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ZIP Code Database - Facts & Stats

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ZIP Code 38122 Income Tax Stats

IRS Tax Statistics by ZIP Code -- Statistics of Income: 2013

ZIP Code 38122 Data

Zip Code:38122
City:Memphis
State:TN [Tennessee]
Counties: SHELBY, TN
City Alias(es):Memphis
Area Code:901
Time Zone: Central (GMT -06:00)
Observes Day Light Savings:Yes
Classification: [Non-Unique]




38122 Income Tax Overview

Total Number of Tax Returns for ZIP Code 38122 [1] 11,040
Total Number of Single Tax Returns for ZIP Code 38122 2,160
Total Number of Joint Tax Returns for ZIP Code 38122 2,190
Total Number of Dependents for ZIP Code 38122 11,260
Total Adjusted Gross Income for ZIP Code 38122 $339,493,000
Average Income per Person for ZIP Code 38122 $13,435
Average Income per Household for ZIP Code 38122 $30,751

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] 6,110
Number of single returns 3,210
Number of joint returns 620
Number of head of household returns 2,200
Number of returns with paid preparer's signature 3,340
Number of exemptions 12,710
Number of dependents 6,310
Adjust gross income (AGI) [2] $83,279,000
Number of returns with total income 6,110
Salaries and wages amount $84,902,000
Number of returns with salaries and wages 4,700
Salaries and wages amount $63,597
Number of returns with taxable interest 390
Taxable interest amount $220
Number of returns with ordinary dividends 190
Ordinary dividends amount $371,000
Number of returns with qualified dividends 170
Qualified dividends amount [3] $224
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 1,650
Business or professional net income (less loss) amount $13,409,000
Number of returns with net capital gain (less loss) 150
Net capital gain (less loss) amount $108,000
Number of returns with taxable individual retirement arrangements distributions 200
Taxable individual retirement arrangements distributions amount $1,027,000
Number of returns with taxable pensions and annuities 510
Taxable pensions and annuities amount $4,183,000
Number of farm returns 0
Number of returns with unemployment compensation 260
Unemployment compensation amount [4] $1,122,000
Number of returns with taxable Social Security benefits 150
Taxable Social Security benefits amount $223,000
Number of returns with partnership/S-corp net income (less loss) 40
Partnership/S-corp net income (less loss) amount $128,000
Number of returns with total statutory adjustments 1,620
Total statutory adjustments amount $1,623,000
Number of returns with educator expenses 30
Educator expenses amount $7,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 50
Self-employment health insurance deduction amount $151,000
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 120
Student loan interest deduction amount $96,000
Number of returns with tuition and fees deduction 50
Tuition and fees deduction amount $163,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 190
Total itemized deductions amount $2,429,000
Amount of AGI for itemized returns $2,876,000
Number of returns with State and local income taxes 0
State and local income taxes amount $0
Number of returns with State and local general sales tax 150
State and local general sales tax amount $132,000
Number of returns with real estate taxes 130
Real estate taxes amount $226,000
Number of returns with taxes paid 180
Taxes paid amount $388,000
Number of returns with mortgage interest paid 100
Mortgage interest paid amount $481,000
Number of returns with contributions 140
Contributions amount $292,000
Number of returns with taxable income 2,160
Taxable income amount $12,085,000
Number of returns with income tax before credits 2,130
Income tax before credits amount $1,255,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 790
Total tax credits amount $271,000
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 40
Child and dependent care credit amount $12,000
Number of returns with nonrefundable education credit 190
Nonrefundable education credit amount $114,000
Number of returns with retirement savings contribution credit 190
Retirement savings contribution credit amount $32,000
Number of returns with child tax credit 370
Child tax credit amount $109,000
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 1,420
Self-employment tax amount $2,052,000
Number of returns with total tax payments 5,710
Total tax payments amount $18,490,000
Number of returns with earned income credit 2,990
Earned income credit amount [5] $9,602,000
Number of returns with excess earned income credit 2,790
Excess earned income credit (refundable) amount [6] $8,091,000
Number of returns with additional child tax credit 2,670
Additional child tax credit amount $3,848,000
Number of returns with refundable education credit 510
Refundable education credit amount $488,000
Number of returns with income tax 1,520
Income tax amount [7] $983,000
Number of returns with tax liability 2,860
Total tax liability amount [8] $3,068,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 510
Tax due at time of filing amount [9] $480,000
Number of returns with overpayments refunded 5,400
Overpayments refunded amount [10] $16,081,000

