Home » Arizona » MARICOPA County » ZIP Code 85027 » Tax Stats

85027 Income Tax Overview

Total Number of Tax Returns for ZIP Code 85027 [1]	16,597
Total Number of Joint Tax Returns for ZIP Code 85027	5,449
Total Number of Dependents for ZIP Code 85027	5,726
Total Adjusted Gross Income for ZIP Code 85027	717,252,661
Average Income per Person for ZIP Code 85027	$19,312

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]	2,275
Number of joint returns	233
Number of returns with paid preparer's signature	961
Number of exemptions	2,593
Number of dependents	368
Adjust gross income (AGI) [2]	$9,255,299
Salaries and wages	$11,347,857
Taxable interest	$449,361
Ordinary dividends	$370,257
Business or professional net income (less loss)	($637,343)
Net capital gain (less loss)	($65,408)
Taxable individual retirement arrangements distributions	$305,759
Taxable pensions and annuities	$856,492
Unemployment compensation [3]	$197,549
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,548,937
State and local income taxes	$90,695
State and local general sales tax	$65,017
Real estate taxes	$254,584
Taxes paid	$448,897
Mortgage interest paid	$1,923,791
Contributions	$74,027
Taxable income	$440,132
Total tax credits [5]	$606
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$818,212
Excess earned income credit (refundable) [7]	$708,303
Alternative minimum tax	$0
Income tax [8]	$43,034
Total tax liability [9]	$287,231
Tax due at time of filing [10]	$90,122
Overpayments refunded [11]	($1,832,647)

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

Number of returns [1]	3,709
Number of joint returns	501
Number of returns with paid preparer's signature	1,828
Number of exemptions	6,085
Number of dependents	1,152
Adjust gross income (AGI) [2]	$64,784,164
Salaries and wages	$55,553,157
Taxable interest	$799,758
Ordinary dividends	$369,473
Business or professional net income (less loss)	$2,907,571
Net capital gain (less loss)	($52,056)
Taxable individual retirement arrangements distributions	$1,019,929
Taxable pensions and annuities	$3,782,468
Unemployment compensation [3]	$993,368
Taxable Social Security benefits	$189,383
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,470,917
State and local income taxes	$143,746
State and local general sales tax	$168,052
Real estate taxes	$517,073
Taxes paid	$962,108
Mortgage interest paid	$3,737,055
Contributions	$430,449
Taxable income	$20,252,610
Total tax credits [5]	$382,067
Residential energy tax credit	$0
Child tax credit	$118,769
Child and dependent care credit	$29,651
Earned income credit [6]	$2,776,421
Excess earned income credit (refundable) [7]	$2,472,638
Alternative minimum tax	$0
Income tax [8]	$1,846,054
Total tax liability [9]	$2,432,707
Tax due at time of filing [10]	$281,728
Overpayments refunded [11]	($6,656,046)

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

Number of returns [1]	5,381
Number of joint returns	1,216
Number of returns with paid preparer's signature	2,421
Number of exemptions	9,924
Number of dependents	1,835
Adjust gross income (AGI) [2]	$196,717,815
Salaries and wages	$180,910,492
Taxable interest	$1,244,123
Ordinary dividends	$552,567
Business or professional net income (less loss)	$2,959,625
Net capital gain (less loss)	$85,107
Taxable individual retirement arrangements distributions	$1,813,844
Taxable pensions and annuities	$6,691,044
Unemployment compensation [3]	$776,811
Taxable Social Security benefits	$2,082,048
Self-employment retirement plans	$100,012
Total itemized deductions [4]	$28,169,992
State and local income taxes	$1,625,422
State and local general sales tax	$520,627
Real estate taxes	$1,886,926
Taxes paid	$4,529,443
Mortgage interest paid	$15,701,133
Contributions	$1,748,694
Taxable income	$109,490,267
Total tax credits [5]	$1,978,064
Residential energy tax credit	$0
Child tax credit	$1,296,948
Child and dependent care credit	$139,450
Earned income credit [6]	$897,836
Excess earned income credit (refundable) [7]	$719,373
Alternative minimum tax	$0
Income tax [8]	$12,136,937
Total tax liability [9]	$12,864,192
Tax due at time of filing [10]	$694,494
Overpayments refunded [11]	($10,591,758)

