Home » Arizona » MARICOPA County » ZIP Code 85374 » Tax Stats

85374 Income Tax Overview

Total Number of Tax Returns for ZIP Code 85374 [1]	20,237
Total Number of Joint Tax Returns for ZIP Code 85374	10,129
Total Number of Dependents for ZIP Code 85374	5,588
Total Adjusted Gross Income for ZIP Code 85374	987,278,248
Average Income per Person for ZIP Code 85374	$20,941

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]	2,458
Number of joint returns	513
Number of returns with paid preparer's signature	1,221
Number of exemptions	3,306
Number of dependents	392
Adjust gross income (AGI) [2]	$8,422,827
Salaries and wages	$9,191,356
Taxable interest	$1,556,934
Ordinary dividends	$1,011,703
Business or professional net income (less loss)	($1,179,969)
Net capital gain (less loss)	$109,171
Taxable individual retirement arrangements distributions	$1,687,353
Taxable pensions and annuities	$2,949,094
Unemployment compensation [3]	$208,218
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,263,404
State and local income taxes	$224,657
State and local general sales tax	$153,108
Real estate taxes	$689,559
Taxes paid	$1,162,975
Mortgage interest paid	$3,817,848
Contributions	$207,661
Taxable income	$287,032
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$796,025
Excess earned income credit (refundable) [7]	$711,155
Alternative minimum tax	$0
Income tax [8]	$27,904
Total tax liability [9]	$278,974
Tax due at time of filing [10]	$63,327
Overpayments refunded [11]	($1,870,479)

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

Number of returns [1]	4,357
Number of joint returns	1,282
Number of returns with paid preparer's signature	2,309
Number of exemptions	7,792
Number of dependents	1,196
Adjust gross income (AGI) [2]	$75,525,286
Salaries and wages	$44,513,240
Taxable interest	$3,832,415
Ordinary dividends	$2,805,141
Business or professional net income (less loss)	$3,008,678
Net capital gain (less loss)	($737,628)
Taxable individual retirement arrangements distributions	$5,924,203
Taxable pensions and annuities	$15,326,572
Unemployment compensation [3]	$724,424
Taxable Social Security benefits	$852,329
Self-employment retirement plans	$0
Total itemized deductions [4]	$14,825,281
State and local income taxes	$231,904
State and local general sales tax	$438,993
Real estate taxes	$1,200,134
Taxes paid	$2,090,286
Mortgage interest paid	$5,780,899
Contributions	$999,870
Taxable income	$16,767,170
Total tax credits [5]	$265,365
Residential energy tax credit	$0
Child tax credit	$118,351
Child and dependent care credit	$21,321
Earned income credit [6]	$3,120,458
Excess earned income credit (refundable) [7]	$2,777,030
Alternative minimum tax	$0
Income tax [8]	$1,505,277
Total tax liability [9]	$2,096,056
Tax due at time of filing [10]	$268,644
Overpayments refunded [11]	($7,360,042)

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

Number of returns [1]	5,519
Number of joint returns	2,249
Number of returns with paid preparer's signature	2,962
Number of exemptions	10,745
Number of dependents	1,601
Adjust gross income (AGI) [2]	$201,412,370
Salaries and wages	$130,164,432
Taxable interest	$5,798,520
Ordinary dividends	$4,357,218
Business or professional net income (less loss)	$2,890,342
Net capital gain (less loss)	($243,000)
Taxable individual retirement arrangements distributions	$11,421,006
Taxable pensions and annuities	$35,410,784
Unemployment compensation [3]	$897,638
Taxable Social Security benefits	$11,787,844
Self-employment retirement plans	$0
Total itemized deductions [4]	$39,447,872
State and local income taxes	$1,446,078
State and local general sales tax	$1,173,094
Real estate taxes	$3,122,372
Taxes paid	$6,431,495
Mortgage interest paid	$18,445,519
Contributions	$3,218,306
Taxable income	$98,048,373
Total tax credits [5]	$1,702,545
Residential energy tax credit	$14,548
Child tax credit	$1,167,354
Child and dependent care credit	$125,786
Earned income credit [6]	$885,708
Excess earned income credit (refundable) [7]	$748,952
Alternative minimum tax	$0
Income tax [8]	$10,183,852
Total tax liability [9]	$10,933,115
Tax due at time of filing [10]	$934,979
Overpayments refunded [11]	($10,771,727)

