Home » California » MERCED County » ATWATER, CA » ZIP Code 95301 » Tax Stats

95301 Income Tax Overview

Total Number of Tax Returns for ZIP Code 95301 [1]	12,971
Total Number of Joint Tax Returns for ZIP Code 95301	5,731
Total Number of Dependents for ZIP Code 95301	6,354
Total Adjusted Gross Income for ZIP Code 95301	565,213,801
Average Income per Person for ZIP Code 95301	$15,246

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]	2,101
Number of joint returns	297
Number of returns with paid preparer's signature	1,166
Number of exemptions	2,901
Number of dependents	553
Adjust gross income (AGI) [2]	$7,797,154
Salaries and wages	$10,099,998
Taxable interest	$951,316
Ordinary dividends	$151,656
Business or professional net income (less loss)	($370,003)
Net capital gain (less loss)	$1,156,798
Taxable individual retirement arrangements distributions	$254,833
Taxable pensions and annuities	$1,067,393
Unemployment compensation [3]	$498,518
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,022,483
State and local income taxes	$297,893
State and local general sales tax	$26,906
Real estate taxes	$428,810
Taxes paid	$796,764
Mortgage interest paid	$2,028,026
Contributions	$46,652
Taxable income	$387,443
Total tax credits [5]	$556
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,063,477
Excess earned income credit (refundable) [7]	$947,530
Alternative minimum tax	$0
Income tax [8]	$37,313
Total tax liability [9]	$299,765
Tax due at time of filing [10]	$70,051
Overpayments refunded [11]	($2,178,744)

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

Number of returns [1]	3,494
Number of joint returns	841
Number of returns with paid preparer's signature	2,226
Number of exemptions	7,575
Number of dependents	1,714
Adjust gross income (AGI) [2]	$60,418,367
Salaries and wages	$46,246,907
Taxable interest	$1,055,734
Ordinary dividends	$396,922
Business or professional net income (less loss)	$3,197,407
Net capital gain (less loss)	($591)
Taxable individual retirement arrangements distributions	$870,427
Taxable pensions and annuities	$6,111,113
Unemployment compensation [3]	$2,645,815
Taxable Social Security benefits	$222,492
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,652,600
State and local income taxes	$210,329
State and local general sales tax	$129,145
Real estate taxes	$601,205
Taxes paid	$1,151,822
Mortgage interest paid	$2,805,179
Contributions	$319,923
Taxable income	$13,426,468
Total tax credits [5]	$259,801
Residential energy tax credit	$0
Child tax credit	$150,999
Child and dependent care credit	$17,095
Earned income credit [6]	$4,180,111
Excess earned income credit (refundable) [7]	$3,770,362
Alternative minimum tax	$0
Income tax [8]	$1,180,058
Total tax liability [9]	$1,809,247
Tax due at time of filing [10]	$241,471
Overpayments refunded [11]	($7,989,073)

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

Number of returns [1]	3,433
Number of joint returns	1,520
Number of returns with paid preparer's signature	2,261
Number of exemptions	9,262
Number of dependents	1,939
Adjust gross income (AGI) [2]	$123,162,670
Salaries and wages	$100,189,684
Taxable interest	$1,676,832
Ordinary dividends	$416,654
Business or professional net income (less loss)	$3,765,749
Net capital gain (less loss)	$59,522
Taxable individual retirement arrangements distributions	$1,575,813
Taxable pensions and annuities	$11,347,592
Unemployment compensation [3]	$2,826,135
Taxable Social Security benefits	$2,617,615
Self-employment retirement plans	$0
Total itemized deductions [4]	$15,874,531
State and local income taxes	$777,075
State and local general sales tax	$388,520
Real estate taxes	$1,721,542
Taxes paid	$3,137,326
Mortgage interest paid	$7,951,076
Contributions	$1,274,478
Taxable income	$53,967,840
Total tax credits [5]	$1,622,301
Residential energy tax credit	$0
Child tax credit	$1,311,574
Child and dependent care credit	$97,928
Earned income credit [6]	$1,234,830
Excess earned income credit (refundable) [7]	$1,039,371
Alternative minimum tax	$0
Income tax [8]	$4,935,615
Total tax liability [9]	$5,757,911
Tax due at time of filing [10]	$626,006
Overpayments refunded [11]	($8,471,690)

