ZIP Code 45242 Income Tax Stats

Individual Income by ZIP Code -- Tax Statistics: 2012

ZIP Code 45242 Data

Zip Code:45242
City:Cincinnati
State:OH [Ohio]
Counties: HAMILTON, OH
City Alias(es):Cincinnati
Area Code:513
Time Zone: Eastern (GMT -05:00)
Observes Day Light Savings:Yes
Classification: [Non-Unique]

45242 Income Tax Overview

Total Number of Tax Returns for ZIP Code 45242 [1] 11,600
Total Number of Single Tax Returns for ZIP Code 45242 3,840
Total Number of Joint Tax Returns for ZIP Code 45242 4,870
Total Number of Dependents for ZIP Code 45242 7,070
Total Adjusted Gross Income for ZIP Code 45242 1,362,215
Average Income per Person for ZIP Code 45242 $62

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


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

Number of returns [1] 3,520
Number of single returns 2,850
Number of joint returns 310
Number of head of household returns 280
Number of returns with paid preparer's signature 1,560
Number of exemptions 3,220
Number of dependents 720
Adjust gross income (AGI) [2] $36,765
Number of returns with salaries and wages 2,600
Salaries and wages amount $25,315
Number of returns with taxable interest 960
Taxable interest amount $704
Number of returns with ordinary dividends 1,000
Ordinary dividends amount $2,252
Number of returns with qualified dividends 940
Qualified dividends amount [3] $1,494
Number of returns with business or professional net income (less loss) 350
Business or professional net income (less loss) amount $2,363
Number of farm returns $0
Number of returns with net capital gain (less loss) 590
Net capital gain (less loss) amount $549
Number of returns with taxable individual retirement arrangements distributions 340
Taxable individual retirement arrangements distributions amount $1,970
Number of returns with taxable pensions and annuities 500
Taxable pensions and annuities amount $3,828
Number of returns with unemployment compensation 120
Unemployment compensation amount [4] $675
Number of returns with taxable Social Security benefits 170
Taxable Social Security benefits amount $323
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with itemized deductions 300/300
Amount of AGI for itemized returns $4,132
Total itemized deductions amount $4,588
Number of returns with State and local income taxes 100
State and local income taxes amount $75
Number of returns with State and local general sales tax 170
State and local general sales tax amount $89
Number of returns with real estate taxes 220
Real estate taxes amount $774
Number of returns with taxes paid 290
Taxes paid amount $951
Number of returns with mortgage interest paid 150
Mortgage interest paid amount $921
Number of returns with contributions 190
Contributions amount $255
Number of returns with taxable income 1,690
Taxable income amount $10,087
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 420
Total tax credits amount $150
Number of returns with child and dependent care credit 0
Child and dependent care credit amount $0
Number of returns with child tax credit 60
Child tax credit amount $20
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with additional child tax credit 290
Additional child tax credit amount $365
Number of returns with earned income credit 590
Earned income credit amount [5] $1,204
Number of returns with excess earned income credit 510
Excess earned income credit (refundable) amount [6] $1,062
Number of returns with income tax 1,340
Income tax amount [7] $883
Number of returns with tax liability 1,600
Total tax liability amount [8] $1,238
Number of returns with tax due at time of filing 380
Tax due at time of filing amount [9] $230
Number of returns with overpayments refunded 2,670
Overpayments refunded amount [10] $3,258

