Home » Nebraska » HAMILTON County » ZIP Code 68843 » Tax Stats

68843 Income Tax Overview

Total Number of Tax Returns for ZIP Code 68843 [1]	421
Total Number of Joint Tax Returns for ZIP Code 68843	228
Total Number of Dependents for ZIP Code 68843	144
Total Adjusted Gross Income for ZIP Code 68843	21,136,008
Average Income per Person for ZIP Code 68843	$26,223

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]	81
Number of joint returns	11
Number of returns with paid preparer's signature	60
Number of exemptions	69
Number of dependents	12
Adjust gross income (AGI) [2]	$280,390
Salaries and wages	$438,767
Taxable interest	$18,484
Ordinary dividends	$2,673
Business or professional net income (less loss)	$37,691
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	$46,293
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$25,400
Excess earned income credit (refundable) [7]	$20,457
Alternative minimum tax	$0
Income tax [8]	$4,562
Total tax liability [9]	$12,838
Tax due at time of filing [10]	$4,167
Overpayments refunded [11]	($49,531)

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

Number of returns [1]	74
Number of joint returns	18
Number of returns with paid preparer's signature	51
Number of exemptions	107
Number of dependents	11
Adjust gross income (AGI) [2]	$1,286,240
Salaries and wages	$822,334
Taxable interest	$42,225
Ordinary dividends	$6,967
Business or professional net income (less loss)	$125,127
Net capital gain (less loss)	($11,627)
Taxable individual retirement arrangements distributions	$71,701
Taxable pensions and annuities	$127,004
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	$21,161
Taxes paid	$0
Mortgage interest paid	$74,689
Contributions	$0
Taxable income	$415,050
Total tax credits [5]	$4,896
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$33,173
Excess earned income credit (refundable) [7]	$44,608
Alternative minimum tax	$0
Income tax [8]	$39,937
Total tax liability [9]	$68,985
Tax due at time of filing [10]	$16,449
Overpayments refunded [11]	($76,138)

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

Number of returns [1]	93
Number of joint returns	45
Number of returns with paid preparer's signature	63
Number of exemptions	197
Number of dependents	31
Adjust gross income (AGI) [2]	$3,485,094
Salaries and wages	$2,608,130
Taxable interest	$120,080
Ordinary dividends	$19,596
Business or professional net income (less loss)	$48,384
Net capital gain (less loss)	$57,827
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$132,367
Unemployment compensation [3]	$0
Taxable Social Security benefits	$128,802
Self-employment retirement plans	$0
Total itemized deductions [4]	$533,733
State and local income taxes	$13,542
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$62,119
Mortgage interest paid	$0
Contributions	$54,143
Taxable income	$1,814,869
Total tax credits [5]	$32,778
Residential energy tax credit	$0
Child tax credit	$21,115
Child and dependent care credit	$0
Earned income credit [6]	$19,362
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$186,553
Total tax liability [9]	$260,312
Tax due at time of filing [10]	$68,072
Overpayments refunded [11]	($142,193)

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

Number of returns [1]	88
Number of joint returns	73
Number of returns with paid preparer's signature	69
Number of exemptions	258
Number of dependents	52
Adjust gross income (AGI) [2]	$5,461,816
Salaries and wages	$3,827,576
Taxable interest	$67,065
Ordinary dividends	$13,313
Business or professional net income (less loss)	$265,367
Net capital gain (less loss)	$26,127
Taxable individual retirement arrangements distributions	$51,122
Taxable pensions and annuities	$160,886
Unemployment compensation [3]	$0
Taxable Social Security benefits	$168,730
Self-employment retirement plans	$0
Total itemized deductions [4]	$499,320
State and local income taxes	$102,146
State and local general sales tax	$0
Real estate taxes	$43,097
Taxes paid	$153,005
Mortgage interest paid	$112,628
Contributions	$90,074
Taxable income	$3,384,919
Total tax credits [5]	$88,981
Residential energy tax credit	$0
Child tax credit	$62,090
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]	$348,915
Total tax liability [9]	$497,955
Tax due at time of filing [10]	$168,877
Overpayments refunded [11]	($121,242)

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

Number of returns [1]	48
Number of joint returns	46
Number of returns with paid preparer's signature	38
Number of exemptions	134
Number of dependents	21
Adjust gross income (AGI) [2]	$4,068,147
Salaries and wages	$2,645,972
Taxable interest	$42,841
Ordinary dividends	$10,744
Business or professional net income (less loss)	$40,274
Net capital gain (less loss)	$103,733
Taxable individual retirement arrangements distributions	$43,875
Taxable pensions and annuities	$348,760
Unemployment compensation [3]	$0
Taxable Social Security benefits	$173,283
Self-employment retirement plans	$0
Total itemized deductions [4]	$362,985
State and local income taxes	$91,814
State and local general sales tax	$0
Real estate taxes	$42,867
Taxes paid	$145,744
Mortgage interest paid	$144,689
Contributions	$80,947
Taxable income	$2,928,009
Total tax credits [5]	$66,119
Residential energy tax credit	$0
Child tax credit	$34,550
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]	$351,683
Total tax liability [9]	$443,755
Tax due at time of filing [10]	$177,635
Overpayments refunded [11]	($86,225)

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

Number of returns [1]	37
Number of joint returns	35
Number of returns with paid preparer's signature	34
Number of exemptions	106
Number of dependents	17
Adjust gross income (AGI) [2]	$6,554,321
Salaries and wages	$2,273,243
Taxable interest	$154,172
Ordinary dividends	$14,741
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$586,576
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]	$336,497
State and local income taxes	$100,687
State and local general sales tax	$0
Real estate taxes	$38,689
Taxes paid	$149,286
Mortgage interest paid	$0
Contributions	$112,678
Taxable income	$5,554,387
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]	$756,770
Total tax liability [9]	$835,991
Tax due at time of filing [10]	$374,064
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.