SYCAMORE, IL 60178

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ZIP Code 60178 Income Tax Stats

Individual Income by ZIP Code -- Tax Statistics: 2008






60178 Income Tax Overview

Total Number of Tax Returns for ZIP Code 60178 [1] 10,682
Total Number of Joint Tax Returns for ZIP Code 60178 4,516
Total Number of Dependents for ZIP Code 60178 3,537
Total Adjusted Gross Income for ZIP Code 60178 633,466,468
Average Income per Person for ZIP Code 60178 $29,005

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] 1,892
Number of joint returns 144
Number of returns with paid preparer's signature 762
Number of exemptions 1,485
Number of dependents 179
Adjust gross income (AGI) [2] $6,481,946
Salaries and wages $8,321,620
Taxable interest $717,332
Ordinary dividends $434,807
Business or professional net income (less loss) ($179,687)
Net capital gain (less loss) $512,225
Taxable individual retirement arrangements distributions $370,899
Taxable pensions and annuities $819,531
Unemployment compensation [3] $187,835
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $3,267,492
State and local income taxes $99,680
State and local general sales tax $38,061
Real estate taxes $688,586
Taxes paid $849,716
Mortgage interest paid $1,037,896
Contributions $45,664
Taxable income $572,280
Total tax credits [5] $3,601
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $410,826
Excess earned income credit (refundable) [7] $362,173
Alternative minimum tax $0
Income tax [8] $56,168
Total tax liability [9] $170,518
Tax due at time of filing [10] $39,716
Overpayments refunded [11] ($1,155,807)

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

Number of returns [1] 1,875
Number of joint returns 276
Number of returns with paid preparer's signature 945
Number of exemptions 2,756
Number of dependents 416
Adjust gross income (AGI) [2] $32,328,894
Salaries and wages $24,484,804
Taxable interest $1,166,227
Ordinary dividends $523,491
Business or professional net income (less loss) $1,197,006
Net capital gain (less loss) ($32,190)
Taxable individual retirement arrangements distributions $1,210,831
Taxable pensions and annuities $3,100,492
Unemployment compensation [3] $865,625
Taxable Social Security benefits $182,750
Self-employment retirement plans $0
Total itemized deductions [4] $4,374,957
State and local income taxes $131,940
State and local general sales tax $80,515
Real estate taxes $946,136
Taxes paid $1,182,104
Mortgage interest paid $1,285,726
Contributions $202,134
Taxable income $10,383,577
Total tax credits [5] $171,144
Residential energy tax credit $0
Child tax credit $46,148
Child and dependent care credit $14,697
Earned income credit [6] $1,054,477
Excess earned income credit (refundable) [7] $950,973
Alternative minimum tax $0
Income tax [8] $948,903
Total tax liability [9] $1,184,591
Tax due at time of filing [10] $117,250
Overpayments refunded [11] ($3,013,932)

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

Number of returns [1] 2,419
Number of joint returns 617
Number of returns with paid preparer's signature 1,199
Number of exemptions 4,370
Number of dependents 718
Adjust gross income (AGI) [2] $88,811,671
Salaries and wages $72,681,203
Taxable interest $1,623,007
Ordinary dividends $987,260
Business or professional net income (less loss) $1,696,629
Net capital gain (less loss) $53,128
Taxable individual retirement arrangements distributions $2,284,755
Taxable pensions and annuities $5,864,743
Unemployment compensation [3] $1,490,055
Taxable Social Security benefits $2,094,946
Self-employment retirement plans $0
Total itemized deductions [4] $12,390,495
State and local income taxes $731,587
State and local general sales tax $171,997
Real estate taxes $2,812,806
Taxes paid $3,755,807
Mortgage interest paid $5,031,479
Contributions $830,829
Taxable income $49,897,342
Total tax credits [5] $802,959
Residential energy tax credit $0
Child tax credit $502,308
Child and dependent care credit $51,971
Earned income credit [6] $329,114
Excess earned income credit (refundable) [7] $266,706
Alternative minimum tax $0
Income tax [8] $5,564,235
Total tax liability [9] $6,048,574
Tax due at time of filing [10] $324,085
Overpayments refunded [11] ($4,946,421)

