116,811
Salaries and wages	$1,732,718
Taxable interest	$5,902
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]	$468,988
State and local income taxes	$134,032
State and local general sales tax	$0
Real estate taxes	$34,483
Taxes paid	$168,516
Mortgage interest paid	$128,752
Contributions	$34,094
Taxable income	$1,543,553
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]	$215,389
Total tax liability [9]	$222,187
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($82,220)

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

Number of returns [1]	13
Number of joint returns	13
Number of returns with paid preparer's signature	11
Number of exemptions	34
Number of dependents	0
Adjust gross income (AGI) [2]	$2,623,965
Salaries and wages	$1,214,388
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]	$0
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$0
Mortgage interest paid	$0
Contributions	$0
Taxable income	$2,143,595
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]	$478,112
Total tax liability [9]	$500,523
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.