Home » Arizona » MARICOPA County » ZIP Code 85029 » Tax Stats

85029 Income Tax Overview

Total Number of Tax Returns for ZIP Code 85029 [1]	17,887
Total Number of Joint Tax Returns for ZIP Code 85029	5,582
Total Number of Dependents for ZIP Code 85029	7,242
Total Adjusted Gross Income for ZIP Code 85029	693,442,712
Average Income per Person for ZIP Code 85029	$16,040

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]	2,657
Number of joint returns	287
Number of returns with paid preparer's signature	1,264
Number of exemptions	3,468
Number of dependents	613
Adjust gross income (AGI) [2]	$11,649,966
Salaries and wages	$12,929,672
Taxable interest	$532,809
Ordinary dividends	$248,005
Business or professional net income (less loss)	($320,925)
Net capital gain (less loss)	($171,636)
Taxable individual retirement arrangements distributions	$348,887
Taxable pensions and annuities	$991,365
Unemployment compensation [3]	$194,775
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,284,497
State and local income taxes	$158,704
State and local general sales tax	$39,394
Real estate taxes	$241,726
Taxes paid	$477,288
Mortgage interest paid	$1,637,022
Contributions	$59,498
Taxable income	$480,048
Total tax credits [5]	$760
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,209,684
Excess earned income credit (refundable) [7]	$1,077,508
Alternative minimum tax	$0
Income tax [8]	$46,456
Total tax liability [9]	$296,578
Tax due at time of filing [10]	$74,580
Overpayments refunded [11]	($2,421,445)

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

Number of returns [1]	4,971
Number of joint returns	752
Number of returns with paid preparer's signature	2,857
Number of exemptions	9,934
Number of dependents	2,188
Adjust gross income (AGI) [2]	$87,660,651
Salaries and wages	$74,518,451
Taxable interest	$1,289,920
Ordinary dividends	$706,300
Business or professional net income (less loss)	$3,841,267
Net capital gain (less loss)	($149,134)
Taxable individual retirement arrangements distributions	$1,287,372
Taxable pensions and annuities	$5,603,384
Unemployment compensation [3]	$1,237,622
Taxable Social Security benefits	$264,718
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,268,029
State and local income taxes	$157,559
State and local general sales tax	$189,756
Real estate taxes	$603,302
Taxes paid	$1,087,280
Mortgage interest paid	$3,544,848
Contributions	$554,098
Taxable income	$22,942,170
Total tax credits [5]	$486,699
Residential energy tax credit	$0
Child tax credit	$225,000
Child and dependent care credit	$30,164
Earned income credit [6]	$4,827,211
Excess earned income credit (refundable) [7]	$4,356,530
Alternative minimum tax	$0
Income tax [8]	$2,007,303
Total tax liability [9]	$2,699,374
Tax due at time of filing [10]	$263,178
Overpayments refunded [11]	($10,439,672)

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

Number of returns [1]	5,795
Number of joint returns	1,533
Number of returns with paid preparer's signature	3,086
Number of exemptions	12,723
Number of dependents	2,541
Adjust gross income (AGI) [2]	$207,155,421
Salaries and wages	$184,467,006
Taxable interest	$1,600,639
Ordinary dividends	$993,532
Business or professional net income (less loss)	$3,469,593
Net capital gain (less loss)	$112,251
Taxable individual retirement arrangements distributions	$2,521,315
Taxable pensions and annuities	$10,230,993
Unemployment compensation [3]	$838,538
Taxable Social Security benefits	$3,272,270
Self-employment retirement plans	$60,194
Total itemized deductions [4]	$28,474,635
State and local income taxes	$1,408,880
State and local general sales tax	$539,290
Real estate taxes	$2,074,719
Taxes paid	$4,501,335
Mortgage interest paid	$14,428,100
Contributions	$2,083,531
Taxable income	$104,910,557
Total tax credits [5]	$2,345,229
Residential energy tax credit	$14,023
Child tax credit	$1,710,035
Child and dependent care credit	$159,167
Earned income credit [6]	$1,338,120
Excess earned income credit (refundable) [7]	$1,103,191
Alternative minimum tax	$0
Income tax [8]	$10,863,741
Total tax liability [9]	$11,682,680
Tax due at time of filing [10]	$774,343
Overpayments refunded [11]	($12,461,283)