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

Number of returns [1] 3,220
Number of single returns 1,480
Number of joint returns 700
Number of head of household returns 980
Number of returns with paid preparer's signature 1,630
Number of exemptions 7,790
Number of dependents 3,880
Adjust gross income (AGI) [2] $112,853,000
Number of returns with total income 3,220
Salaries and wages amount $113,671,000
Number of returns with salaries and wages 2,950
Salaries and wages amount $99,029
Number of returns with taxable interest 390
Taxable interest amount $252
Number of returns with ordinary dividends 190
Ordinary dividends amount $337,000
Number of returns with qualified dividends 180
Qualified dividends amount [3] $217
Number of returns with state and local income tax refunds 40
State and local income tax refunds amount $14
Number of returns with business or professional net income (less loss) 320
Business or professional net income (less loss) amount $2,459,000
Number of returns with net capital gain (less loss) 150
Net capital gain (less loss) amount $162,000
Number of returns with taxable individual retirement arrangements distributions 150
Taxable individual retirement arrangements distributions amount $1,364,000
Number of returns with taxable pensions and annuities 440
Taxable pensions and annuities amount $6,669,000
Number of farm returns 0
Number of returns with unemployment compensation 90
Unemployment compensation amount [4] $349,000
Number of returns with taxable Social Security benefits 350
Taxable Social Security benefits amount $2,079,000
Number of returns with partnership/S-corp net income (less loss) 30
Partnership/S-corp net income (less loss) amount $229,000
Number of returns with total statutory adjustments 470
Total statutory adjustments amount $817,000
Number of returns with educator expenses 50
Educator expenses amount $12,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 40
Self-employment health insurance deduction amount $128,000
Number of returns with IRA payments 50
IRA payments amount $170,000
Number of returns with student loan interest deduction 190
Student loan interest deduction amount $204,000
Number of returns with tuition and fees deduction 40
Tuition and fees deduction amount $93,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 430
Total itemized deductions amount $5,741,000
Amount of AGI for itemized returns $16,240,000
Number of returns with State and local income taxes 30
State and local income taxes amount $49,000
Number of returns with State and local general sales tax 320
State and local general sales tax amount $424,000
Number of returns with real estate taxes 330
Real estate taxes amount $606,000
Number of returns with taxes paid 400
Taxes paid amount $1,116,000
Number of returns with mortgage interest paid 280
Mortgage interest paid amount $1,263,000
Number of returns with contributions 330
Contributions amount $1,080,000
Number of returns with taxable income 3,010
Taxable income amount $53,933,000
Number of returns with income tax before credits 3,010
Income tax before credits amount $6,649,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 1,440
Total tax credits amount $1,161,000
Number of returns with foreign tax credit 50
Foreign tax credit amount $1,000
Number of returns with child and dependent care credit 150
Child and dependent care credit amount $95,000
Number of returns with nonrefundable education credit 200
Nonrefundable education credit amount $218,000
Number of returns with retirement savings contribution credit 350
Retirement savings contribution credit amount $58,000
Number of returns with child tax credit 980
Child tax credit amount $770,000
Number of returns with residential energy tax credit 60
Residential energy tax credit amount $17,000
Number of returns with self-employment tax 210
Self-employment tax amount $486,000
Number of returns with total tax payments 3,180
Total tax payments amount $13,827,000
Number of returns with earned income credit 740
Earned income credit amount [5] $1,494,000
Number of returns with excess earned income credit 630
Excess earned income credit (refundable) amount [6] $1,279,000
Number of returns with additional child tax credit 970
Additional child tax credit amount $2,111,000
Number of returns with refundable education credit 160
Refundable education credit amount $151,000
Number of returns with income tax 2,170
Income tax amount [7] $5,488,000
Number of returns with tax liability 2,290
Total tax liability amount [8] $6,052,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 340
Tax due at time of filing amount [9] $497,000
Number of returns with overpayments refunded 2,860
Overpayments refunded amount [10] $8,306,000

