Home » Arizona » MARICOPA County » PHOENIX, AZ » ZIP Code 85067 » Tax Stats

85067 Income Tax Overview

Total Number of Tax Returns for ZIP Code 85067 [1]	526
Total Number of Joint Tax Returns for ZIP Code 85067	95
Total Number of Dependents for ZIP Code 85067	133
Total Adjusted Gross Income for ZIP Code 85067	24,996,429
Average Income per Person for ZIP Code 85067	$24,996,429

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]	62
Number of joint returns	11
Number of returns with paid preparer's signature	33
Number of exemptions	85
Number of dependents	15
Adjust gross income (AGI) [2]	$209,609
Salaries and wages	$169,668
Taxable interest	$2,682
Ordinary dividends	$0
Business or professional net income (less loss)	$91,418
Net capital gain (less loss)	($3,186)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$41,018
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$0
State and local income taxes	$5,613
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$0
Mortgage interest paid	$0
Contributions	$0
Taxable income	$0
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$26,081
Excess earned income credit (refundable) [7]	$21,226
Alternative minimum tax	$0
Income tax [8]	$0
Total tax liability [9]	$17,625
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($35,377)

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

Number of returns [1]	120
Number of joint returns	0
Number of returns with paid preparer's signature	54
Number of exemptions	175
Number of dependents	28
Adjust gross income (AGI) [2]	$2,227,873
Salaries and wages	$1,738,513
Taxable interest	$69,411
Ordinary dividends	$0
Business or professional net income (less loss)	$128,186
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$66,166
Taxable pensions and annuities	$237,852
Unemployment compensation [3]	$0
Taxable Social Security benefits	$11,680
Self-employment retirement plans	$0
Total itemized deductions [4]	$438,199
State and local income taxes	$0
State and local general sales tax	$10,663
Real estate taxes	$35,696
Taxes paid	$60,817
Mortgage interest paid	$185,494
Contributions	$17,800
Taxable income	$802,972
Total tax credits [5]	$11,267
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$69,592
Excess earned income credit (refundable) [7]	$64,624
Alternative minimum tax	$0
Income tax [8]	$77,071
Total tax liability [9]	$101,010
Tax due at time of filing [10]	$29,027
Overpayments refunded [11]	($172,172)

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

Number of returns [1]	176
Number of joint returns	10
Number of returns with paid preparer's signature	91
Number of exemptions	269
Number of dependents	45
Adjust gross income (AGI) [2]	$6,560,852
Salaries and wages	$5,824,785
Taxable interest	$30,656
Ordinary dividends	$64,844
Business or professional net income (less loss)	$200,505
Net capital gain (less loss)	($12,594)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$297,815
Unemployment compensation [3]	$25,329
Taxable Social Security benefits	$90,902
Self-employment retirement plans	$0
Total itemized deductions [4]	$980,849
State and local income taxes	$57,663
State and local general sales tax	$14,593
Real estate taxes	$66,944
Taxes paid	$149,783
Mortgage interest paid	$339,809
Contributions	$76,255
Taxable income	$3,953,428
Total tax credits [5]	$53,719
Residential energy tax credit	$0
Child tax credit	$28,874
Child and dependent care credit	$0
Earned income credit [6]	$22,222
Excess earned income credit (refundable) [7]	$20,734
Alternative minimum tax	$0
Income tax [8]	$469,924
Total tax liability [9]	$508,273
Tax due at time of filing [10]	$44,861
Overpayments refunded [11]	($256,923)

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

Number of returns [1]	91
Number of joint returns	27
Number of returns with paid preparer's signature	51
Number of exemptions	157
Number of dependents	21
Adjust gross income (AGI) [2]	$5,496,397
Salaries and wages	$4,345,478
Taxable interest	$79,101
Ordinary dividends	$30,379
Business or professional net income (less loss)	$79,064
Net capital gain (less loss)	$41,311
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$440,840
Unemployment compensation [3]	$0
Taxable Social Security benefits	$230,588
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,318,502
State and local income taxes	$114,523
State and local general sales tax	$18,183
Real estate taxes	$106,520
Taxes paid	$255,980
Mortgage interest paid	$652,812
Contributions	$115,747
Taxable income	$3,424,021
Total tax credits [5]	$28,017
Residential energy tax credit	$0
Child tax credit	$35,049
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$482,547
Total tax liability [9]	$531,075
Tax due at time of filing [10]	$52,465
Overpayments refunded [11]	($235,193)

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

Number of returns [1]	34
Number of joint returns	17
Number of returns with paid preparer's signature	17
Number of exemptions	75
Number of dependents	12
Adjust gross income (AGI) [2]	$2,938,372
Salaries and wages	$2,548,996
Taxable interest	$29,877
Ordinary dividends	$0
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$195,074
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$606,584
State and local income taxes	$76,530
State and local general sales tax	$0
Real estate taxes	$58,358
Taxes paid	$157,008
Mortgage interest paid	$278,365
Contributions	$40,829
Taxable income	$1,997,388
Total tax credits [5]	$15,020
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	$0
Income tax [8]	$313,503
Total tax liability [9]	$318,279
Tax due at time of filing [10]	$24,533
Overpayments refunded [11]	($85,014)

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

Number of returns [1]	43
Number of joint returns	30
Number of returns with paid preparer's signature	22
Number of exemptions	95
Number of dependents	12
Adjust gross income (AGI) [2]	$7,563,326
Salaries and wages	$4,427,434
Taxable interest	$197,227
Ordinary dividends	$17,759
Business or professional net income (less loss)	$308,406
Net capital gain (less loss)	$294,335
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,480,437
State and local income taxes	$286,732
State and local general sales tax	$0
Real estate taxes	$91,693
Taxes paid	$417,862
Mortgage interest paid	$501,641
Contributions	$121,422
Taxable income	$5,713,342
Total tax credits [5]	$11,079
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	$0
Income tax [8]	$1,168,968
Total tax liability [9]	$1,225,431
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($142,604)

[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.