Home » Colorado » ADAMS County » ZIP Code 80234 » Tax Stats

80234 Income Tax Overview

Total Number of Tax Returns for ZIP Code 80234 [1]	12,131
Total Number of Joint Tax Returns for ZIP Code 80234	4,485
Total Number of Dependents for ZIP Code 80234	3,923
Total Adjusted Gross Income for ZIP Code 80234	739,312,470
Average Income per Person for ZIP Code 80234	$28,504

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]	1,761
Number of joint returns	126
Number of returns with paid preparer's signature	700
Number of exemptions	1,566
Number of dependents	196
Adjust gross income (AGI) [2]	$6,608,854
Salaries and wages	$8,236,869
Taxable interest	$476,526
Ordinary dividends	$268,045
Business or professional net income (less loss)	$149,775
Net capital gain (less loss)	$889,514
Taxable individual retirement arrangements distributions	$520,820
Taxable pensions and annuities	$483,286
Unemployment compensation [3]	$81,582
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,387,642
State and local income taxes	$91,927
State and local general sales tax	$19,411
Real estate taxes	$225,495
Taxes paid	$360,241
Mortgage interest paid	$929,967
Contributions	$40,942
Taxable income	$497,902
Total tax credits [5]	$771
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$446,625
Excess earned income credit (refundable) [7]	$395,772
Alternative minimum tax	$0
Income tax [8]	$47,142
Total tax liability [9]	$245,257
Tax due at time of filing [10]	$68,075
Overpayments refunded [11]	($1,021,684)

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

Number of returns [1]	2,346
Number of joint returns	303
Number of returns with paid preparer's signature	1,074
Number of exemptions	3,602
Number of dependents	642
Adjust gross income (AGI) [2]	$41,122,119
Salaries and wages	$34,077,494
Taxable interest	$660,996
Ordinary dividends	$413,921
Business or professional net income (less loss)	$2,304,999
Net capital gain (less loss)	($1,890)
Taxable individual retirement arrangements distributions	$940,064
Taxable pensions and annuities	$2,796,805
Unemployment compensation [3]	$564,021
Taxable Social Security benefits	$159,011
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,110,559
State and local income taxes	$119,374
State and local general sales tax	$59,539
Real estate taxes	$395,721
Taxes paid	$614,648
Mortgage interest paid	$2,021,189
Contributions	$254,230
Taxable income	$13,783,110
Total tax credits [5]	$298,639
Residential energy tax credit	$0
Child tax credit	$86,812
Child and dependent care credit	$28,277
Earned income credit [6]	$1,613,300
Excess earned income credit (refundable) [7]	$1,425,793
Alternative minimum tax	$0
Income tax [8]	$1,212,477
Total tax liability [9]	$1,619,610
Tax due at time of filing [10]	$175,529
Overpayments refunded [11]	($3,951,894)

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

Number of returns [1]	3,117
Number of joint returns	697
Number of returns with paid preparer's signature	1,407
Number of exemptions	5,528
Number of dependents	980
Adjust gross income (AGI) [2]	$113,750,335
Salaries and wages	$98,962,721
Taxable interest	$998,631
Ordinary dividends	$785,344
Business or professional net income (less loss)	$2,265,809
Net capital gain (less loss)	$183,932
Taxable individual retirement arrangements distributions	$1,687,259
Taxable pensions and annuities	$6,715,165
Unemployment compensation [3]	$966,440
Taxable Social Security benefits	$1,981,000
Self-employment retirement plans	$0
Total itemized deductions [4]	$13,542,526
State and local income taxes	$1,048,595
State and local general sales tax	$210,049
Real estate taxes	$1,299,551
Taxes paid	$2,736,223
Mortgage interest paid	$7,105,395
Contributions	$1,056,836
Taxable income	$65,117,869
Total tax credits [5]	$1,134,384
Residential energy tax credit	$0
Child tax credit	$725,933
Child and dependent care credit	$77,765
Earned income credit [6]	$506,489
Excess earned income credit (refundable) [7]	$414,112
Alternative minimum tax	$0
Income tax [8]	$7,260,902
Total tax liability [9]	$7,813,472
Tax due at time of filing [10]	$578,764
Overpayments refunded [11]	($5,479,185)