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

Number of returns [1] 1,040
Number of single returns 490
Number of joint returns 410
Number of head of household returns 120
Number of returns with paid preparer's signature 480
Number of exemptions 2,090
Number of dependents 630
Adjust gross income (AGI) [2] $62,928,000
Number of returns with total income 1,040
Salaries and wages amount $63,434,000
Number of returns with salaries and wages 950
Salaries and wages amount $52,176
Number of returns with taxable interest 260
Taxable interest amount $233
Number of returns with ordinary dividends 160
Ordinary dividends amount $392,000
Number of returns with qualified dividends 140
Qualified dividends amount [3] $254
Number of returns with state and local income tax refunds 30
State and local income tax refunds amount $18
Number of returns with business or professional net income (less loss) 140
Business or professional net income (less loss) amount $1,326,000
Number of returns with net capital gain (less loss) 110
Net capital gain (less loss) amount $349,000
Number of returns with taxable individual retirement arrangements distributions 90
Taxable individual retirement arrangements distributions amount $1,088,000
Number of returns with taxable pensions and annuities 210
Taxable pensions and annuities amount $4,656,000
Number of farm returns 0
Number of returns with unemployment compensation 40
Unemployment compensation amount [4] $185,000
Number of returns with taxable Social Security benefits 200
Taxable Social Security benefits amount $2,608,000
Number of returns with partnership/S-corp net income (less loss) 40
Partnership/S-corp net income (less loss) amount $285,000
Number of returns with total statutory adjustments 270
Total statutory adjustments amount $506,000
Number of returns with educator expenses 50
Educator expenses amount $12,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 30
IRA payments amount $135,000
Number of returns with student loan interest deduction 140
Student loan interest deduction amount $148,000
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 320
Total itemized deductions amount $4,976,000
Amount of AGI for itemized returns $19,333,000
Number of returns with State and local income taxes 30
State and local income taxes amount $58,000
Number of returns with State and local general sales tax 250
State and local general sales tax amount $398,000
Number of returns with real estate taxes 270
Real estate taxes amount $542,000
Number of returns with taxes paid 310
Taxes paid amount $1,019,000
Number of returns with mortgage interest paid 240
Mortgage interest paid amount $1,264,000
Number of returns with contributions 280
Contributions amount $1,009,000
Number of returns with taxable income 1,040
Taxable income amount $43,048,000
Number of returns with income tax before credits 1,030
Income tax before credits amount $6,300,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 360
Total tax credits amount $524,000
Number of returns with foreign tax credit 50
Foreign tax credit amount $3,000
Number of returns with child and dependent care credit 60
Child and dependent care credit amount $34,000
Number of returns with nonrefundable education credit 80
Nonrefundable education credit amount $114,000
Number of returns with retirement savings contribution credit 50
Retirement savings contribution credit amount $8,000
Number of returns with child tax credit 230
Child tax credit amount $351,000
Number of returns with residential energy tax credit 40
Residential energy tax credit amount $13,000
Number of returns with self-employment tax 100
Self-employment tax amount $240,000
Number of returns with total tax payments 1,030
Total tax payments amount $7,606,000
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 additional child tax credit 40
Additional child tax credit amount $78,000
Number of returns with refundable education credit 60
Refundable education credit amount $52,000
Number of returns with income tax 1,000
Income tax amount [7] $5,776,000
Number of returns with tax liability 1,000
Total tax liability amount [8] $6,065,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 230
Tax due at time of filing amount [9] $488,000
Number of returns with overpayments refunded 800
Overpayments refunded amount [10] $1,977,000