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

Number of returns [1] 1,880
Number of single returns 1,030
Number of joint returns 450
Number of head of household returns 260
Number of returns with paid preparer's signature 900
Number of exemptions 3,090
Number of dependents 790
Adjust gross income (AGI) [2] $68,977
Number of returns with salaries and wages 1,510
Salaries and wages amount $49,968
Number of returns with taxable interest 670
Taxable interest amount $659
Number of returns with ordinary dividends 580
Ordinary dividends amount $2,290
Number of returns with qualified dividends 540
Qualified dividends amount [3] $1,598
Number of returns with business or professional net income (less loss) 260
Business or professional net income (less loss) amount $2,841
Number of farm returns $20
Number of returns with net capital gain (less loss) 430
Net capital gain (less loss) amount $308
Number of returns with taxable individual retirement arrangements distributions 300
Taxable individual retirement arrangements distributions amount $3,022
Number of returns with taxable pensions and annuities 440
Taxable pensions and annuities amount $6,935
Number of returns with unemployment compensation 110
Unemployment compensation amount [4] $719
Number of returns with taxable Social Security benefits 430
Taxable Social Security benefits amount $2,912
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with itemized deductions 530/530
Amount of AGI for itemized returns $20,585
Total itemized deductions amount $7,672
Number of returns with State and local income taxes 390
State and local income taxes amount $717
Number of returns with State and local general sales tax 130
State and local general sales tax amount $106
Number of returns with real estate taxes 440
Real estate taxes amount $1,398
Number of returns with taxes paid 530
Taxes paid amount $2,254
Number of returns with mortgage interest paid 370
Mortgage interest paid amount $2,119
Number of returns with contributions 400
Contributions amount $944
Number of returns with taxable income 1,810
Taxable income amount $39,285
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 660
Total tax credits amount $539
Number of returns with child and dependent care credit 70
Child and dependent care credit amount $38
Number of returns with child tax credit 300
Child tax credit amount $285
Number of returns with residential energy tax credit 30
Residential energy tax credit amount $5
Number of returns with additional child tax credit 180
Additional child tax credit amount $239
Number of returns with earned income credit 250
Earned income credit amount [5] $394
Number of returns with excess earned income credit 190
Excess earned income credit (refundable) amount [6] $295
Number of returns with income tax 1,590
Income tax amount [7] $4,275
Number of returns with tax liability 1,660
Total tax liability amount [8] $4,769
Number of returns with tax due at time of filing 340
Tax due at time of filing amount [9] $445
Number of returns with overpayments refunded 1,470
Overpayments refunded amount [10] $3,153

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

Number of returns [1] 1,650
Number of single returns 630
Number of joint returns 670
Number of head of household returns 160
Number of returns with paid preparer's signature 860
Number of exemptions 3,310
Number of dependents 1,000
Adjust gross income (AGI) [2] $102,410
Number of returns with salaries and wages 1,330
Salaries and wages amount $70,466
Number of returns with taxable interest 800
Taxable interest amount $980
Number of returns with ordinary dividends 700
Ordinary dividends amount $4,464
Number of returns with qualified dividends 670
Qualified dividends amount [3] $3,298
Number of returns with business or professional net income (less loss) 280
Business or professional net income (less loss) amount $3,148
Number of farm returns $0
Number of returns with net capital gain (less loss) 510
Net capital gain (less loss) amount $1,694
Number of returns with taxable individual retirement arrangements distributions 330
Taxable individual retirement arrangements distributions amount $4,825
Number of returns with taxable pensions and annuities 440
Taxable pensions and annuities amount $9,957
Number of returns with unemployment compensation 70
Unemployment compensation amount [4] $535
Number of returns with taxable Social Security benefits 420
Taxable Social Security benefits amount $5,883
Number of returns with self-employment retirement plans 40
Self-employment retirement plans amount $266
Number of returns with itemized deductions 880/880
Amount of AGI for itemized returns $55,159
Total itemized deductions amount $14,217
Number of returns with State and local income taxes 790
State and local income taxes amount $2,222
Number of returns with State and local general sales tax 80
State and local general sales tax amount $84
Number of returns with real estate taxes 730
Real estate taxes amount $2,423
Number of returns with taxes paid 880
Taxes paid amount $4,766
Number of returns with mortgage interest paid 600
Mortgage interest paid amount $3,733
Number of returns with contributions 690
Contributions amount $1,775
Number of returns with taxable income 1,640
Taxable income amount $68,516
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 760
Total tax credits amount $905
Number of returns with child and dependent care credit 70
Child and dependent care credit amount $34
Number of returns with child tax credit 420
Child tax credit amount $593
Number of returns with residential energy tax credit 50
Residential energy tax credit amount $15
Number of returns with additional child tax credit 60
Additional child tax credit amount $91
Number of returns with earned income credit 0
Earned income credit amount [5] $0
Number of returns with excess earned income credit 0
Excess earned income credit (refundable) amount [6] $0
Number of returns with income tax 1,560
Income tax amount [7] $8,805
Number of returns with tax liability 1,580
Total tax liability amount [8] $9,334
Number of returns with tax due at time of filing 430
Tax due at time of filing amount [9] $931
Number of returns with overpayments refunded 1,140
Overpayments refunded amount [10] $3,062

