Home » Utah » SALT LAKE County » ZIP Code 84117 » Tax Stats

84117 Income Tax Overview

Total Number of Tax Returns for ZIP Code 84117 [1]	11,809
Total Number of Joint Tax Returns for ZIP Code 84117	4,575
Total Number of Dependents for ZIP Code 84117	3,229
Total Adjusted Gross Income for ZIP Code 84117	1,019,619,526
Average Income per Person for ZIP Code 84117	$41,951

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]	1,968
Number of joint returns	211
Number of returns with paid preparer's signature	1,042
Number of exemptions	1,834
Number of dependents	196
Adjust gross income (AGI) [2]	$4,731,847
Salaries and wages	$9,457,737
Taxable interest	$2,820,692
Ordinary dividends	$1,564,234
Business or professional net income (less loss)	($605,858)
Net capital gain (less loss)	$9,075,532
Taxable individual retirement arrangements distributions	$543,490
Taxable pensions and annuities	$805,489
Unemployment compensation [3]	$52,334
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,366,180
State and local income taxes	$848,740
State and local general sales tax	$30,067
Real estate taxes	$847,349
Taxes paid	$2,450,699
Mortgage interest paid	$2,773,203
Contributions	$121,101
Taxable income	$559,592
Total tax credits [5]	$691
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$350,911
Excess earned income credit (refundable) [7]	$296,944
Alternative minimum tax	$0
Income tax [8]	$65,113
Total tax liability [9]	$248,664
Tax due at time of filing [10]	$105,292
Overpayments refunded [11]	($1,847,748)

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

Number of returns [1]	2,386
Number of joint returns	419
Number of returns with paid preparer's signature	1,154
Number of exemptions	3,446
Number of dependents	501
Adjust gross income (AGI) [2]	$41,284,321
Salaries and wages	$30,702,148
Taxable interest	$1,327,134
Ordinary dividends	$1,191,320
Business or professional net income (less loss)	$1,850,533
Net capital gain (less loss)	$187,857
Taxable individual retirement arrangements distributions	$1,510,610
Taxable pensions and annuities	$4,200,247
Unemployment compensation [3]	$503,764
Taxable Social Security benefits	$339,460
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,759,963
State and local income taxes	$436,344
State and local general sales tax	$74,292
Real estate taxes	$504,640
Taxes paid	$1,033,510
Mortgage interest paid	$1,771,446
Contributions	$711,680
Taxable income	$13,537,137
Total tax credits [5]	$232,315
Residential energy tax credit	$0
Child tax credit	$46,857
Child and dependent care credit	$14,274
Earned income credit [6]	$1,299,707
Excess earned income credit (refundable) [7]	$1,159,512
Alternative minimum tax	$0
Income tax [8]	$1,272,639
Total tax liability [9]	$1,637,928
Tax due at time of filing [10]	$243,542
Overpayments refunded [11]	($3,571,824)

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

Number of returns [1]	2,925
Number of joint returns	820
Number of returns with paid preparer's signature	1,381
Number of exemptions	4,977
Number of dependents	706
Adjust gross income (AGI) [2]	$105,055,015
Salaries and wages	$81,834,054
Taxable interest	$2,473,631
Ordinary dividends	$2,107,446
Business or professional net income (less loss)	$3,156,737
Net capital gain (less loss)	$257,621
Taxable individual retirement arrangements distributions	$2,603,883
Taxable pensions and annuities	$8,637,726
Unemployment compensation [3]	$502,600
Taxable Social Security benefits	$3,311,185
Self-employment retirement plans	$53,962
Total itemized deductions [4]	$14,957,707
State and local income taxes	$1,514,491
State and local general sales tax	$167,197
Real estate taxes	$1,349,021
Taxes paid	$3,124,140
Mortgage interest paid	$5,800,599
Contributions	$2,400,779
Taxable income	$58,907,726
Total tax credits [5]	$834,376
Residential energy tax credit	$0
Child tax credit	$438,893
Child and dependent care credit	$40,490
Earned income credit [6]	$364,586
Excess earned income credit (refundable) [7]	$290,934
Alternative minimum tax	$0
Income tax [8]	$6,635,032
Total tax liability [9]	$7,269,826
Tax due at time of filing [10]	$706,330
Overpayments refunded [11]	($4,481,758)