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

Number of returns [1]	2,716
Number of joint returns	1,468
Number of returns with paid preparer's signature	1,365
Number of exemptions	6,185
Number of dependents	1,145
Adjust gross income (AGI) [2]	$166,071,764
Salaries and wages	$149,818,392
Taxable interest	$1,040,492
Ordinary dividends	$489,844
Business or professional net income (less loss)	$2,619,672
Net capital gain (less loss)	$39,107
Taxable individual retirement arrangements distributions	$1,920,682
Taxable pensions and annuities	$6,002,508
Unemployment compensation [3]	$354,836
Taxable Social Security benefits	$3,115,860
Self-employment retirement plans	$0
Total itemized deductions [4]	$30,026,143
State and local income taxes	$2,654,198
State and local general sales tax	$387,563
Real estate taxes	$2,150,075
Taxes paid	$5,764,773
Mortgage interest paid	$16,081,517
Contributions	$2,260,182
Taxable income	$104,708,214
Total tax credits [5]	$1,766,015
Residential energy tax credit	$18,684
Child tax credit	$1,421,683
Child and dependent care credit	$83,814
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$14,568
Income tax [8]	$13,334,549
Total tax liability [9]	$13,904,080
Tax due at time of filing [10]	$837,871
Overpayments refunded [11]	($5,898,081)

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

Number of returns [1]	1,452
Number of joint returns	1,111
Number of returns with paid preparer's signature	739
Number of exemptions	3,826
Number of dependents	700
Adjust gross income (AGI) [2]	$124,908,169
Salaries and wages	$110,915,189
Taxable interest	$1,025,387
Ordinary dividends	$342,838
Business or professional net income (less loss)	$2,204,754
Net capital gain (less loss)	$286,238
Taxable individual retirement arrangements distributions	$1,477,978
Taxable pensions and annuities	$5,273,218
Unemployment compensation [3]	$179,937
Taxable Social Security benefits	$1,944,431
Self-employment retirement plans	$0
Total itemized deductions [4]	$21,437,581
State and local income taxes	$2,529,820
State and local general sales tax	$322,454
Real estate taxes	$1,444,973
Taxes paid	$4,761,468
Mortgage interest paid	$11,643,250
Contributions	$2,058,237
Taxable income	$86,050,778
Total tax credits [5]	$1,168,059
Residential energy tax credit	$16,343
Child tax credit	$902,386
Child and dependent care credit	$72,831
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$11,836,900
Total tax liability [9]	$12,355,336
Tax due at time of filing [10]	$844,704
Overpayments refunded [11]	($3,225,357)

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

Number of returns [1]	991
Number of joint returns	860
Number of returns with paid preparer's signature	525
Number of exemptions	2,706
Number of dependents	487
Adjust gross income (AGI) [2]	$123,752,209
Salaries and wages	$108,945,720
Taxable interest	$1,094,153
Ordinary dividends	$642,568
Business or professional net income (less loss)	$1,466,891
Net capital gain (less loss)	$954,165
Taxable individual retirement arrangements distributions	$1,364,631
Taxable pensions and annuities	$5,257,712
Unemployment compensation [3]	$111,752
Taxable Social Security benefits	$1,470,401
Self-employment retirement plans	$0
Total itemized deductions [4]	$21,546,613
State and local income taxes	$3,879,693
State and local general sales tax	$188,667
Real estate taxes	$1,444,167
Taxes paid	$5,976,254
Mortgage interest paid	$10,382,407
Contributions	$2,132,653
Taxable income	$91,351,922
Total tax credits [5]	$528,485
Residential energy tax credit	$0
Child tax credit	$390,849
Child and dependent care credit	$62,903
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$52,844
Income tax [8]	$15,601,640
Total tax liability [9]	$16,033,894
Tax due at time of filing [10]	$1,169,278
Overpayments refunded [11]	($3,243,520)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	73
Number of joint returns	60
Number of returns with paid preparer's signature	49
Number of exemptions	208
Number of dependents	39
Adjust gross income (AGI) [2]	$31,763,241
Salaries and wages	$17,254,503
Taxable interest	$534,130
Ordinary dividends	$286,956
Business or professional net income (less loss)	$514,349
Net capital gain (less loss)	$2,804,916
Taxable individual retirement arrangements distributions	$290,454
Taxable pensions and annuities	$1,586,857
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,915,767
State and local income taxes	$1,542,143
State and local general sales tax	$0
Real estate taxes	$237,757
Taxes paid	$1,841,978
Mortgage interest paid	$1,059,484
Contributions	$327,418
Taxable income	$27,149,614
Total tax credits [5]	$87,571
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	$65,111
Income tax [8]	$7,110,936
Total tax liability [9]	$7,238,858
Tax due at time of filing [10]	$992,923
Overpayments refunded [11]	($175,008)

[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.