Home » Colorado » EL PASO County » ZIP Code 80909 » Tax Stats

80909 Income Tax Overview

Total Number of Tax Returns for ZIP Code 80909 [1]	15,511
Total Number of Joint Tax Returns for ZIP Code 80909	5,247
Total Number of Dependents for ZIP Code 80909	4,766
Total Adjusted Gross Income for ZIP Code 80909	586,420,339
Average Income per Person for ZIP Code 80909	$16,408

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]	3,077
Number of joint returns	319
Number of returns with paid preparer's signature	1,311
Number of exemptions	3,801
Number of dependents	644
Adjust gross income (AGI) [2]	$13,060,170
Salaries and wages	$13,268,972
Taxable interest	$656,209
Ordinary dividends	$420,016
Business or professional net income (less loss)	$701,895
Net capital gain (less loss)	($122,478)
Taxable individual retirement arrangements distributions	$442,772
Taxable pensions and annuities	$1,235,958
Unemployment compensation [3]	$310,919
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,894,610
State and local income taxes	$117,849
State and local general sales tax	$35,143
Real estate taxes	$135,663
Taxes paid	$304,045
Mortgage interest paid	$1,312,553
Contributions	$77,276
Taxable income	$523,676
Total tax credits [5]	$1,143
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,407,977
Excess earned income credit (refundable) [7]	$1,285,757
Alternative minimum tax	$0
Income tax [8]	$51,633
Total tax liability [9]	$314,953
Tax due at time of filing [10]	$84,963
Overpayments refunded [11]	($2,448,777)

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

Number of returns [1]	4,282
Number of joint returns	760
Number of returns with paid preparer's signature	2,089
Number of exemptions	7,411
Number of dependents	1,395
Adjust gross income (AGI) [2]	$74,191,485
Salaries and wages	$57,981,360
Taxable interest	$1,754,096
Ordinary dividends	$875,096
Business or professional net income (less loss)	$3,698,560
Net capital gain (less loss)	$119,119
Taxable individual retirement arrangements distributions	$1,686,059
Taxable pensions and annuities	$7,670,758
Unemployment compensation [3]	$1,230,642
Taxable Social Security benefits	$235,794
Self-employment retirement plans	$46,398
Total itemized deductions [4]	$6,270,646
State and local income taxes	$166,921
State and local general sales tax	$100,210
Real estate taxes	$297,379
Taxes paid	$605,673
Mortgage interest paid	$2,457,132
Contributions	$472,191
Taxable income	$21,758,319
Total tax credits [5]	$340,780
Residential energy tax credit	$0
Child tax credit	$129,130
Child and dependent care credit	$30,321
Earned income credit [6]	$3,756,293
Excess earned income credit (refundable) [7]	$3,432,183
Alternative minimum tax	$0
Income tax [8]	$2,019,122
Total tax liability [9]	$2,663,996
Tax due at time of filing [10]	$320,571
Overpayments refunded [11]	($7,771,221)

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

Number of returns [1]	4,249
Number of joint returns	1,421
Number of returns with paid preparer's signature	2,008
Number of exemptions	8,328
Number of dependents	1,434
Adjust gross income (AGI) [2]	$151,818,798
Salaries and wages	$119,560,878
Taxable interest	$2,749,047
Ordinary dividends	$1,475,354
Business or professional net income (less loss)	$3,450,396
Net capital gain (less loss)	$9,987
Taxable individual retirement arrangements distributions	$2,864,026
Taxable pensions and annuities	$17,141,426
Unemployment compensation [3]	$1,137,808
Taxable Social Security benefits	$3,730,870
Self-employment retirement plans	$0
Total itemized deductions [4]	$17,471,697
State and local income taxes	$1,379,500
State and local general sales tax	$165,981
Real estate taxes	$871,522
Taxes paid	$2,603,589
Mortgage interest paid	$8,652,430
Contributions	$1,729,377
Taxable income	$81,177,980
Total tax credits [5]	$1,508,413
Residential energy tax credit	$0
Child tax credit	$1,003,470
Child and dependent care credit	$91,943
Earned income credit [6]	$879,364
Excess earned income credit (refundable) [7]	$749,052
Alternative minimum tax	$0
Income tax [8]	$8,615,302
Total tax liability [9]	$9,378,221
Tax due at time of filing [10]	$725,651
Overpayments refunded [11]	($7,788,757)

