Home » California » RIVERSIDE County » ZIP Code 92501 » Tax Stats

92501 Income Tax Overview

Total Number of Tax Returns for ZIP Code 92501 [1]	7,581
Total Number of Joint Tax Returns for ZIP Code 92501	2,320
Total Number of Dependents for ZIP Code 92501	3,543
Total Adjusted Gross Income for ZIP Code 92501	315,116,251
Average Income per Person for ZIP Code 92501	$15,027

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]	1,300
Number of joint returns	121
Number of returns with paid preparer's signature	743
Number of exemptions	1,711
Number of dependents	311
Adjust gross income (AGI) [2]	$5,646,865
Salaries and wages	$6,043,957
Taxable interest	$161,427
Ordinary dividends	$88,936
Business or professional net income (less loss)	$426,072
Net capital gain (less loss)	($83,690)
Taxable individual retirement arrangements distributions	$60,195
Taxable pensions and annuities	$361,423
Unemployment compensation [3]	$244,220
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,281,827
State and local income taxes	$68,823
State and local general sales tax	$10,848
Real estate taxes	$144,302
Taxes paid	$234,619
Mortgage interest paid	$698,468
Contributions	$22,411
Taxable income	$195,084
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$674,405
Excess earned income credit (refundable) [7]	$588,716
Alternative minimum tax	$0
Income tax [8]	$19,006
Total tax liability [9]	$186,154
Tax due at time of filing [10]	$49,688
Overpayments refunded [11]	($1,253,045)

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

Number of returns [1]	2,203
Number of joint returns	337
Number of returns with paid preparer's signature	1,491
Number of exemptions	4,552
Number of dependents	1,111
Adjust gross income (AGI) [2]	$38,027,972
Salaries and wages	$32,081,571
Taxable interest	$348,454
Ordinary dividends	$170,992
Business or professional net income (less loss)	$2,092,886
Net capital gain (less loss)	($18,048)
Taxable individual retirement arrangements distributions	$372,439
Taxable pensions and annuities	$1,502,897
Unemployment compensation [3]	$1,509,424
Taxable Social Security benefits	$44,280
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,201,946
State and local income taxes	$68,711
State and local general sales tax	$42,035
Real estate taxes	$321,921
Taxes paid	$481,767
Mortgage interest paid	$1,761,315
Contributions	$163,654
Taxable income	$9,322,377
Total tax credits [5]	$225,160
Residential energy tax credit	$0
Child tax credit	$105,299
Child and dependent care credit	$15,962
Earned income credit [6]	$2,653,579
Excess earned income credit (refundable) [7]	$2,381,249
Alternative minimum tax	$0
Income tax [8]	$786,758
Total tax liability [9]	$1,187,935
Tax due at time of filing [10]	$140,653
Overpayments refunded [11]	($5,093,090)

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

Number of returns [1]	2,088
Number of joint returns	620
Number of returns with paid preparer's signature	1,403
Number of exemptions	5,128
Number of dependents	1,146
Adjust gross income (AGI) [2]	$74,701,769
Salaries and wages	$67,171,109
Taxable interest	$482,093
Ordinary dividends	$201,316
Business or professional net income (less loss)	$1,590,637
Net capital gain (less loss)	($11,172)
Taxable individual retirement arrangements distributions	$395,648
Taxable pensions and annuities	$3,134,990
Unemployment compensation [3]	$1,285,509
Taxable Social Security benefits	$633,773
Self-employment retirement plans	$0
Total itemized deductions [4]	$10,979,238
State and local income taxes	$511,654
State and local general sales tax	$158,754
Real estate taxes	$1,160,343
Taxes paid	$2,056,553
Mortgage interest paid	$5,588,756
Contributions	$579,319
Taxable income	$34,967,374
Total tax credits [5]	$1,061,097
Residential energy tax credit	$0
Child tax credit	$731,065
Child and dependent care credit	$87,935
Earned income credit [6]	$689,164
Excess earned income credit (refundable) [7]	$601,437
Alternative minimum tax	$0
Income tax [8]	$3,310,780
Total tax liability [9]	$3,644,641
Tax due at time of filing [10]	$310,659
Overpayments refunded [11]	($4,890,331)