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

Number of returns [1]	1,832
Number of joint returns	874
Number of returns with paid preparer's signature	901
Number of exemptions	3,976
Number of dependents	679
Adjust gross income (AGI) [2]	$112,671,613
Salaries and wages	$93,364,003
Taxable interest	$1,634,889
Ordinary dividends	$1,314,082
Business or professional net income (less loss)	$1,989,426
Net capital gain (less loss)	$225,165
Taxable individual retirement arrangements distributions	$2,627,237
Taxable pensions and annuities	$8,125,384
Unemployment compensation [3]	$371,681
Taxable Social Security benefits	$3,417,388
Self-employment retirement plans	$61,842
Total itemized deductions [4]	$20,956,222
State and local income taxes	$2,219,438
State and local general sales tax	$246,480
Real estate taxes	$1,979,450
Taxes paid	$4,848,256
Mortgage interest paid	$11,185,805
Contributions	$1,642,306
Taxable income	$71,372,176
Total tax credits [5]	$1,096,847
Residential energy tax credit	$0
Child tax credit	$862,107
Child and dependent care credit	$56,177
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,360,314
Total tax liability [9]	$9,817,568
Tax due at time of filing [10]	$652,982
Overpayments refunded [11]	($4,192,921)

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

Number of returns [1]	1,185
Number of joint returns	849
Number of returns with paid preparer's signature	584
Number of exemptions	2,921
Number of dependents	504
Adjust gross income (AGI) [2]	$102,680,833
Salaries and wages	$84,638,815
Taxable interest	$1,314,365
Ordinary dividends	$925,832
Business or professional net income (less loss)	$1,540,373
Net capital gain (less loss)	$529,146
Taxable individual retirement arrangements distributions	$2,749,049
Taxable pensions and annuities	$7,223,749
Unemployment compensation [3]	$281,508
Taxable Social Security benefits	$2,536,662
Self-employment retirement plans	$0
Total itemized deductions [4]	$19,712,297
State and local income taxes	$2,793,846
State and local general sales tax	$105,867
Real estate taxes	$1,869,815
Taxes paid	$5,009,529
Mortgage interest paid	$10,399,329
Contributions	$1,878,931
Taxable income	$69,795,387
Total tax credits [5]	$882,516
Residential energy tax credit	$0
Child tax credit	$628,510
Child and dependent care credit	$64,477
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,732,123
Total tax liability [9]	$10,224,043
Tax due at time of filing [10]	$516,601
Overpayments refunded [11]	($2,961,696)

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

Number of returns [1]	1,513
Number of joint returns	1,310
Number of returns with paid preparer's signature	738
Number of exemptions	4,167
Number of dependents	734
Adjust gross income (AGI) [2]	$202,029,880
Salaries and wages	$166,591,114
Taxable interest	$2,796,969
Ordinary dividends	$1,969,157
Business or professional net income (less loss)	$4,117,133
Net capital gain (less loss)	$2,329,902
Taxable individual retirement arrangements distributions	$4,124,760
Taxable pensions and annuities	$12,144,368
Unemployment compensation [3]	$288,555
Taxable Social Security benefits	$3,079,031
Self-employment retirement plans	$352,943
Total itemized deductions [4]	$36,371,990
State and local income taxes	$7,060,146
State and local general sales tax	$186,550
Real estate taxes	$3,567,315
Taxes paid	$11,336,956
Mortgage interest paid	$18,222,068
Contributions	$3,727,363
Taxable income	$149,552,219
Total tax credits [5]	$696,157
Residential energy tax credit	$0
Child tax credit	$489,908
Child and dependent care credit	$79,531
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$82,029
Income tax [8]	$26,309,812
Total tax liability [9]	$27,165,880
Tax due at time of filing [10]	$2,064,260
Overpayments refunded [11]	($4,227,191)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	377
Number of joint returns	326
Number of returns with paid preparer's signature	265
Number of exemptions	1,036
Number of dependents	188
Adjust gross income (AGI) [2]	$160,448,836
Salaries and wages	$88,414,427
Taxable interest	$5,480,563
Ordinary dividends	$3,043,300
Business or professional net income (less loss)	$5,016,612
Net capital gain (less loss)	$28,180,056
Taxable individual retirement arrangements distributions	$1,925,473
Taxable pensions and annuities	$3,812,055
Unemployment compensation [3]	$0
Taxable Social Security benefits	$807,476
Self-employment retirement plans	$643,272
Total itemized deductions [4]	$17,860,477
State and local income taxes	$6,383,289
State and local general sales tax	$0
Real estate taxes	$1,737,478
Taxes paid	$8,376,766
Mortgage interest paid	$6,301,619
Contributions	$2,425,916
Taxable income	$139,373,140
Total tax credits [5]	$182,910
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$18,477
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$902,557
Income tax [8]	$34,584,682
Total tax liability [9]	$35,347,685
Tax due at time of filing [10]	$4,573,850
Overpayments refunded [11]	($1,604,075)

[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.