Home » Washington » PIERCE County » ZIP Code 98374 » Tax Stats

98374 Income Tax Overview

Total Number of Tax Returns for ZIP Code 98374 [1]	16,053
Total Number of Joint Tax Returns for ZIP Code 98374	7,626
Total Number of Dependents for ZIP Code 98374	6,319
Total Adjusted Gross Income for ZIP Code 98374	960,367,755
Average Income per Person for ZIP Code 98374	$25,706

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]	2,310
Number of joint returns	189
Number of returns with paid preparer's signature	721
Number of exemptions	1,859
Number of dependents	255
Adjust gross income (AGI) [2]	$8,749,412
Salaries and wages	$11,165,373
Taxable interest	$770,129
Ordinary dividends	$481,328
Business or professional net income (less loss)	$94,685
Net capital gain (less loss)	($123,611)
Taxable individual retirement arrangements distributions	$298,601
Taxable pensions and annuities	$1,146,259
Unemployment compensation [3]	$180,563
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,761,690
State and local income taxes	$8,689
State and local general sales tax	$66,467
Real estate taxes	$505,013
Taxes paid	$599,452
Mortgage interest paid	$1,826,378
Contributions	$59,788
Taxable income	$793,965
Total tax credits [5]	$1,141
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$497,374
Excess earned income credit (refundable) [7]	$449,902
Alternative minimum tax	$0
Income tax [8]	$78,167
Total tax liability [9]	$229,432
Tax due at time of filing [10]	$55,069
Overpayments refunded [11]	($1,746,815)

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

Number of returns [1]	2,693
Number of joint returns	437
Number of returns with paid preparer's signature	1,077
Number of exemptions	4,099
Number of dependents	657
Adjust gross income (AGI) [2]	$46,719,013
Salaries and wages	$34,943,632
Taxable interest	$1,306,385
Ordinary dividends	$722,318
Business or professional net income (less loss)	$1,850,422
Net capital gain (less loss)	($23,790)
Taxable individual retirement arrangements distributions	$1,183,356
Taxable pensions and annuities	$5,811,898
Unemployment compensation [3]	$985,316
Taxable Social Security benefits	$323,649
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,528,365
State and local income taxes	$43,862
State and local general sales tax	$266,213
Real estate taxes	$865,061
Taxes paid	$1,199,827
Mortgage interest paid	$2,880,452
Contributions	$372,335
Taxable income	$14,780,207
Total tax credits [5]	$207,373
Residential energy tax credit	$0
Child tax credit	$69,029
Child and dependent care credit	$16,740
Earned income credit [6]	$1,802,164
Excess earned income credit (refundable) [7]	$1,603,350
Alternative minimum tax	$0
Income tax [8]	$1,393,757
Total tax liability [9]	$1,756,964
Tax due at time of filing [10]	$159,157
Overpayments refunded [11]	($4,628,842)

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

Number of returns [1]	3,585
Number of joint returns	1,105
Number of returns with paid preparer's signature	1,573
Number of exemptions	7,057
Number of dependents	1,297
Adjust gross income (AGI) [2]	$132,391,797
Salaries and wages	$108,639,055
Taxable interest	$1,962,514
Ordinary dividends	$928,004
Business or professional net income (less loss)	$2,549,249
Net capital gain (less loss)	$283,837
Taxable individual retirement arrangements distributions	$2,250,269
Taxable pensions and annuities	$11,340,548
Unemployment compensation [3]	$1,718,440
Taxable Social Security benefits	$3,163,025
Self-employment retirement plans	$0
Total itemized deductions [4]	$21,501,821
State and local income taxes	$200,416
State and local general sales tax	$1,191,607
Real estate taxes	$3,000,201
Taxes paid	$4,521,519
Mortgage interest paid	$12,085,744
Contributions	$1,498,465
Taxable income	$69,553,890
Total tax credits [5]	$1,297,431
Residential energy tax credit	$0
Child tax credit	$948,573
Child and dependent care credit	$102,840
Earned income credit [6]	$678,059
Excess earned income credit (refundable) [7]	$551,526
Alternative minimum tax	$15,295
Income tax [8]	$7,600,382
Total tax liability [9]	$8,306,301
Tax due at time of filing [10]	$523,532
Overpayments refunded [11]	($8,056,388)