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

Number of returns [1] 1,180
Number of single returns 280
Number of joint returns 710
Number of head of household returns 80
Number of returns with paid preparer's signature 620
Number of exemptions 2,730
Number of dependents 830
Adjust gross income (AGI) [2] $102,644
Number of returns with salaries and wages 970
Salaries and wages amount $69,837
Number of returns with taxable interest 680
Taxable interest amount $1,011
Number of returns with ordinary dividends 620
Ordinary dividends amount $4,096
Number of returns with qualified dividends 580
Qualified dividends amount [3] $3,274
Number of returns with business or professional net income (less loss) 200
Business or professional net income (less loss) amount $2,872
Number of farm returns $0
Number of returns with net capital gain (less loss) 440
Net capital gain (less loss) amount $1,539
Number of returns with taxable individual retirement arrangements distributions 260
Taxable individual retirement arrangements distributions amount $5,402
Number of returns with taxable pensions and annuities 350
Taxable pensions and annuities amount $10,042
Number of returns with unemployment compensation 60
Unemployment compensation amount [4] $381
Number of returns with taxable Social Security benefits 300
Taxable Social Security benefits amount $5,678
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with itemized deductions 810/810
Amount of AGI for itemized returns $70,494
Total itemized deductions amount $15,212
Number of returns with State and local income taxes 760
State and local income taxes amount $3,060
Number of returns with State and local general sales tax 30
State and local general sales tax amount $53
Number of returns with real estate taxes 740
Real estate taxes amount $2,847
Number of returns with taxes paid 810
Taxes paid amount $6,044
Number of returns with mortgage interest paid 640
Mortgage interest paid amount $4,317
Number of returns with contributions 690
Contributions amount $2,168
Number of returns with taxable income 1,180
Taxable income amount $73,156
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 580
Total tax credits amount $804
Number of returns with child and dependent care credit 60
Child and dependent care credit amount $36
Number of returns with child tax credit 330
Child tax credit amount $515
Number of returns with residential energy tax credit 60
Residential energy tax credit amount $27
Number of returns with additional child tax credit 0
Additional child tax credit amount $0
Number of returns with earned income credit 0
Earned income credit amount [5] $0
Number of returns with excess earned income credit 0
Excess earned income credit (refundable) amount [6] $0
Number of returns with income tax 1,160
Income tax amount [7] $10,174
Number of returns with tax liability 1,160
Total tax liability amount [8] $10,706
Number of returns with tax due at time of filing 350
Tax due at time of filing amount [9] $882
Number of returns with overpayments refunded 760
Overpayments refunded amount [10] $2,486

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

Number of returns [1] 2,070
Number of single returns 240
Number of joint returns 1,600
Number of head of household returns 90
Number of returns with paid preparer's signature 1,100
Number of exemptions 5,740
Number of dependents 2,080
Adjust gross income (AGI) [2] $285,777
Number of returns with salaries and wages 1,770
Salaries and wages amount $204,188
Number of returns with taxable interest 1,450
Taxable interest amount $2,568
Number of returns with ordinary dividends 1,360
Ordinary dividends amount $12,538
Number of returns with qualified dividends 1,300
Qualified dividends amount [3] $9,968
Number of returns with business or professional net income (less loss) 440
Business or professional net income (less loss) amount $10,878
Number of farm returns $0
Number of returns with net capital gain (less loss) 1,090
Net capital gain (less loss) amount $7,567
Number of returns with taxable individual retirement arrangements distributions 460
Taxable individual retirement arrangements distributions amount $13,920
Number of returns with taxable pensions and annuities 550
Taxable pensions and annuities amount $17,452
Number of returns with unemployment compensation 80
Unemployment compensation amount [4] $558
Number of returns with taxable Social Security benefits 450
Taxable Social Security benefits amount $9,438
Number of returns with self-employment retirement plans 60
Self-employment retirement plans amount $1,042
Number of returns with itemized deductions 1,810/1,810
Amount of AGI for itemized returns $253,591
Total itemized deductions amount $45,832
Number of returns with State and local income taxes 1,760
State and local income taxes amount $12,633
Number of returns with State and local general sales tax 50
State and local general sales tax amount $108
Number of returns with real estate taxes 1,690
Real estate taxes amount $8,058
Number of returns with taxes paid 1,810
Taxes paid amount $20,894
Number of returns with mortgage interest paid 1,460
Mortgage interest paid amount $11,877
Number of returns with contributions 1,660
Contributions amount $7,350
Number of returns with taxable income 2,060
Taxable income amount $215,237
Number of returns with alternative minimum tax 180
Alternative minimum tax amount $382
Number of returns with total tax credits 1,170
Total tax credits amount $1,299
Number of returns with child and dependent care credit 170
Child and dependent care credit amount $90
Number of returns with child tax credit 410
Child tax credit amount $534
Number of returns with residential energy tax credit 100
Residential energy tax credit amount $28
Number of returns with additional child tax credit 0
Additional child tax credit amount $0
Number of returns with earned income credit 0
Earned income credit amount [5] $0
Number of returns with excess earned income credit 0
Excess earned income credit (refundable) amount [6] $0
Number of returns with income tax 2,050
Income tax amount [7] $36,929
Number of returns with tax liability 2,050
Total tax liability amount [8] $38,736
Number of returns with tax due at time of filing 750
Tax due at time of filing amount [9] $3,360
Number of returns with overpayments refunded 1,150
Overpayments refunded amount [10] $5,116

