KENTON, KY IRS Tax Stats

KENTON, KY Income Tax Overview

2010 Population for KENTON, KY 0
Total Number of Tax Returns for KENTON, KY [1] 72,512
Total Number of Joint Tax Returns for KENTON, KY 25,814
Total Number of Dependents for KENTON, KY 24,692
Total Adjusted Gross Income for KENTON, KY $3,170,690,332

The following tables break down the Income Tax Statistics into different Gross Income levels.


Adjusted Gross Income: Under $10,000 [1]

Number of tax returns [1] 14,045
Number of joint returns 875
Number of returns with paid preparer's signature 5,849
Number of exemptions 13,637
Number of dependents 2,443
Adjust gross income (AGI) [2] $57,121,615
Salaries and wages $60,842,452
Taxable interest $5,920,358
Ordinary dividends $3,814,686
Business or professional net income (less loss) $2,111,411
Net capital gain (less loss) $1,096,805
Taxable individual retirement arrangements distributions $1,820,146
Taxable pensions and annuities $4,368,643
Unemployment compensation [3] $774,860
Taxable Social Security benefits $0
Self-employment retirement plans $0
Total itemized deductions [4] $11,949,518
State and local income taxes $1,429,741
State and local general sales tax $71,153
Real estate taxes $1,290,014
Taxes paid $3,002,509
Mortgage interest paid $3,568,694
Contributions $286,473
Taxable income $3,992,446
Total tax credits [5] $14,567
Residential energy tax credit $0
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $4,916,398
Excess earned income credit (refundable) [7] $4,524,214
Alternative minimum tax $0
Income tax [8] $429,897
Total tax liability [9] $1,339,239
Tax due at time of filing [10] $354,245
Overpayments refunded [11]

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

Number of tax returns [1] 15,596
Number of joint returns 2,120
Number of returns with paid preparer's signature 7,923
Number of exemptions 24,779
Number of dependents 4,734
Adjust gross income (AGI) [2] $268,178,572
Salaries and wages $214,396,197
Taxable interest $5,772,859
Ordinary dividends $3,858,618
Business or professional net income (less loss) $11,284,662
Net capital gain (less loss) $410,190
Taxable individual retirement arrangements distributions $6,876,728
Taxable pensions and annuities $23,281,889
Unemployment compensation [3] $5,074,022
Taxable Social Security benefits $1,077,189
Self-employment retirement plans $0
Total itemized deductions [4] $20,418,893
State and local income taxes $1,465,160
State and local general sales tax $256,442
Real estate taxes $2,239,168
Taxes paid $4,179,582
Mortgage interest paid $6,406,635
Contributions $1,690,404
Taxable income $84,670,361
Total tax credits [5] $1,457,660
Residential energy tax credit $0
Child tax credit $499,138
Child and dependent care credit $90,897
Earned income credit [6] $13,580,922
Excess earned income credit (refundable) [7] $12,421,482
Alternative minimum tax $0
Income tax [8] $7,735,492
Total tax liability [9] $9,851,261
Tax due at time of filing [10] $905,103
Overpayments refunded [11]

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

Number of tax returns [1] 18,174
Number of joint returns 4,665
Number of returns with paid preparer's signature 8,565
Number of exemptions 32,627
Number of dependents 5,667
Adjust gross income (AGI) [2] $658,746,976
Salaries and wages $559,466,236
Taxable interest $8,003,057
Ordinary dividends $6,516,959
Business or professional net income (less loss) $11,183,942
Net capital gain (less loss) $576,445
Taxable individual retirement arrangements distributions $12,675,514
Taxable pensions and annuities $45,330,892
Unemployment compensation [3] $5,944,613
Taxable Social Security benefits $13,503,627
Self-employment retirement plans $85,461
Total itemized deductions [4] $77,537,792
State and local income taxes $13,820,206
State and local general sales tax $294,187
Real estate taxes $9,063,276
Taxes paid $24,390,809
Mortgage interest paid $31,763,350
Contributions $6,163,473
Taxable income $375,236,329
Total tax credits [5] $6,217,395
Residential energy tax credit $13,563
Child tax credit $4,067,396
Child and dependent care credit $357,674
Earned income credit [6] $3,128,386
Excess earned income credit (refundable) [7] $2,603,188
Alternative minimum tax $0
Income tax [8] $41,461,161
Total tax liability [9] $44,077,995
Tax due at time of filing [10] $2,092,365
Overpayments refunded [11]