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

Number of returns [1] 370
Number of single returns 100
Number of joint returns 250
Number of head of household returns 40
Number of returns with paid preparer's signature 180
Number of exemptions 860
Number of dependents 240
Adjust gross income (AGI) [2] $31,934,000
Number of returns with total income 370
Salaries and wages amount $32,167,000
Number of returns with salaries and wages 330
Salaries and wages amount $25,347
Number of returns with taxable interest 140
Taxable interest amount $264
Number of returns with ordinary dividends 80
Ordinary dividends amount $260,000
Number of returns with qualified dividends 70
Qualified dividends amount [3] $127
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 60
Business or professional net income (less loss) amount $782,000
Number of returns with net capital gain (less loss) 70
Net capital gain (less loss) amount $184,000
Number of returns with taxable individual retirement arrangements distributions 50
Taxable individual retirement arrangements distributions amount $845,000
Number of returns with taxable pensions and annuities 90
Taxable pensions and annuities amount $2,429,000
Number of farm returns 0
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 80
Taxable Social Security benefits amount $1,362,000
Number of returns with partnership/S-corp net income (less loss) 0
Partnership/S-corp net income (less loss) amount $0
Number of returns with total statutory adjustments 100
Total statutory adjustments amount $232,000
Number of returns with educator expenses 30
Educator expenses amount $8,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 20
Self-employment health insurance deduction amount $159,000
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 50
Student loan interest deduction amount $62,000
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 130
Total itemized deductions amount $2,282,000
Amount of AGI for itemized returns $11,013,000
Number of returns with State and local income taxes 0
State and local income taxes amount $0
Number of returns with State and local general sales tax 110
State and local general sales tax amount $220,000
Number of returns with real estate taxes 110
Real estate taxes amount $263,000
Number of returns with taxes paid 130
Taxes paid amount $520,000
Number of returns with mortgage interest paid 100
Mortgage interest paid amount $528,000
Number of returns with contributions 110
Contributions amount $528,000
Number of returns with taxable income 370
Taxable income amount $23,606,000
Number of returns with income tax before credits 370
Income tax before credits amount $3,606,000
Number of returns with alternative minimum tax 20
Alternative minimum tax amount $75,000
Number of returns with total tax credits 140
Total tax credits amount $218,000
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 40
Child and dependent care credit amount $23,000
Number of returns with nonrefundable education credit 50
Nonrefundable education credit amount $58,000
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 90
Child tax credit amount $153,000
Number of returns with residential energy tax credit 30
Residential energy tax credit amount $5,000
Number of returns with self-employment tax 40
Self-employment tax amount $135,000
Number of returns with total tax payments 370
Total tax payments amount $4,006,000
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 additional child tax credit 0
Additional child tax credit amount $0
Number of returns with refundable education credit 40
Refundable education credit amount $29,000
Number of returns with income tax 370
Income tax amount [7] $3,388,000
Number of returns with tax liability 370
Total tax liability amount [8] $3,547,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 100
Tax due at time of filing amount [9] $330,000
Number of returns with overpayments refunded 260
Overpayments refunded amount [10] $762,000

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

Number of returns [1] 250
Number of single returns 70
Number of joint returns 180
Number of head of household returns 0
Number of returns with paid preparer's signature 140
Number of exemptions 610
Number of dependents 170
Adjust gross income (AGI) [2] $31,886,000
Number of returns with total income 250
Salaries and wages amount $32,197,000
Number of returns with salaries and wages 230
Salaries and wages amount $24,226
Number of returns with taxable interest 130
Taxable interest amount $459
Number of returns with ordinary dividends 70
Ordinary dividends amount $644,000
Number of returns with qualified dividends 70
Qualified dividends amount [3] $505
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 60
Business or professional net income (less loss) amount $3,074,000
Number of returns with net capital gain (less loss) 60
Net capital gain (less loss) amount $392,000
Number of returns with taxable individual retirement arrangements distributions 50
Taxable individual retirement arrangements distributions amount $1,085,000
Number of returns with taxable pensions and annuities 80
Taxable pensions and annuities amount $3,374,000
Number of farm returns 0
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 50
Taxable Social Security benefits amount $1,071,000
Number of returns with partnership/S-corp net income (less loss) 40
Partnership/S-corp net income (less loss) amount $1,780,000
Number of returns with total statutory adjustments 100
Total statutory adjustments amount $312,000
Number of returns with educator expenses 20
Educator expenses amount $5,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 40
Student loan interest deduction amount $37,000
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 120
Total itemized deductions amount $2,723,000
Amount of AGI for itemized returns $15,477,000
Number of returns with State and local income taxes 20
State and local income taxes amount $186,000
Number of returns with State and local general sales tax 100
State and local general sales tax amount $243,000
Number of returns with real estate taxes 110
Real estate taxes amount $331,000
Number of returns with taxes paid 120
Taxes paid amount $771,000
Number of returns with mortgage interest paid 90
Mortgage interest paid amount $522,000
Number of returns with contributions 110
Contributions amount $891,000
Number of returns with taxable income 250
Taxable income amount $25,380,000
Number of returns with income tax before credits 250
Income tax before credits amount $4,527,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 110
Total tax credits amount $131,000
Number of returns with foreign tax credit 30
Foreign tax credit amount $8,000
Number of returns with child and dependent care credit 30
Child and dependent care credit amount $19,000
Number of returns with nonrefundable education credit 0
Nonrefundable education credit amount $0
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 50
Child tax credit amount $63,000
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 70
Self-employment tax amount $478,000
Number of returns with total tax payments 250
Total tax payments amount $4,764,000
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 additional child tax credit 0
Additional child tax credit amount $0
Number of returns with refundable education credit 0
Refundable education credit amount $0
Number of returns with income tax 250
Income tax amount [7] $4,405,000
Number of returns with tax liability 250
Total tax liability amount [8] $4,684,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 0
Net investment income tax $0
Number of returns with tax due at time of filing 110
Tax due at time of filing amount [9] $602,000
Number of returns with overpayments refunded 150
Overpayments refunded amount [10] $757,000