Adjusted Gross Income: $200,000 or more

Number of returns [1] 1,300
Number of single returns 100
Number of joint returns 1,130
Number of head of household returns 20
Number of returns with paid preparer's signature 940
Number of exemptions 4,080
Number of dependents 1,650
Adjust gross income (AGI) [2] $765,642
Number of returns with salaries and wages 1,150
Salaries and wages amount $418,189
Number of returns with taxable interest 1,130
Taxable interest amount $9,541
Number of returns with ordinary dividends 1,100
Ordinary dividends amount $42,377
Number of returns with qualified dividends 1,080
Qualified dividends amount [3] $36,916
Number of returns with business or professional net income (less loss) 330
Business or professional net income (less loss) amount $22,604
Number of farm returns $0
Number of returns with net capital gain (less loss) 1,010
Net capital gain (less loss) amount $111,044
Number of returns with taxable individual retirement arrangements distributions 310
Taxable individual retirement arrangements distributions amount $32,134
Number of returns with taxable pensions and annuities 270
Taxable pensions and annuities amount $13,927
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 250
Taxable Social Security benefits amount $6,073
Number of returns with self-employment retirement plans 140
Self-employment retirement plans amount $4,125
Number of returns with itemized deductions 1,290/1,290
Amount of AGI for itemized returns $760,358
Total itemized deductions amount $98,790
Number of returns with State and local income taxes 1,270
State and local income taxes amount $47,947
Number of returns with State and local general sales tax 0
State and local general sales tax amount $0
Number of returns with real estate taxes 1,210
Real estate taxes amount $11,450
Number of returns with taxes paid 1,290
Taxes paid amount $59,734
Number of returns with mortgage interest paid 950
Mortgage interest paid amount $12,959
Number of returns with contributions 1,240
Contributions amount $18,457
Number of returns with taxable income 1,300
Taxable income amount $650,834
Number of returns with alternative minimum tax 970
Alternative minimum tax amount $9,035
Number of returns with total tax credits 760
Total tax credits amount $2,854
Number of returns with child and dependent care credit 90
Child and dependent care credit amount $34
Number of returns with child tax credit 0
Child tax credit amount $0
Number of returns with residential energy tax credit 50
Residential energy tax credit amount $67
Number of returns with additional child tax credit 0
Additional child tax credit amount $0
Number of returns with earned income credit 0
Earned income credit amount [5] $0
Number of returns with excess earned income credit 0
Excess earned income credit (refundable) amount [6] $0
Number of returns with income tax 1,300
Income tax amount [7] $173,405
Number of returns with tax liability 1,300
Total tax liability amount [8] $176,255
Number of returns with tax due at time of filing 630
Tax due at time of filing amount [9] $16,854
Number of returns with overpayments refunded 470
Overpayments refunded amount [10] $6,222

[1] For complete individual income tax tabulations at the State level, see the historic table posted to Tax Stats at http://www.irs.gov/uac/SOI-Tax-Stats---Historic-Table-2.

[2] Does not include returns with adjusted gross deficit.

[3]  “Qualified dividends” are ordinary dividends received in tax years beginning after 2002 that meet certain conditions and receive preferential tax rates. The maximum qualified dividends tax rate is 15%.
           
[4]  Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ's. 
This fund only applies to statistics in the totals, and the state of Alaska.

[5]  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 6 below for explanation of the refundable portion of the earned income credit.

[6]  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. No other refundable credits were taken into account for this calculation.

[7]  Income tax reflects the amount reported on Form 1040 line 55. It also includes data from Form 1040A and 1040EZ filers.

[8]  “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.

[9]  Reflects payments to or withholdings made to "Total tax liability". This is the amount the tax filer owes when the income tax return is filed.

[10]  The amount of overpayments the tax filer requested to have refunded.