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

Number of returns [1]	1,021
Number of joint returns	525
Number of returns with paid preparer's signature	711
Number of exemptions	2,651
Number of dependents	499
Adjust gross income (AGI) [2]	$62,122,966
Salaries and wages	$53,943,039
Taxable interest	$669,946
Ordinary dividends	$372,192
Business or professional net income (less loss)	$939,767
Net capital gain (less loss)	$132,881
Taxable individual retirement arrangements distributions	$505,481
Taxable pensions and annuities	$3,866,718
Unemployment compensation [3]	$632,453
Taxable Social Security benefits	$1,157,918
Self-employment retirement plans	$0
Total itemized deductions [4]	$13,684,492
State and local income taxes	$1,270,682
State and local general sales tax	$160,758
Real estate taxes	$1,312,022
Taxes paid	$2,963,963
Mortgage interest paid	$6,591,105
Contributions	$1,071,077
Taxable income	$35,574,404
Total tax credits [5]	$760,354
Residential energy tax credit	$0
Child tax credit	$621,989
Child and dependent care credit	$46,476
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$13,573
Income tax [8]	$4,334,909
Total tax liability [9]	$4,587,540
Tax due at time of filing [10]	$338,629
Overpayments refunded [11]	($2,744,635)

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

Number of returns [1]	493
Number of joint returns	352
Number of returns with paid preparer's signature	336
Number of exemptions	1,358
Number of dependents	257
Adjust gross income (AGI) [2]	$42,347,695
Salaries and wages	$36,258,596
Taxable interest	$435,995
Ordinary dividends	$271,329
Business or professional net income (less loss)	$536,149
Net capital gain (less loss)	$256
Taxable individual retirement arrangements distributions	$544,932
Taxable pensions and annuities	$2,660,632
Unemployment compensation [3]	$300,749
Taxable Social Security benefits	$815,195
Self-employment retirement plans	$0
Total itemized deductions [4]	$10,520,673
State and local income taxes	$1,352,763
State and local general sales tax	$71,437
Real estate taxes	$951,696
Taxes paid	$2,523,895
Mortgage interest paid	$5,140,879
Contributions	$870,607
Taxable income	$26,099,587
Total tax credits [5]	$486,555
Residential energy tax credit	$0
Child tax credit	$355,838
Child and dependent care credit	$32,314
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,397,775
Total tax liability [9]	$3,553,354
Tax due at time of filing [10]	$254,172
Overpayments refunded [11]	($1,628,960)

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

Number of returns [1]	417
Number of joint returns	314
Number of returns with paid preparer's signature	302
Number of exemptions	1,103
Number of dependents	193
Adjust gross income (AGI) [2]	$54,380,226
Salaries and wages	$44,053,401
Taxable interest	$982,404
Ordinary dividends	$682,190
Business or professional net income (less loss)	$1,751,538
Net capital gain (less loss)	$532,548
Taxable individual retirement arrangements distributions	$1,315,199
Taxable pensions and annuities	$3,489,980
Unemployment compensation [3]	$108,556
Taxable Social Security benefits	$667,100
Self-employment retirement plans	$0
Total itemized deductions [4]	$12,324,614
State and local income taxes	$2,514,161
State and local general sales tax	$50,552
Real estate taxes	$1,119,051
Taxes paid	$3,856,767
Mortgage interest paid	$5,542,227
Contributions	$1,110,661
Taxable income	$37,743,022
Total tax credits [5]	$201,054
Residential energy tax credit	$0
Child tax credit	$141,000
Child and dependent care credit	$29,942
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$69,560
Income tax [8]	$6,606,885
Total tax liability [9]	$6,873,974
Tax due at time of filing [10]	$577,836
Overpayments refunded [11]	($1,410,613)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	59
Number of joint returns	51
Number of returns with paid preparer's signature	53
Number of exemptions	171
Number of dependents	26
Adjust gross income (AGI) [2]	$37,888,758
Salaries and wages	$9,457,235
Taxable interest	$1,192,330
Ordinary dividends	$333,406
Business or professional net income (less loss)	$1,678,378
Net capital gain (less loss)	$2,365,235
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$822,015
Unemployment compensation [3]	$0
Taxable Social Security benefits	$268,143
Self-employment retirement plans	$336,588
Total itemized deductions [4]	$4,810,593
State and local income taxes	$2,130,983
State and local general sales tax	$0
Real estate taxes	$458,957
Taxes paid	$2,760,410
Mortgage interest paid	$1,367,049
Contributions	$372,409
Taxable income	$29,467,726
Total tax credits [5]	$19,999
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	$414,030
Income tax [8]	$8,193,168
Total tax liability [9]	$8,508,549
Tax due at time of filing [10]	$1,172,908
Overpayments refunded [11]	($121,905)

[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.