Home » Oklahoma » TULSA County » ZIP Code 74132 » Tax Stats

74132 Income Tax Overview

Total Number of Tax Returns for ZIP Code 74132 [1]	3,445
Total Number of Joint Tax Returns for ZIP Code 74132	1,600
Total Number of Dependents for ZIP Code 74132	1,149
Total Adjusted Gross Income for ZIP Code 74132	266,641,262
Average Income per Person for ZIP Code 74132	$35,349

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]	560
Number of joint returns	62
Number of returns with paid preparer's signature	260
Number of exemptions	481
Number of dependents	71
Adjust gross income (AGI) [2]	$1,902,286
Salaries and wages	$2,687,071
Taxable interest	$272,779
Ordinary dividends	$113,209
Business or professional net income (less loss)	$25,007
Net capital gain (less loss)	($36,574)
Taxable individual retirement arrangements distributions	$105,023
Taxable pensions and annuities	$185,176
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$638,205
State and local income taxes	$61,078
State and local general sales tax	$8,354
Real estate taxes	$78,100
Taxes paid	$212,191
Mortgage interest paid	$137,696
Contributions	$37,634
Taxable income	$197,636
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$152,579
Excess earned income credit (refundable) [7]	$132,638
Alternative minimum tax	$0
Income tax [8]	$18,974
Total tax liability [9]	$50,908
Tax due at time of filing [10]	$13,032
Overpayments refunded [11]	($462,943)

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

Number of returns [1]	643
Number of joint returns	136
Number of returns with paid preparer's signature	316
Number of exemptions	1,040
Number of dependents	180
Adjust gross income (AGI) [2]	$11,018,744
Salaries and wages	$8,157,916
Taxable interest	$423,565
Ordinary dividends	$172,401
Business or professional net income (less loss)	$823,974
Net capital gain (less loss)	($46,492)
Taxable individual retirement arrangements distributions	$318,716
Taxable pensions and annuities	$1,072,556
Unemployment compensation [3]	$133,390
Taxable Social Security benefits	$84,155
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,031,138
State and local income taxes	$33,991
State and local general sales tax	$31,036
Real estate taxes	$89,840
Taxes paid	$156,745
Mortgage interest paid	$225,460
Contributions	$191,979
Taxable income	$3,260,002
Total tax credits [5]	$53,878
Residential energy tax credit	$0
Child tax credit	$13,009
Child and dependent care credit	$5,907
Earned income credit [6]	$576,137
Excess earned income credit (refundable) [7]	$511,437
Alternative minimum tax	$0
Income tax [8]	$301,467
Total tax liability [9]	$445,343
Tax due at time of filing [10]	$77,829
Overpayments refunded [11]	($1,198,831)

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

Number of returns [1]	773
Number of joint returns	260
Number of returns with paid preparer's signature	411
Number of exemptions	1,510
Number of dependents	259
Adjust gross income (AGI) [2]	$27,953,740
Salaries and wages	$22,014,316
Taxable interest	$760,288
Ordinary dividends	$415,561
Business or professional net income (less loss)	$801,285
Net capital gain (less loss)	$21,679
Taxable individual retirement arrangements distributions	$651,009
Taxable pensions and annuities	$2,185,032
Unemployment compensation [3]	$90,308
Taxable Social Security benefits	$930,774
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,793,556
State and local income taxes	$316,391
State and local general sales tax	$57,198
Real estate taxes	$324,025
Taxes paid	$714,595
Mortgage interest paid	$1,125,796
Contributions	$607,024
Taxable income	$14,816,883
Total tax credits [5]	$272,677
Residential energy tax credit	$0
Child tax credit	$179,884
Child and dependent care credit	$22,143
Earned income credit [6]	$150,182
Excess earned income credit (refundable) [7]	$118,089
Alternative minimum tax	$0
Income tax [8]	$1,579,690
Total tax liability [9]	$1,738,148
Tax due at time of filing [10]	$127,711
Overpayments refunded [11]	($1,443,385)

