Home » Oklahoma » TULSA County » TULSA, OK » ZIP Code 74112 » Tax Stats

74112 Income Tax Overview

Total Number of Tax Returns for ZIP Code 74112 [1]	9,743
Total Number of Joint Tax Returns for ZIP Code 74112	2,940
Total Number of Dependents for ZIP Code 74112	3,086
Total Adjusted Gross Income for ZIP Code 74112	352,640,172
Average Income per Person for ZIP Code 74112	$17,049

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]	1,645
Number of joint returns	134
Number of returns with paid preparer's signature	723
Number of exemptions	1,998
Number of dependents	335
Adjust gross income (AGI) [2]	$7,259,986
Salaries and wages	$6,959,689
Taxable interest	$339,515
Ordinary dividends	$170,637
Business or professional net income (less loss)	$368,709
Net capital gain (less loss)	($71,616)
Taxable individual retirement arrangements distributions	$296,721
Taxable pensions and annuities	$534,617
Unemployment compensation [3]	$132,589
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$895,955
State and local income taxes	$42,300
State and local general sales tax	$16,150
Real estate taxes	$63,713
Taxes paid	$124,792
Mortgage interest paid	$263,705
Contributions	$46,772
Taxable income	$273,168
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$766,544
Excess earned income credit (refundable) [7]	$695,717
Alternative minimum tax	$0
Income tax [8]	$36,771
Total tax liability [9]	$195,116
Tax due at time of filing [10]	$66,824
Overpayments refunded [11]	($1,304,300)

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

Number of returns [1]	2,681
Number of joint returns	448
Number of returns with paid preparer's signature	1,405
Number of exemptions	4,817
Number of dependents	953
Adjust gross income (AGI) [2]	$46,877,309
Salaries and wages	$37,123,590
Taxable interest	$1,414,407
Ordinary dividends	$526,990
Business or professional net income (less loss)	$2,439,821
Net capital gain (less loss)	$177,504
Taxable individual retirement arrangements distributions	$1,115,524
Taxable pensions and annuities	$3,534,577
Unemployment compensation [3]	$538,420
Taxable Social Security benefits	$250,306
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,994,765
State and local income taxes	$100,478
State and local general sales tax	$103,438
Real estate taxes	$231,741
Taxes paid	$444,316
Mortgage interest paid	$809,767
Contributions	$446,660
Taxable income	$13,526,402
Total tax credits [5]	$233,912
Residential energy tax credit	$0
Child tax credit	$104,610
Child and dependent care credit	$20,202
Earned income credit [6]	$2,481,291
Excess earned income credit (refundable) [7]	$2,253,886
Alternative minimum tax	$0
Income tax [8]	$1,241,652
Total tax liability [9]	$1,687,200
Tax due at time of filing [10]	$227,156
Overpayments refunded [11]	($5,251,273)

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

Number of returns [1]	3,237
Number of joint returns	945
Number of returns with paid preparer's signature	1,544
Number of exemptions	6,405
Number of dependents	1,083
Adjust gross income (AGI) [2]	$116,549,707
Salaries and wages	$100,762,786
Taxable interest	$1,827,565
Ordinary dividends	$599,545
Business or professional net income (less loss)	$2,102,488
Net capital gain (less loss)	$131,335
Taxable individual retirement arrangements distributions	$1,659,077
Taxable pensions and annuities	$6,254,721
Unemployment compensation [3]	$421,347
Taxable Social Security benefits	$2,244,770
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,951,790
State and local income taxes	$1,061,535
State and local general sales tax	$128,402
Real estate taxes	$743,474
Taxes paid	$1,965,530
Mortgage interest paid	$3,020,367
Contributions	$1,343,348
Taxable income	$65,732,017
Total tax credits [5]	$1,088,732
Residential energy tax credit	$0
Child tax credit	$789,310
Child and dependent care credit	$59,211
Earned income credit [6]	$594,275
Excess earned income credit (refundable) [7]	$469,884
Alternative minimum tax	$0
Income tax [8]	$7,272,914
Total tax liability [9]	$7,748,443
Tax due at time of filing [10]	$459,620
Overpayments refunded [11]	($6,107,580)