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

Number of returns [1]	1,647
Number of joint returns	842
Number of returns with paid preparer's signature	895
Number of exemptions	3,436
Number of dependents	524
Adjust gross income (AGI) [2]	$101,034,444
Salaries and wages	$72,451,381
Taxable interest	$2,782,352
Ordinary dividends	$2,168,433
Business or professional net income (less loss)	$2,801,539
Net capital gain (less loss)	$954,191
Taxable individual retirement arrangements distributions	$3,094,208
Taxable pensions and annuities	$10,449,268
Unemployment compensation [3]	$258,559
Taxable Social Security benefits	$5,627,010
Self-employment retirement plans	$151,959
Total itemized deductions [4]	$19,147,410
State and local income taxes	$2,878,405
State and local general sales tax	$83,416
Real estate taxes	$1,825,733
Taxes paid	$4,881,328
Mortgage interest paid	$7,430,988
Contributions	$3,779,608
Taxable income	$63,940,152
Total tax credits [5]	$830,952
Residential energy tax credit	$0
Child tax credit	$604,015
Child and dependent care credit	$32,929
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$8,517,267
Total tax liability [9]	$9,075,364
Tax due at time of filing [10]	$753,868
Overpayments refunded [11]	($3,456,747)

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

Number of returns [1]	942
Number of joint returns	642
Number of returns with paid preparer's signature	557
Number of exemptions	2,294
Number of dependents	348
Adjust gross income (AGI) [2]	$81,503,291
Salaries and wages	$54,435,062
Taxable interest	$2,584,080
Ordinary dividends	$1,897,484
Business or professional net income (less loss)	$1,832,822
Net capital gain (less loss)	$623,762
Taxable individual retirement arrangements distributions	$3,429,667
Taxable pensions and annuities	$8,839,593
Unemployment compensation [3]	$131,093
Taxable Social Security benefits	$4,763,605
Self-employment retirement plans	$0
Total itemized deductions [4]	$17,694,272
State and local income taxes	$2,910,981
State and local general sales tax	$63,678
Real estate taxes	$1,638,771
Taxes paid	$4,691,944
Mortgage interest paid	$6,782,426
Contributions	$3,746,151
Taxable income	$53,564,286
Total tax credits [5]	$662,289
Residential energy tax credit	$0
Child tax credit	$457,117
Child and dependent care credit	$15,498
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,439,446
Total tax liability [9]	$7,843,956
Tax due at time of filing [10]	$878,580
Overpayments refunded [11]	($2,078,270)

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

Number of returns [1]	1,299
Number of joint returns	1,069
Number of returns with paid preparer's signature	830
Number of exemptions	3,644
Number of dependents	602
Adjust gross income (AGI) [2]	$176,560,009
Salaries and wages	$115,062,885
Taxable interest	$6,409,891
Ordinary dividends	$6,055,563
Business or professional net income (less loss)	$8,013,217
Net capital gain (less loss)	$5,228,018
Taxable individual retirement arrangements distributions	$5,650,902
Taxable pensions and annuities	$13,370,904
Unemployment compensation [3]	$118,689
Taxable Social Security benefits	$7,055,922
Self-employment retirement plans	$791,158
Total itemized deductions [4]	$40,432,917
State and local income taxes	$8,618,623
State and local general sales tax	$65,642
Real estate taxes	$3,647,598
Taxes paid	$12,520,793
Mortgage interest paid	$12,867,855
Contributions	$8,780,692
Taxable income	$124,322,056
Total tax credits [5]	$690,665
Residential energy tax credit	$0
Child tax credit	$422,093
Child and dependent care credit	$26,495
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$162,948
Income tax [8]	$21,567,968
Total tax liability [9]	$22,957,671
Tax due at time of filing [10]	$2,532,347
Overpayments refunded [11]	($4,056,718)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	642
Number of joint returns	572
Number of returns with paid preparer's signature	532
Number of exemptions	2,096
Number of dependents	352
Adjust gross income (AGI) [2]	$509,450,599
Salaries and wages	$158,032,441
Taxable interest	$20,625,614
Ordinary dividends	$29,458,436
Business or professional net income (less loss)	$13,885,314
Net capital gain (less loss)	$198,692,512
Taxable individual retirement arrangements distributions	$3,751,477
Taxable pensions and annuities	$6,174,523
Unemployment compensation [3]	$0
Taxable Social Security benefits	$2,787,514
Self-employment retirement plans	$1,465,616
Total itemized deductions [4]	$76,958,116
State and local income taxes	$23,971,155
State and local general sales tax	$41,175
Real estate taxes	$4,691,302
Taxes paid	$28,948,579
Mortgage interest paid	$10,768,440
Contributions	$27,596,396
Taxable income	$428,336,780
Total tax credits [5]	$418,523
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$9,951
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$4,101,272
Income tax [8]	$99,545,604
Total tax liability [9]	$101,352,513
Tax due at time of filing [10]	$11,285,873
Overpayments refunded [11]	($7,273,002)

[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.