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

Number of tax returns [1] 10,818
Number of joint returns 6,360
Number of returns with paid preparer's signature 5,409
Number of exemptions 25,256
Number of dependents 4,453
Adjust gross income (AGI) [2] $665,594,722
Salaries and wages $541,813,128
Taxable interest $8,617,383
Ordinary dividends $8,273,259
Business or professional net income (less loss) $12,485,479
Net capital gain (less loss) $2,501,579
Taxable individual retirement arrangements distributions $16,634,867
Taxable pensions and annuities $47,582,587
Unemployment compensation [3] $3,647,816
Taxable Social Security benefits $22,865,598
Self-employment retirement plans $285,607
Total itemized deductions [4] $105,714,925
State and local income taxes $24,330,314
State and local general sales tax $268,854
Real estate taxes $11,992,318
Taxes paid $38,428,526
Mortgage interest paid $43,724,267
Contributions $9,542,356
Taxable income $428,730,240
Total tax credits [5] $7,193,115
Residential energy tax credit $0
Child tax credit $5,478,700
Child and dependent care credit $341,919
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $0
Income tax [8] $53,629,387
Total tax liability [9] $56,556,120
Tax due at time of filing [10] $3,155,998
Overpayments refunded [11]

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

Number of tax returns [1] 6,759
Number of joint returns 5,505
Number of returns with paid preparer's signature 3,255
Number of exemptions 18,590
Number of dependents 3,421
Adjust gross income (AGI) [2] $584,310,448
Salaries and wages $484,642,139
Taxable interest $6,754,010
Ordinary dividends $7,444,971
Business or professional net income (less loss) $11,336,116
Net capital gain (less loss) $1,860,276
Taxable individual retirement arrangements distributions $13,955,417
Taxable pensions and annuities $37,346,830
Unemployment compensation [3] $2,090,029
Taxable Social Security benefits $15,173,438
Self-employment retirement plans $219,981
Total itemized deductions [4] $105,810,556
State and local income taxes $28,913,390
State and local general sales tax $152,500
Real estate taxes $11,760,804
Taxes paid $42,735,615
Mortgage interest paid $41,577,222
Contributions $9,939,474
Taxable income $400,135,650
Total tax credits [5] $6,281,338
Residential energy tax credit $0
Child tax credit $4,581,737
Child and dependent care credit $339,460
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $40,669
Income tax [8] $52,290,114
Total tax liability [9] $54,913,774
Tax due at time of filing [10] $2,558,224
Overpayments refunded [11]

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

Number of tax returns [1] 7,120
Number of joint returns 6,289
Number of returns with paid preparer's signature 3,646
Number of exemptions 21,266
Number of dependents 3,974
Adjust gross income (AGI) [2] $936,737,999
Salaries and wages $753,316,896
Taxable interest $12,081,969
Ordinary dividends $19,268,850
Business or professional net income (less loss) $22,341,375
Net capital gain (less loss) $11,523,560
Taxable individual retirement arrangements distributions $26,728,737
Taxable pensions and annuities $52,847,593
Unemployment compensation [3] $1,304,227
Taxable Social Security benefits $15,509,099
Self-employment retirement plans $2,189,185
Total itemized deductions [4] $168,712,142
State and local income taxes $54,913,343
State and local general sales tax $216,474
Real estate taxes $18,782,269
Taxes paid $76,835,797
Mortgage interest paid $58,443,286
Contributions $20,611,439
Taxable income $687,728,993
Total tax credits [5] $4,141,414
Residential energy tax credit $14,674
Child tax credit $3,003,929
Child and dependent care credit $374,602
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $625,345
Income tax [8] $117,621,501
Total tax liability [9] $122,394,033
Tax due at time of filing [10] $7,474,674
Overpayments refunded [11]

[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.