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

Number of returns [1]	1,788
Number of joint returns	1,198
Number of returns with paid preparer's signature	1,143
Number of exemptions	5,045
Number of dependents	956
Adjust gross income (AGI) [2]	$110,515,366
Salaries and wages	$85,295,469
Taxable interest	$1,828,108
Ordinary dividends	$669,826
Business or professional net income (less loss)	$2,205,411
Net capital gain (less loss)	$245,606
Taxable individual retirement arrangements distributions	$1,642,867
Taxable pensions and annuities	$12,935,060
Unemployment compensation [3]	$1,264,069
Taxable Social Security benefits	$4,554,970
Self-employment retirement plans	$0
Total itemized deductions [4]	$21,286,220
State and local income taxes	$2,067,555
State and local general sales tax	$319,167
Real estate taxes	$2,196,392
Taxes paid	$4,932,630
Mortgage interest paid	$10,674,221
Contributions	$1,835,225
Taxable income	$63,887,582
Total tax credits [5]	$1,490,963
Residential energy tax credit	$0
Child tax credit	$1,271,760
Child and dependent care credit	$66,409
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,324,102
Total tax liability [9]	$8,001,425
Tax due at time of filing [10]	$842,057
Overpayments refunded [11]	($4,461,136)

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

Number of returns [1]	1,026
Number of joint returns	834
Number of returns with paid preparer's signature	686
Number of exemptions	3,004
Number of dependents	539
Adjust gross income (AGI) [2]	$88,495,015
Salaries and wages	$69,364,354
Taxable interest	$1,490,147
Ordinary dividends	$655,436
Business or professional net income (less loss)	$1,663,927
Net capital gain (less loss)	$321,782
Taxable individual retirement arrangements distributions	$1,722,276
Taxable pensions and annuities	$9,775,836
Unemployment compensation [3]	$417,488
Taxable Social Security benefits	$2,950,686
Self-employment retirement plans	$187,569
Total itemized deductions [4]	$18,689,963
State and local income taxes	$2,651,750
State and local general sales tax	$157,043
Real estate taxes	$1,969,167
Taxes paid	$5,083,163
Mortgage interest paid	$9,221,061
Contributions	$1,911,075
Taxable income	$56,441,740
Total tax credits [5]	$951,868
Residential energy tax credit	$0
Child tax credit	$736,913
Child and dependent care credit	$62,011
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,247,208
Total tax liability [9]	$7,795,408
Tax due at time of filing [10]	$703,410
Overpayments refunded [11]	($3,112,787)

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

Number of returns [1]	1,004
Number of joint returns	927
Number of returns with paid preparer's signature	694
Number of exemptions	3,111
Number of dependents	592
Adjust gross income (AGI) [2]	$130,874,083
Salaries and wages	$103,835,428
Taxable interest	$2,390,108
Ordinary dividends	$1,147,752
Business or professional net income (less loss)	$3,435,518
Net capital gain (less loss)	$1,613,009
Taxable individual retirement arrangements distributions	$2,370,750
Taxable pensions and annuities	$11,822,918
Unemployment compensation [3]	$305,162
Taxable Social Security benefits	$2,403,254
Self-employment retirement plans	$352,293
Total itemized deductions [4]	$29,074,436
State and local income taxes	$5,905,132
State and local general sales tax	$103,162
Real estate taxes	$2,983,069
Taxes paid	$9,384,063
Mortgage interest paid	$13,993,569
Contributions	$2,749,549
Taxable income	$89,624,351
Total tax credits [5]	$606,684
Residential energy tax credit	$0
Child tax credit	$448,576
Child and dependent care credit	$77,218
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$117,669
Income tax [8]	$14,789,687
Total tax liability [9]	$15,641,495
Tax due at time of filing [10]	$1,460,295
Overpayments refunded [11]	($3,271,390)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	125
Number of joint returns	114
Number of returns with paid preparer's signature	105
Number of exemptions	369
Number of dependents	61
Adjust gross income (AGI) [2]	$43,951,146
Salaries and wages	$19,859,599
Taxable interest	$2,131,539
Ordinary dividends	$255,795
Business or professional net income (less loss)	$3,895,707
Net capital gain (less loss)	$2,133,416
Taxable individual retirement arrangements distributions	$427,565
Taxable pensions and annuities	$1,807,097
Unemployment compensation [3]	$0
Taxable Social Security benefits	$417,979
Self-employment retirement plans	$444,826
Total itemized deductions [4]	$10,540,101
State and local income taxes	$3,613,175
State and local general sales tax	$0
Real estate taxes	$828,231
Taxes paid	$4,511,697
Mortgage interest paid	$2,252,358
Contributions	$960,184
Taxable income	$32,245,016
Total tax credits [5]	$10,707
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	$743,158
Income tax [8]	$8,563,074
Total tax liability [9]	$9,161,313
Tax due at time of filing [10]	$2,257,823
Overpayments refunded [11]	($594,756)

[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.