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

Number of returns [1]	3,723
Number of joint returns	2,446
Number of returns with paid preparer's signature	2,058
Number of exemptions	8,332
Number of dependents	1,154
Adjust gross income (AGI) [2]	$230,292,769
Salaries and wages	$132,161,022
Taxable interest	$7,067,405
Ordinary dividends	$5,666,627
Business or professional net income (less loss)	$3,180,293
Net capital gain (less loss)	$393,786
Taxable individual retirement arrangements distributions	$13,311,191
Taxable pensions and annuities	$45,742,852
Unemployment compensation [3]	$525,792
Taxable Social Security benefits	$22,034,012
Self-employment retirement plans	$175,528
Total itemized deductions [4]	$45,306,038
State and local income taxes	$2,904,757
State and local general sales tax	$1,247,445
Real estate taxes	$3,501,322
Taxes paid	$8,516,342
Mortgage interest paid	$21,955,947
Contributions	$3,947,917
Taxable income	$140,775,608
Total tax credits [5]	$1,949,752
Residential energy tax credit	$17,565
Child tax credit	$1,533,588
Child and dependent care credit	$124,729
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$17,342,510
Total tax liability [9]	$18,111,305
Tax due at time of filing [10]	$1,541,589
Overpayments refunded [11]	($7,337,923)

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

Number of returns [1]	2,305
Number of joint returns	1,982
Number of returns with paid preparer's signature	1,317
Number of exemptions	5,625
Number of dependents	718
Adjust gross income (AGI) [2]	$198,552,441
Salaries and wages	$109,982,288
Taxable interest	$5,561,644
Ordinary dividends	$4,385,594
Business or professional net income (less loss)	$2,612,150
Net capital gain (less loss)	$904,471
Taxable individual retirement arrangements distributions	$15,842,527
Taxable pensions and annuities	$38,114,889
Unemployment compensation [3]	$297,862
Taxable Social Security benefits	$19,420,374
Self-employment retirement plans	$0
Total itemized deductions [4]	$36,101,973
State and local income taxes	$3,357,541
State and local general sales tax	$877,680
Real estate taxes	$2,894,773
Taxes paid	$7,913,381
Mortgage interest paid	$17,477,729
Contributions	$3,612,612
Taxable income	$134,530,106
Total tax credits [5]	$1,434,300
Residential energy tax credit	$0
Child tax credit	$1,051,014
Child and dependent care credit	$100,446
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$17,729,629
Total tax liability [9]	$18,385,547
Tax due at time of filing [10]	$1,480,125
Overpayments refunded [11]	($4,926,556)

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

Number of returns [1]	1,690
Number of joint returns	1,497
Number of returns with paid preparer's signature	1,028
Number of exemptions	4,145
Number of dependents	503
Adjust gross income (AGI) [2]	$213,819,747
Salaries and wages	$115,721,726
Taxable interest	$6,710,203
Ordinary dividends	$6,904,547
Business or professional net income (less loss)	$3,785,549
Net capital gain (less loss)	$4,181,831
Taxable individual retirement arrangements distributions	$16,739,777
Taxable pensions and annuities	$39,264,935
Unemployment compensation [3]	$125,578
Taxable Social Security benefits	$14,595,716
Self-employment retirement plans	$501,089
Total itemized deductions [4]	$37,394,993
State and local income taxes	$5,556,827
State and local general sales tax	$628,289
Real estate taxes	$3,018,001
Taxes paid	$10,005,541
Mortgage interest paid	$16,850,160
Contributions	$4,231,392
Taxable income	$158,151,653
Total tax credits [5]	$857,057
Residential energy tax credit	$0
Child tax credit	$529,048
Child and dependent care credit	$86,709
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$133,191
Income tax [8]	$26,449,461
Total tax liability [9]	$27,306,737
Tax due at time of filing [10]	$2,634,480
Overpayments refunded [11]	($4,055,944)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	185
Number of joint returns	160
Number of returns with paid preparer's signature	149
Number of exemptions	387
Number of dependents	24
Adjust gross income (AGI) [2]	$59,252,808
Salaries and wages	$19,000,158
Taxable interest	$2,886,946
Ordinary dividends	$3,176,922
Business or professional net income (less loss)	$3,872,818
Net capital gain (less loss)	$10,667,558
Taxable individual retirement arrangements distributions	$4,699,637
Taxable pensions and annuities	$4,787,522
Unemployment compensation [3]	$0
Taxable Social Security benefits	$2,200,651
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,346,425
State and local income taxes	$2,181,948
State and local general sales tax	$33,136
Real estate taxes	$607,388
Taxes paid	$2,948,023
Mortgage interest paid	$1,857,530
Contributions	$1,109,477
Taxable income	$49,431,881
Total tax credits [5]	$147,472
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	$385,309
Income tax [8]	$10,706,116
Total tax liability [9]	$11,049,632
Tax due at time of filing [10]	$1,772,304
Overpayments refunded [11]	($711,386)

[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.