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

Number of returns [1]	2,638
Number of joint returns	1,624
Number of returns with paid preparer's signature	1,174
Number of exemptions	6,689
Number of dependents	1,248
Adjust gross income (AGI) [2]	$164,694,065
Salaries and wages	$135,491,068
Taxable interest	$2,192,260
Ordinary dividends	$1,491,693
Business or professional net income (less loss)	$2,902,089
Net capital gain (less loss)	$408,491
Taxable individual retirement arrangements distributions	$2,942,902
Taxable pensions and annuities	$13,251,372
Unemployment compensation [3]	$1,239,835
Taxable Social Security benefits	$5,849,998
Self-employment retirement plans	$92,241
Total itemized deductions [4]	$33,358,716
State and local income taxes	$303,768
State and local general sales tax	$2,067,466
Real estate taxes	$4,688,776
Taxes paid	$7,284,050
Mortgage interest paid	$19,062,453
Contributions	$2,744,905
Taxable income	$98,236,697
Total tax credits [5]	$1,969,971
Residential energy tax credit	$6,486
Child tax credit	$1,599,336
Child and dependent care credit	$83,286
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$11,908,589
Total tax liability [9]	$12,692,567
Tax due at time of filing [10]	$861,467
Overpayments refunded [11]	($7,601,401)

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

Number of returns [1]	2,071
Number of joint returns	1,716
Number of returns with paid preparer's signature	898
Number of exemptions	6,077
Number of dependents	1,178
Adjust gross income (AGI) [2]	$179,613,167
Salaries and wages	$152,278,552
Taxable interest	$2,066,097
Ordinary dividends	$1,100,743
Business or professional net income (less loss)	$3,581,207
Net capital gain (less loss)	$649,271
Taxable individual retirement arrangements distributions	$2,906,656
Taxable pensions and annuities	$12,122,832
Unemployment compensation [3]	$791,602
Taxable Social Security benefits	$4,593,254
Self-employment retirement plans	$0
Total itemized deductions [4]	$36,620,230
State and local income taxes	$393,328
State and local general sales tax	$2,620,546
Real estate taxes	$4,985,722
Taxes paid	$8,258,673
Mortgage interest paid	$20,938,864
Contributions	$3,684,497
Taxable income	$116,687,372
Total tax credits [5]	$2,076,851
Residential energy tax credit	$0
Child tax credit	$1,667,744
Child and dependent care credit	$95,153
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$14,879,631
Total tax liability [9]	$15,696,296
Tax due at time of filing [10]	$808,899
Overpayments refunded [11]	($6,545,987)

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

Number of returns [1]	2,460
Number of joint returns	2,281
Number of returns with paid preparer's signature	1,098
Number of exemptions	7,595
Number of dependents	1,511
Adjust gross income (AGI) [2]	$316,881,422
Salaries and wages	$272,988,809
Taxable interest	$3,015,063
Ordinary dividends	$2,396,893
Business or professional net income (less loss)	$6,618,194
Net capital gain (less loss)	$2,243,513
Taxable individual retirement arrangements distributions	$3,941,484
Taxable pensions and annuities	$17,799,790
Unemployment compensation [3]	$625,361
Taxable Social Security benefits	$3,935,184
Self-employment retirement plans	$308,124
Total itemized deductions [4]	$57,670,726
State and local income taxes	$734,894
State and local general sales tax	$4,921,333
Real estate taxes	$8,079,587
Taxes paid	$14,175,798
Mortgage interest paid	$31,556,509
Contributions	$6,929,837
Taxable income	$228,922,983
Total tax credits [5]	$1,535,974
Residential energy tax credit	$0
Child tax credit	$1,138,473
Child and dependent care credit	$156,263
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$82,678
Income tax [8]	$38,383,570
Total tax liability [9]	$39,441,973
Tax due at time of filing [10]	$2,222,052
Overpayments refunded [11]	($7,641,505)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	296
Number of joint returns	274
Number of returns with paid preparer's signature	217
Number of exemptions	917
Number of dependents	173
Adjust gross income (AGI) [2]	$111,318,879
Salaries and wages	$59,364,297
Taxable interest	$2,672,827
Ordinary dividends	$2,314,211
Business or professional net income (less loss)	$5,446,487
Net capital gain (less loss)	$9,330,343
Taxable individual retirement arrangements distributions	$1,273,032
Taxable pensions and annuities	$4,090,480
Unemployment compensation [3]	$0
Taxable Social Security benefits	$719,673
Self-employment retirement plans	$708,797
Total itemized deductions [4]	$11,771,588
State and local income taxes	$449,256
State and local general sales tax	$1,055,574
Real estate taxes	$1,729,936
Taxes paid	$3,306,487
Mortgage interest paid	$4,771,557
Contributions	$3,182,539
Taxable income	$96,505,945
Total tax credits [5]	$151,123
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$10,742
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$389,190
Income tax [8]	$23,564,056
Total tax liability [9]	$24,261,051
Tax due at time of filing [10]	$3,472,894
Overpayments refunded [11]	($1,773,225)

[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.