Home » Nebraska » DOUGLAS County » ZIP Code 68152 » Tax Stats

68152 Income Tax Overview

Total Number of Tax Returns for ZIP Code 68152 [1]	3,021
Total Number of Joint Tax Returns for ZIP Code 68152	1,343
Total Number of Dependents for ZIP Code 68152	903
Total Adjusted Gross Income for ZIP Code 68152	210,006,807
Average Income per Person for ZIP Code 68152	$35,979

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]	499
Number of joint returns	40
Number of returns with paid preparer's signature	227
Number of exemptions	385
Number of dependents	51
Adjust gross income (AGI) [2]	$1,786,714
Salaries and wages	$2,901,793
Taxable interest	$305,555
Ordinary dividends	$419,211
Business or professional net income (less loss)	$148,486
Net capital gain (less loss)	($61,132)
Taxable individual retirement arrangements distributions	$117,577
Taxable pensions and annuities	$242,913
Unemployment compensation [3]	$19,595
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$873,974
State and local income taxes	$51,613
State and local general sales tax	$4,420
Real estate taxes	$130,154
Taxes paid	$194,220
Mortgage interest paid	$253,455
Contributions	$24,185
Taxable income	$190,576
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$118,803
Excess earned income credit (refundable) [7]	$109,680
Alternative minimum tax	$0
Income tax [8]	$18,395
Total tax liability [9]	$56,152
Tax due at time of filing [10]	$18,238
Overpayments refunded [11]	($345,950)

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

Number of returns [1]	581
Number of joint returns	89
Number of returns with paid preparer's signature	299
Number of exemptions	874
Number of dependents	149
Adjust gross income (AGI) [2]	$10,032,960
Salaries and wages	$7,050,960
Taxable interest	$434,010
Ordinary dividends	$192,345
Business or professional net income (less loss)	$366,019
Net capital gain (less loss)	$49,653
Taxable individual retirement arrangements distributions	$356,353
Taxable pensions and annuities	$1,373,506
Unemployment compensation [3]	$94,137
Taxable Social Security benefits	$75,381
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,435,775
State and local income taxes	$70,766
State and local general sales tax	$23,590
Real estate taxes	$188,256
Taxes paid	$305,446
Mortgage interest paid	$368,440
Contributions	$179,442
Taxable income	$3,019,167
Total tax credits [5]	$55,190
Residential energy tax credit	$0
Child tax credit	$19,884
Child and dependent care credit	$9,231
Earned income credit [6]	$441,066
Excess earned income credit (refundable) [7]	$397,884
Alternative minimum tax	$0
Income tax [8]	$293,738
Total tax liability [9]	$369,693
Tax due at time of filing [10]	$28,870
Overpayments refunded [11]	($1,041,332)

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

Number of returns [1]	655
Number of joint returns	213
Number of returns with paid preparer's signature	348
Number of exemptions	1,237
Number of dependents	214
Adjust gross income (AGI) [2]	$23,887,726
Salaries and wages	$17,410,004
Taxable interest	$748,626
Ordinary dividends	$457,307
Business or professional net income (less loss)	$544,896
Net capital gain (less loss)	$32,864
Taxable individual retirement arrangements distributions	$674,612
Taxable pensions and annuities	$2,916,212
Unemployment compensation [3]	$147,771
Taxable Social Security benefits	$1,073,399
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,657,466
State and local income taxes	$364,064
State and local general sales tax	$33,296
Real estate taxes	$593,662
Taxes paid	$1,066,384
Mortgage interest paid	$1,260,736
Contributions	$511,587
Taxable income	$12,590,636
Total tax credits [5]	$242,960
Residential energy tax credit	$0
Child tax credit	$157,420
Child and dependent care credit	$25,386
Earned income credit [6]	$114,993
Excess earned income credit (refundable) [7]	$99,379
Alternative minimum tax	$0
Income tax [8]	$1,300,213
Total tax liability [9]	$1,448,653
Tax due at time of filing [10]	$131,649
Overpayments refunded [11]	($1,257,825)