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

Number of returns [1]	1,312
Number of joint returns	740
Number of returns with paid preparer's signature	651
Number of exemptions	2,859
Number of dependents	413
Adjust gross income (AGI) [2]	$80,109,187
Salaries and wages	$65,646,713
Taxable interest	$1,348,748
Ordinary dividends	$522,891
Business or professional net income (less loss)	$1,711,900
Net capital gain (less loss)	$92,600
Taxable individual retirement arrangements distributions	$1,801,522
Taxable pensions and annuities	$4,758,250
Unemployment compensation [3]	$186,613
Taxable Social Security benefits	$3,147,689
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,720,325
State and local income taxes	$1,477,899
State and local general sales tax	$78,572
Real estate taxes	$688,081
Taxes paid	$2,296,790
Mortgage interest paid	$2,856,886
Contributions	$1,457,866
Taxable income	$54,342,603
Total tax credits [5]	$624,758
Residential energy tax credit	$0
Child tax credit	$490,675
Child and dependent care credit	$31,744
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$12,323
Income tax [8]	$7,299,393
Total tax liability [9]	$7,624,997
Tax due at time of filing [10]	$561,741
Overpayments refunded [11]	($2,449,273)

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

Number of returns [1]	495
Number of joint returns	371
Number of returns with paid preparer's signature	241
Number of exemptions	1,179
Number of dependents	171
Adjust gross income (AGI) [2]	$42,402,533
Salaries and wages	$34,159,909
Taxable interest	$571,736
Ordinary dividends	$318,840
Business or professional net income (less loss)	$817,849
Net capital gain (less loss)	$170,176
Taxable individual retirement arrangements distributions	$949,466
Taxable pensions and annuities	$2,933,664
Unemployment compensation [3]	$43,002
Taxable Social Security benefits	$1,388,066
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,548,363
State and local income taxes	$954,864
State and local general sales tax	$20,161
Real estate taxes	$367,511
Taxes paid	$1,352,765
Mortgage interest paid	$1,423,353
Contributions	$784,500
Taxable income	$31,297,738
Total tax credits [5]	$310,304
Residential energy tax credit	$0
Child tax credit	$226,595
Child and dependent care credit	$17,558
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,497,215
Total tax liability [9]	$4,710,249
Tax due at time of filing [10]	$321,734
Overpayments refunded [11]	($908,541)

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

Number of returns [1]	325
Number of joint returns	267
Number of returns with paid preparer's signature	192
Number of exemptions	807
Number of dependents	114
Adjust gross income (AGI) [2]	$41,264,696
Salaries and wages	$29,894,096
Taxable interest	$837,474
Ordinary dividends	$659,574
Business or professional net income (less loss)	$1,014,789
Net capital gain (less loss)	$1,065,845
Taxable individual retirement arrangements distributions	$1,431,660
Taxable pensions and annuities	$2,641,623
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,287,577
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,144,517
State and local income taxes	$1,383,408
State and local general sales tax	$0
Real estate taxes	$364,231
Taxes paid	$1,779,052
Mortgage interest paid	$1,238,689
Contributions	$925,544
Taxable income	$32,278,491
Total tax credits [5]	$137,888
Residential energy tax credit	$0
Child tax credit	$77,950
Child and dependent care credit	$13,202
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,660,220
Total tax liability [9]	$5,882,967
Tax due at time of filing [10]	$587,543
Overpayments refunded [11]	($594,076)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	48
Number of joint returns	35
Number of returns with paid preparer's signature	38
Number of exemptions	110
Number of dependents	17
Adjust gross income (AGI) [2]	$18,176,754
Salaries and wages	$7,584,870
Taxable interest	$580,675
Ordinary dividends	$383,643
Business or professional net income (less loss)	$1,110,280
Net capital gain (less loss)	$778,380
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$794,268
Unemployment compensation [3]	$0
Taxable Social Security benefits	$338,915
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,449,235
State and local income taxes	$844,188
State and local general sales tax	$0
Real estate taxes	$90,810
Taxes paid	$937,670
Mortgage interest paid	$202,148
Contributions	$391,510
Taxable income	$14,344,505
Total tax credits [5]	$4,662
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	$97,420
Income tax [8]	$3,830,030
Total tax liability [9]	$3,942,321
Tax due at time of filing [10]	$668,586
Overpayments refunded [11]	($133,622)

[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.