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

Number of returns [1] 1,645
Number of joint returns 965
Number of returns with paid preparer's signature 913
Number of exemptions 3,843
Number of dependents 668
Adjust gross income (AGI) [2] $102,537,373
Salaries and wages $82,617,760
Taxable interest $1,960,476
Ordinary dividends $1,041,096
Business or professional net income (less loss) $2,075,317
Net capital gain (less loss) $630,283
Taxable individual retirement arrangements distributions $2,205,728
Taxable pensions and annuities $7,801,549
Unemployment compensation [3] $1,033,508
Taxable Social Security benefits $3,320,414
Self-employment retirement plans $0
Total itemized deductions [4] $18,182,886
State and local income taxes $1,691,313
State and local general sales tax $186,191
Real estate taxes $4,118,118
Taxes paid $6,063,310
Mortgage interest paid $7,786,216
Contributions $1,402,549
Taxable income $64,478,930
Total tax credits [5] $1,133,001
Residential energy tax credit $0
Child tax credit $866,581
Child and dependent care credit $53,654
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $8,049,170
Total tax liability [9] $8,585,075
Tax due at time of filing [10] $444,863
Overpayments refunded [11] ($4,186,256)

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

Number of returns [1] 1,222
Number of joint returns 1,019
Number of returns with paid preparer's signature 717
Number of exemptions 3,451
Number of dependents 607
Adjust gross income (AGI) [2] $105,736,989
Salaries and wages $83,776,402
Taxable interest $1,794,019
Ordinary dividends $1,605,881
Business or professional net income (less loss) $2,262,630
Net capital gain (less loss) $498,731
Taxable individual retirement arrangements distributions $2,056,792
Taxable pensions and annuities $8,865,679
Unemployment compensation [3] $789,686
Taxable Social Security benefits $2,868,838
Self-employment retirement plans $155,434
Total itemized deductions [4] $19,710,086
State and local income taxes $2,073,264
State and local general sales tax $190,472
Real estate taxes $4,472,337
Taxes paid $6,838,521
Mortgage interest paid $8,456,157
Contributions $1,742,429
Taxable income $70,471,681
Total tax credits [5] $1,209,172
Residential energy tax credit $0
Child tax credit $870,051
Child and dependent care credit $56,964
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $8,982,130
Total tax liability [9] $9,486,621
Tax due at time of filing [10] $477,236
Overpayments refunded [11] ($3,967,174)

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

Number of returns [1] 1,382
Number of joint returns 1,276
Number of returns with paid preparer's signature 779
Number of exemptions 4,308
Number of dependents 812
Adjust gross income (AGI) [2] $180,109,580
Salaries and wages $146,244,267
Taxable interest $2,839,307
Ordinary dividends $2,160,265
Business or professional net income (less loss) $3,183,103
Net capital gain (less loss) $1,340,336
Taxable individual retirement arrangements distributions $3,948,899
Taxable pensions and annuities $12,345,797
Unemployment compensation [3] $444,347
Taxable Social Security benefits $2,574,715
Self-employment retirement plans $167,486
Total itemized deductions [4] $31,909,040
State and local income taxes $4,250,736
State and local general sales tax $175,574
Real estate taxes $7,497,492
Taxes paid $12,094,091
Mortgage interest paid $13,298,246
Contributions $3,517,276
Taxable income $131,181,392
Total tax credits [5] $907,533
Residential energy tax credit $0
Child tax credit $704,016
Child and dependent care credit $90,275
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $92,726
Income tax [8] $22,135,494
Total tax liability [9] $22,923,626
Tax due at time of filing [10] $1,705,630
Overpayments refunded [11] ($4,121,393)

Adjusted Gross Income: $200,000 or more

Number of returns [1] 247
Number of joint returns 219
Number of returns with paid preparer's signature 197
Number of exemptions 769
Number of dependents 137
Adjust gross income (AGI) [2] $117,460,015
Salaries and wages $55,002,546
Taxable interest $2,597,226
Ordinary dividends $4,196,718
Business or professional net income (less loss) $4,251,648
Net capital gain (less loss) $8,375,160
Taxable individual retirement arrangements distributions $1,121,457
Taxable pensions and annuities $4,018,780
Unemployment compensation [3] $0
Taxable Social Security benefits $703,585
Self-employment retirement plans $551,244
Total itemized deductions [4] $15,024,370
State and local income taxes $2,808,511
State and local general sales tax $79,823
Real estate taxes $2,056,581
Taxes paid $5,188,244
Mortgage interest paid $3,001,627
Contributions $2,916,486
Taxable income $100,738,142
Total tax credits [5] $109,068
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $11,118
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $642,256
Income tax [8] $23,053,871
Total tax liability [9] $23,650,768
Tax due at time of filing [10] $2,118,301
Overpayments refunded [11] ($1,658,128)

[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.