Adjusted Gross Income: $200,000 or more

Number of returns [1] 50
Number of single returns 0
Number of joint returns 30
Number of head of household returns 0
Number of returns with paid preparer's signature 40
Number of exemptions 110
Number of dependents 30
Adjust gross income (AGI) [2] $16,613,000
Number of returns with total income 50
Salaries and wages amount $17,060,000
Number of returns with salaries and wages 30
Salaries and wages amount $8,727
Number of returns with taxable interest 30
Taxable interest amount $109
Number of returns with ordinary dividends 20
Ordinary dividends amount $651,000
Number of returns with qualified dividends 20
Qualified dividends amount [3] $494
Number of returns with state and local income tax refunds 0
State and local income tax refunds amount $0
Number of returns with business or professional net income (less loss) 0
Business or professional net income (less loss) amount $0
Number of returns with net capital gain (less loss) 30
Net capital gain (less loss) amount $780,000
Number of returns with taxable individual retirement arrangements distributions 0
Taxable individual retirement arrangements distributions amount $0
Number of returns with taxable pensions and annuities 0
Taxable pensions and annuities amount $0
Number of farm returns 0
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 0
Taxable Social Security benefits amount $0
Number of returns with partnership/S-corp net income (less loss) 0
Partnership/S-corp net income (less loss) amount $0
Number of returns with total statutory adjustments 30
Total statutory adjustments amount $447,000
Number of returns with educator expenses 0
Educator expenses amount $0
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 0
Student loan interest deduction amount $0
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 40
Total itemized deductions amount $2,083,000
Amount of AGI for itemized returns $13,324,000
Number of returns with State and local income taxes 0
State and local income taxes amount $0
Number of returns with State and local general sales tax 20
State and local general sales tax amount $75,000
Number of returns with real estate taxes 30
Real estate taxes amount $167,000
Number of returns with taxes paid 30
Taxes paid amount $374,000
Number of returns with mortgage interest paid 20
Mortgage interest paid amount $176,000
Number of returns with contributions 30
Contributions amount $533,000
Number of returns with taxable income 40
Taxable income amount $14,167,000
Number of returns with income tax before credits 40
Income tax before credits amount $3,850,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 0
Total tax credits amount $0
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 0
Child and dependent care credit amount $0
Number of returns with nonrefundable education credit 0
Nonrefundable education credit amount $0
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 0
Child tax credit amount $0
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 0
Self-employment tax amount $0
Number of returns with total tax payments 40
Total tax payments amount $3,739,000
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 additional child tax credit 0
Additional child tax credit amount $0
Number of returns with refundable education credit 0
Refundable education credit amount $0
Number of returns with income tax 40
Income tax amount [7] $3,841,000
Number of returns with tax liability 50
Total tax liability amount [8] $4,190,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 30
Net investment income tax $0
Number of returns with tax due at time of filing 30
Tax due at time of filing amount [9] $677,000
Number of returns with overpayments refunded 0
Overpayments refunded amount [10] $0

[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] 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.