Home » Nebraska » DODGE County » ZIP Code 68026 » Tax Stats

68026 Income Tax Overview

Total Number of Tax Returns for ZIP Code 68026 [1]	412
Total Number of Joint Tax Returns for ZIP Code 68026	120
Total Number of Dependents for ZIP Code 68026	145
Total Adjusted Gross Income for ZIP Code 68026	16,353,895
Average Income per Person for ZIP Code 68026	$16,353,895

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]	68
Number of joint returns	0
Number of returns with paid preparer's signature	46
Number of exemptions	76
Number of dependents	0
Adjust gross income (AGI) [2]	$143,532
Salaries and wages	$362,455
Taxable interest	$4,958
Ordinary dividends	$0
Business or professional net income (less loss)	$29,220
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	$0
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$16,180
Excess earned income credit (refundable) [7]	$15,050
Alternative minimum tax	$0
Income tax [8]	$0
Total tax liability [9]	$7,731
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($36,888)

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

Number of returns [1]	106
Number of joint returns	25
Number of returns with paid preparer's signature	68
Number of exemptions	198
Number of dependents	47
Adjust gross income (AGI) [2]	$1,830,366
Salaries and wages	$1,377,131
Taxable interest	$70,172
Ordinary dividends	$3,164
Business or professional net income (less loss)	$141,900
Net capital gain (less loss)	($18,839)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$169,472
Unemployment compensation [3]	$66,001
Taxable Social Security benefits	$15,884
Self-employment retirement plans	$0
Total itemized deductions [4]	$211,538
State and local income taxes	$0
State and local general sales tax	$8,923
Real estate taxes	$0
Taxes paid	$34,860
Mortgage interest paid	$0
Contributions	$0
Taxable income	$496,813
Total tax credits [5]	$10,643
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$124,289
Excess earned income credit (refundable) [7]	$109,613
Alternative minimum tax	$0
Income tax [8]	$42,792
Total tax liability [9]	$68,350
Tax due at time of filing [10]	$10,687
Overpayments refunded [11]	($237,428)

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

Number of returns [1]	144
Number of joint returns	35
Number of returns with paid preparer's signature	98
Number of exemptions	304
Number of dependents	58
Adjust gross income (AGI) [2]	$5,059,322
Salaries and wages	$4,398,753
Taxable interest	$55,842
Ordinary dividends	$38,938
Business or professional net income (less loss)	$75,278
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$70,175
Taxable pensions and annuities	$252,294
Unemployment compensation [3]	$0
Taxable Social Security benefits	$92,267
Self-employment retirement plans	$0
Total itemized deductions [4]	$545,962
State and local income taxes	$40,760
State and local general sales tax	$0
Real estate taxes	$51,110
Taxes paid	$80,748
Mortgage interest paid	$134,457
Contributions	$31,552
Taxable income	$2,677,875
Total tax credits [5]	$54,148
Residential energy tax credit	$0
Child tax credit	$47,476
Child and dependent care credit	$10,280
Earned income credit [6]	$37,916
Excess earned income credit (refundable) [7]	$32,681
Alternative minimum tax	$0
Income tax [8]	$287,459
Total tax liability [9]	$309,006
Tax due at time of filing [10]	$8,346
Overpayments refunded [11]	($304,371)

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

Number of returns [1]	54
Number of joint returns	29
Number of returns with paid preparer's signature	42
Number of exemptions	131
Number of dependents	24
Adjust gross income (AGI) [2]	$3,306,188
Salaries and wages	$2,289,892
Taxable interest	$65,749
Ordinary dividends	$141,593
Business or professional net income (less loss)	$0
Net capital gain (less loss)	($222)
Taxable individual retirement arrangements distributions	$200,118
Taxable pensions and annuities	$349,096
Unemployment compensation [3]	$0
Taxable Social Security benefits	$194,621
Self-employment retirement plans	$0
Total itemized deductions [4]	$688,890
State and local income taxes	$148,374
State and local general sales tax	$0
Real estate taxes	$83,197
Taxes paid	$241,453
Mortgage interest paid	$137,137
Contributions	$38,661
Taxable income	$2,003,607
Total tax credits [5]	$40,558
Residential energy tax credit	$0
Child tax credit	$36,579
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]	$236,650
Total tax liability [9]	$246,123
Tax due at time of filing [10]	$35,273
Overpayments refunded [11]	($142,754)

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

Number of returns [1]	18
Number of joint returns	15
Number of returns with paid preparer's signature	14
Number of exemptions	45
Number of dependents	16
Adjust gross income (AGI) [2]	$1,552,318
Salaries and wages	$1,142,631
Taxable interest	$17,112
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	$244,784
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	$1,139,137
Total tax credits [5]	$17,011
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]	$155,558
Total tax liability [9]	$167,414
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($59,470)

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

Number of returns [1]	22
Number of joint returns	16
Number of returns with paid preparer's signature	18
Number of exemptions	50
Number of dependents	0
Adjust gross income (AGI) [2]	$4,462,169
Salaries and wages	$1,256,007
Taxable interest	$14,508
Ordinary dividends	$23,154
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$347,541
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]	$613,600
State and local income taxes	$136,734
State and local general sales tax	$0
Real estate taxes	$78,272
Taxes paid	$240,800
Mortgage interest paid	$0
Contributions	$33,913
Taxable income	$2,821,689
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]	$690,630
Total tax liability [9]	$707,484
Tax due at time of filing [10]	$130,180
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.