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

Number of returns [1]	2,045
Number of joint returns	1,234
Number of returns with paid preparer's signature	1,056
Number of exemptions	4,443
Number of dependents	672
Adjust gross income (AGI) [2]	$125,138,491
Salaries and wages	$87,660,389
Taxable interest	$2,728,593
Ordinary dividends	$1,400,121
Business or professional net income (less loss)	$2,762,802
Net capital gain (less loss)	$639,402
Taxable individual retirement arrangements distributions	$2,954,320
Taxable pensions and annuities	$20,587,596
Unemployment compensation [3]	$518,898
Taxable Social Security benefits	$5,645,178
Self-employment retirement plans	$37,650
Total itemized deductions [4]	$16,889,197
State and local income taxes	$1,964,781
State and local general sales tax	$111,131
Real estate taxes	$806,192
Taxes paid	$3,081,848
Mortgage interest paid	$8,180,528
Contributions	$1,913,662
Taxable income	$82,276,516
Total tax credits [5]	$1,078,350
Residential energy tax credit	$0
Child tax credit	$783,751
Child and dependent care credit	$56,448
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$10,637,443
Total tax liability [9]	$11,222,678
Tax due at time of filing [10]	$882,741
Overpayments refunded [11]	($3,572,816)

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

Number of returns [1]	1,000
Number of joint returns	784
Number of returns with paid preparer's signature	514
Number of exemptions	2,407
Number of dependents	346
Adjust gross income (AGI) [2]	$86,130,320
Salaries and wages	$60,219,360
Taxable interest	$2,093,132
Ordinary dividends	$1,214,167
Business or professional net income (less loss)	$1,396,969
Net capital gain (less loss)	$696,164
Taxable individual retirement arrangements distributions	$2,629,279
Taxable pensions and annuities	$12,983,896
Unemployment compensation [3]	$223,427
Taxable Social Security benefits	$3,632,443
Self-employment retirement plans	$0
Total itemized deductions [4]	$12,551,256
State and local income taxes	$1,909,771
State and local general sales tax	$65,896
Real estate taxes	$628,905
Taxes paid	$2,772,775
Mortgage interest paid	$5,608,657
Contributions	$1,989,332
Taxable income	$61,332,263
Total tax credits [5]	$595,746
Residential energy tax credit	$0
Child tax credit	$394,113
Child and dependent care credit	$27,173
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$8,532,263
Total tax liability [9]	$8,861,068
Tax due at time of filing [10]	$580,037
Overpayments refunded [11]	($1,914,550)

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

Number of returns [1]	764
Number of joint returns	647
Number of returns with paid preparer's signature	462
Number of exemptions	1,875
Number of dependents	254
Adjust gross income (AGI) [2]	$96,881,321
Salaries and wages	$57,228,688
Taxable interest	$3,222,093
Ordinary dividends	$2,580,847
Business or professional net income (less loss)	$2,728,384
Net capital gain (less loss)	$2,556,646
Taxable individual retirement arrangements distributions	$3,861,164
Taxable pensions and annuities	$17,168,340
Unemployment compensation [3]	$94,409
Taxable Social Security benefits	$3,767,938
Self-employment retirement plans	$296,938
Total itemized deductions [4]	$14,051,638
State and local income taxes	$2,810,479
State and local general sales tax	$58,716
Real estate taxes	$693,610
Taxes paid	$3,729,656
Mortgage interest paid	$4,954,893
Contributions	$2,955,621
Taxable income	$74,190,587
Total tax credits [5]	$288,000
Residential energy tax credit	$0
Child tax credit	$172,300
Child and dependent care credit	$18,256
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$34,943
Income tax [8]	$12,831,190
Total tax liability [9]	$13,433,780
Tax due at time of filing [10]	$1,291,269
Overpayments refunded [11]	($1,600,548)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	94
Number of joint returns	82
Number of returns with paid preparer's signature	72
Number of exemptions	220
Number of dependents	21
Adjust gross income (AGI) [2]	$39,199,754
Salaries and wages	$9,444,602
Taxable interest	$1,386,490
Ordinary dividends	$1,472,639
Business or professional net income (less loss)	$697,657
Net capital gain (less loss)	$6,335,881
Taxable individual retirement arrangements distributions	$1,538,114
Taxable pensions and annuities	$2,013,418
Unemployment compensation [3]	$0
Taxable Social Security benefits	$614,187
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,616,126
State and local income taxes	$1,427,581
State and local general sales tax	$0
Real estate taxes	$203,772
Taxes paid	$1,675,208
Mortgage interest paid	$916,530
Contributions	$765,408
Taxable income	$33,793,400
Total tax credits [5]	$365,082
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	$200,433
Income tax [8]	$7,363,267
Total tax liability [9]	$7,613,750
Tax due at time of filing [10]	$1,715,191
Overpayments refunded [11]	($637,014)

[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.