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

Number of returns [1]	454
Number of joint returns	290
Number of returns with paid preparer's signature	265
Number of exemptions	1,021
Number of dependents	146
Adjust gross income (AGI) [2]	$28,266,820
Salaries and wages	$20,313,788
Taxable interest	$557,636
Ordinary dividends	$496,274
Business or professional net income (less loss)	$489,634
Net capital gain (less loss)	$344,805
Taxable individual retirement arrangements distributions	$875,496
Taxable pensions and annuities	$3,234,109
Unemployment compensation [3]	$45,542
Taxable Social Security benefits	$1,812,131
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,763,308
State and local income taxes	$639,261
State and local general sales tax	$28,902
Real estate taxes	$737,468
Taxes paid	$1,534,206
Mortgage interest paid	$1,587,819
Contributions	$677,960
Taxable income	$17,843,024
Total tax credits [5]	$227,940
Residential energy tax credit	$0
Child tax credit	$145,753
Child and dependent care credit	$7,758
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,225,338
Total tax liability [9]	$2,336,942
Tax due at time of filing [10]	$180,443
Overpayments refunded [11]	($947,343)

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

Number of returns [1]	309
Number of joint returns	247
Number of returns with paid preparer's signature	186
Number of exemptions	781
Number of dependents	119
Adjust gross income (AGI) [2]	$26,630,183
Salaries and wages	$19,118,423
Taxable interest	$561,697
Ordinary dividends	$488,498
Business or professional net income (less loss)	$819,641
Net capital gain (less loss)	$332,735
Taxable individual retirement arrangements distributions	$741,583
Taxable pensions and annuities	$2,971,483
Unemployment compensation [3]	$63,303
Taxable Social Security benefits	$1,303,777
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,537,330
State and local income taxes	$828,850
State and local general sales tax	$27,727
Real estate taxes	$730,290
Taxes paid	$1,684,810
Mortgage interest paid	$1,499,609
Contributions	$720,002
Taxable income	$18,375,303
Total tax credits [5]	$225,584
Residential energy tax credit	$0
Child tax credit	$159,352
Child and dependent care credit	$12,875
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,422,341
Total tax liability [9]	$2,580,802
Tax due at time of filing [10]	$218,228
Overpayments refunded [11]	($712,363)

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

Number of returns [1]	388
Number of joint returns	347
Number of returns with paid preparer's signature	245
Number of exemptions	1,033
Number of dependents	169
Adjust gross income (AGI) [2]	$52,142,326
Salaries and wages	$37,448,603
Taxable interest	$1,291,454
Ordinary dividends	$1,433,088
Business or professional net income (less loss)	$1,202,163
Net capital gain (less loss)	$1,299,971
Taxable individual retirement arrangements distributions	$1,587,727
Taxable pensions and annuities	$4,338,562
Unemployment compensation [3]	$62,834
Taxable Social Security benefits	$1,750,304
Self-employment retirement plans	$225,964
Total itemized deductions [4]	$10,583,233
State and local income taxes	$2,793,896
State and local general sales tax	$0
Real estate taxes	$1,525,228
Taxes paid	$4,567,365
Mortgage interest paid	$3,022,016
Contributions	$1,792,115
Taxable income	$38,224,976
Total tax credits [5]	$157,406
Residential energy tax credit	$0
Child tax credit	$88,650
Child and dependent care credit	$13,040
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$68,570
Income tax [8]	$6,610,703
Total tax liability [9]	$6,937,940
Tax due at time of filing [10]	$507,802
Overpayments refunded [11]	($1,008,100)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	135
Number of joint returns	117
Number of returns with paid preparer's signature	117
Number of exemptions	371
Number of dependents	55
Adjust gross income (AGI) [2]	$67,260,078
Salaries and wages	$31,737,208
Taxable interest	$4,518,815
Ordinary dividends	$5,797,233
Business or professional net income (less loss)	$1,634,620
Net capital gain (less loss)	$5,853,300
Taxable individual retirement arrangements distributions	$1,654,034
Taxable pensions and annuities	$1,951,465
Unemployment compensation [3]	$0
Taxable Social Security benefits	$803,042
Self-employment retirement plans	$311,617
Total itemized deductions [4]	$13,510,307
State and local income taxes	$4,461,795
State and local general sales tax	$0
Real estate taxes	$1,221,360
Taxes paid	$5,813,676
Mortgage interest paid	$1,531,656
Contributions	$2,468,513
Taxable income	$52,684,617
Total tax credits [5]	$53,013
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	$913,462
Income tax [8]	$13,902,590
Total tax liability [9]	$14,151,212
Tax due at time of filing [10]	$1,378,715
Overpayments refunded [11]	($1,165,536)

[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.