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

Number of returns [1]	462
Number of joint returns	293
Number of returns with paid preparer's signature	278
Number of exemptions	1,113
Number of dependents	179
Adjust gross income (AGI) [2]	$28,570,428
Salaries and wages	$19,842,072
Taxable interest	$752,196
Ordinary dividends	$722,607
Business or professional net income (less loss)	$1,089,370
Net capital gain (less loss)	$192,592
Taxable individual retirement arrangements distributions	$991,838
Taxable pensions and annuities	$2,432,056
Unemployment compensation [3]	$65,470
Taxable Social Security benefits	$1,960,943
Self-employment retirement plans	$190,288
Total itemized deductions [4]	$4,728,023
State and local income taxes	$559,978
State and local general sales tax	$59,755
Real estate taxes	$374,724
Taxes paid	$1,014,498
Mortgage interest paid	$1,357,060
Contributions	$943,174
Taxable income	$17,890,728
Total tax credits [5]	$302,387
Residential energy tax credit	$0
Child tax credit	$233,608
Child and dependent care credit	$16,702
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,179,714
Total tax liability [9]	$2,417,507
Tax due at time of filing [10]	$242,637
Overpayments refunded [11]	($925,184)

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

Number of returns [1]	325
Number of joint returns	256
Number of returns with paid preparer's signature	168
Number of exemptions	849
Number of dependents	153
Adjust gross income (AGI) [2]	$28,035,712
Salaries and wages	$20,930,575
Taxable interest	$501,674
Ordinary dividends	$517,049
Business or professional net income (less loss)	$399,037
Net capital gain (less loss)	$183,504
Taxable individual retirement arrangements distributions	$1,255,582
Taxable pensions and annuities	$1,991,114
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,309,387
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,692,612
State and local income taxes	$802,878
State and local general sales tax	$21,602
Real estate taxes	$376,686
Taxes paid	$1,246,645
Mortgage interest paid	$1,453,260
Contributions	$893,526
Taxable income	$19,335,008
Total tax credits [5]	$254,055
Residential energy tax credit	$0
Child tax credit	$192,962
Child and dependent care credit	$20,317
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,573,596
Total tax liability [9]	$2,698,053
Tax due at time of filing [10]	$215,278
Overpayments refunded [11]	($773,542)

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

Number of returns [1]	469
Number of joint returns	411
Number of returns with paid preparer's signature	290
Number of exemptions	1,290
Number of dependents	201
Adjust gross income (AGI) [2]	$62,190,970
Salaries and wages	$40,995,966
Taxable interest	$1,887,036
Ordinary dividends	$1,992,621
Business or professional net income (less loss)	$2,376,875
Net capital gain (less loss)	$1,732,155
Taxable individual retirement arrangements distributions	$3,366,177
Taxable pensions and annuities	$3,857,852
Unemployment compensation [3]	$0
Taxable Social Security benefits	$2,380,588
Self-employment retirement plans	$0
Total itemized deductions [4]	$10,549,686
State and local income taxes	$2,291,605
State and local general sales tax	$56,574
Real estate taxes	$884,242
Taxes paid	$3,264,358
Mortgage interest paid	$2,661,975
Contributions	$2,615,466
Taxable income	$46,317,821
Total tax credits [5]	$204,285
Residential energy tax credit	$0
Child tax credit	$140,700
Child and dependent care credit	$15,869
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$59,515
Income tax [8]	$8,016,556
Total tax liability [9]	$8,403,847
Tax due at time of filing [10]	$882,905
Overpayments refunded [11]	($1,189,430)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	213
Number of joint returns	182
Number of returns with paid preparer's signature	175
Number of exemptions	618
Number of dependents	106
Adjust gross income (AGI) [2]	$106,969,382
Salaries and wages	$49,018,610
Taxable interest	$3,622,970
Ordinary dividends	$3,578,423
Business or professional net income (less loss)	$4,960,115
Net capital gain (less loss)	$14,903,296
Taxable individual retirement arrangements distributions	$2,048,803
Taxable pensions and annuities	$1,913,302
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,096,598
Self-employment retirement plans	$311,419
Total itemized deductions [4]	$12,899,241
State and local income taxes	$4,628,840
State and local general sales tax	$0
Real estate taxes	$837,913
Taxes paid	$5,497,628
Mortgage interest paid	$2,274,900
Contributions	$4,098,730
Taxable income	$92,320,560
Total tax credits [5]	$107,178
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$4,684
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$760,252
Income tax [8]	$24,386,235
Total tax liability [9]	$24,866,694
Tax due at time of filing [10]	$4,334,505
Overpayments refunded [11]	($1,042,282)

[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.