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

Number of returns [1]	2,418
Number of joint returns	1,382
Number of returns with paid preparer's signature	1,302
Number of exemptions	5,790
Number of dependents	1,024
Adjust gross income (AGI) [2]	$147,611,736
Salaries and wages	$123,842,391
Taxable interest	$1,705,329
Ordinary dividends	$961,601
Business or professional net income (less loss)	$2,617,314
Net capital gain (less loss)	$170,523
Taxable individual retirement arrangements distributions	$2,508,484
Taxable pensions and annuities	$9,763,931
Unemployment compensation [3]	$319,713
Taxable Social Security benefits	$5,101,753
Self-employment retirement plans	$0
Total itemized deductions [4]	$25,006,202
State and local income taxes	$2,131,852
State and local general sales tax	$465,060
Real estate taxes	$1,851,930
Taxes paid	$4,957,009
Mortgage interest paid	$12,230,955
Contributions	$2,374,256
Taxable income	$92,683,606
Total tax credits [5]	$1,555,364
Residential energy tax credit	$16,623
Child tax credit	$1,239,475
Child and dependent care credit	$83,205
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$11,704,057
Total tax liability [9]	$12,305,334
Tax due at time of filing [10]	$960,833
Overpayments refunded [11]	($5,128,964)

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

Number of returns [1]	1,183
Number of joint returns	907
Number of returns with paid preparer's signature	651
Number of exemptions	3,054
Number of dependents	524
Adjust gross income (AGI) [2]	$101,591,095
Salaries and wages	$84,044,952
Taxable interest	$1,481,314
Ordinary dividends	$874,513
Business or professional net income (less loss)	$1,364,524
Net capital gain (less loss)	$359,914
Taxable individual retirement arrangements distributions	$2,100,928
Taxable pensions and annuities	$7,289,793
Unemployment compensation [3]	$112,181
Taxable Social Security benefits	$3,522,039
Self-employment retirement plans	$0
Total itemized deductions [4]	$16,547,070
State and local income taxes	$2,072,517
State and local general sales tax	$214,569
Real estate taxes	$1,267,738
Taxes paid	$3,904,977
Mortgage interest paid	$8,151,551
Contributions	$1,730,023
Taxable income	$70,531,348
Total tax credits [5]	$862,836
Residential energy tax credit	$0
Child tax credit	$636,886
Child and dependent care credit	$62,434
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,690,743
Total tax liability [9]	$10,024,639
Tax due at time of filing [10]	$646,313
Overpayments refunded [11]	($2,725,966)

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

Number of returns [1]	762
Number of joint returns	637
Number of returns with paid preparer's signature	426
Number of exemptions	1,975
Number of dependents	313
Adjust gross income (AGI) [2]	$96,079,834
Salaries and wages	$75,647,208
Taxable interest	$1,662,884
Ordinary dividends	$978,262
Business or professional net income (less loss)	$2,322,708
Net capital gain (less loss)	$1,096,738
Taxable individual retirement arrangements distributions	$2,325,996
Taxable pensions and annuities	$7,361,170
Unemployment compensation [3]	$83,397
Taxable Social Security benefits	$2,386,967
Self-employment retirement plans	$0
Total itemized deductions [4]	$15,304,530
State and local income taxes	$2,789,729
State and local general sales tax	$119,021
Real estate taxes	$1,248,550
Taxes paid	$4,466,670
Mortgage interest paid	$6,598,398
Contributions	$2,013,347
Taxable income	$72,451,547
Total tax credits [5]	$307,734
Residential energy tax credit	$0
Child tax credit	$228,918
Child and dependent care credit	$35,510
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$15,905
Income tax [8]	$12,627,851
Total tax liability [9]	$13,137,916
Tax due at time of filing [10]	$1,220,601
Overpayments refunded [11]	($1,631,210)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	101
Number of joint returns	84
Number of returns with paid preparer's signature	76
Number of exemptions	251
Number of dependents	39
Adjust gross income (AGI) [2]	$41,694,009
Salaries and wages	$27,049,725
Taxable interest	$817,987
Ordinary dividends	$694,720
Business or professional net income (less loss)	$1,553,223
Net capital gain (less loss)	$811,260
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$1,077,761
Unemployment compensation [3]	$0
Taxable Social Security benefits	$197,388
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,713,864
State and local income taxes	$1,314,344
State and local general sales tax	$0
Real estate taxes	$369,279
Taxes paid	$1,750,562
Mortgage interest paid	$1,508,164
Contributions	$652,778
Taxable income	$36,162,713
Total tax credits [5]	$43,546
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	$203,695
Income tax [8]	$9,992,674
Total tax liability [9]	$10,312,892
Tax due at time of filing [10]	$998,602
Overpayments refunded [11]	($439,301)

[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.