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ZIP Code Database - Facts & Stats

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ZIP Code 40242 Income Tax Stats

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

ZIP Code 40242 Data

Zip Code:40242
City:Louisville
State:KY [Kentucky]
Counties: JEFFERSON, KY
City Alias(es):Louisville
Area Code:502
Time Zone: Eastern (GMT -05:00)
Observes Day Light Savings:Yes
Classification: [Non-Unique]





40242 Income Tax Overview

Total Number of Tax Returns for ZIP Code 40242 [1] 5,440
Total Number of Single Tax Returns for ZIP Code 40242 1,890
Total Number of Joint Tax Returns for ZIP Code 40242 2,030
Total Number of Dependents for ZIP Code 40242 2,800
Total Adjusted Gross Income for ZIP Code 40242 $326,340,000
Average Income per Person for ZIP Code 40242 $29,857
Average Income per Household for ZIP Code 40242 $59,989

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] 1,780
Number of single returns 1,380
Number of joint returns 170
Number of head of household returns 220
Number of returns with paid preparer's signature 710
Number of exemptions 2,040
Number of dependents 510
Adjust gross income (AGI) [2] $22,094,000
Number of returns with total income 1,780
Salaries and wages amount $22,546,000
Number of returns with salaries and wages 1,400
Salaries and wages amount $16,439
Number of returns with taxable interest 330
Taxable interest amount $218
Number of returns with ordinary dividends 270
Ordinary dividends amount $461,000
Number of returns with qualified dividends 250
Qualified dividends amount [3] $271
Number of returns with state and local income tax refunds 60
State and local income tax refunds amount $27
Number of returns with business or professional net income (less loss) 190
Business or professional net income (less loss) amount $1,235,000
Number of returns with net capital gain (less loss) 200
Net capital gain (less loss) amount $147,000
Number of returns with taxable individual retirement arrangements distributions 150
Taxable individual retirement arrangements distributions amount $902,000
Number of returns with taxable pensions and annuities 270
Taxable pensions and annuities amount $2,512,000
Number of farm returns 0
Number of returns with unemployment compensation 70
Unemployment compensation amount [4] $397,000
Number of returns with taxable Social Security benefits 120
Taxable Social Security benefits amount $218,000
Number of returns with partnership/S-corp net income (less loss) 20
Partnership/S-corp net income (less loss) amount $12,000
Number of returns with total statutory adjustments 300
Total statutory adjustments amount $452,000
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 30
Self-employment health insurance deduction amount $90,000
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 100
Student loan interest deduction amount $86,000
Number of returns with tuition and fees deduction 20
Tuition and fees deduction amount $64,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 170
Total itemized deductions amount $2,287,000
Amount of AGI for itemized returns $2,543,000
Number of returns with State and local income taxes 60
State and local income taxes amount $70,000
Number of returns with State and local general sales tax 80
State and local general sales tax amount $36,000
Number of returns with real estate taxes 130
Real estate taxes amount $226,000
Number of returns with taxes paid 160
Taxes paid amount $378,000
Number of returns with mortgage interest paid 100
Mortgage interest paid amount $430,000
Number of returns with contributions 120
Contributions amount $199,000
Number of returns with taxable income 900
Taxable income amount $5,611,000
Number of returns with income tax before credits 870
Income tax before credits amount $584,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 250
Total tax credits amount $99,000
Number of returns with foreign tax credit 20
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 90
Nonrefundable education credit amount $64,000
Number of returns with retirement savings contribution credit 80
Retirement savings contribution credit amount $11,000
Number of returns with child tax credit 50
Child tax credit amount $16,000
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 160
Self-employment tax amount $207,000
Number of returns with total tax payments 1,610
Total tax payments amount $2,840,000
Number of returns with earned income credit 430
Earned income credit amount [5] $881,000
Number of returns with excess earned income credit 370
Excess earned income credit (refundable) amount [6] $787,000
Number of returns with additional child tax credit 240
Additional child tax credit amount $275,000
Number of returns with refundable education credit 110
Refundable education credit amount $97,000
Number of returns with income tax 730
Income tax amount [7] $485,000
Number of returns with tax liability 870
Total tax liability amount [8] $704,000
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 160
Tax due at time of filing amount [9] $117,000
Number of returns with overpayments refunded 1,500
Overpayments refunded amount [10] $2,233,000

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

Number of returns [1] 1,340
Number of single returns 790
Number of joint returns 290
Number of head of household returns 210
Number of returns with paid preparer's signature 610
Number of exemptions 2,260
Number of dependents 630
Adjust gross income (AGI) [2] $48,817,000
Number of returns with total income 1,340
Salaries and wages amount $49,540,000
Number of returns with salaries and wages 1,150
Salaries and wages amount $37,777
Number of returns with taxable interest 320
Taxable interest amount $260
Number of returns with ordinary dividends 250
Ordinary dividends amount $791,000
Number of returns with qualified dividends 230
Qualified dividends amount [3] $555
Number of returns with state and local income tax refunds 230
State and local income tax refunds amount $105
Number of returns with business or professional net income (less loss) 140
Business or professional net income (less loss) amount $1,265,000
Number of returns with net capital gain (less loss) 180
Net capital gain (less loss) amount $318,000
Number of returns with taxable individual retirement arrangements distributions 150
Taxable individual retirement arrangements distributions amount $1,396,000
Number of returns with taxable pensions and annuities 290
Taxable pensions and annuities amount $4,800,000
Number of farm returns 0
Number of returns with unemployment compensation 70
Unemployment compensation amount [4] $378,000
Number of returns with taxable Social Security benefits 260
Taxable Social Security benefits amount $1,713,000
Number of returns with partnership/S-corp net income (less loss) 50
Partnership/S-corp net income (less loss) amount $499,000
Number of returns with total statutory adjustments 370
Total statutory adjustments amount $722,000
Number of returns with educator expenses 40
Educator expenses amount $10,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 30
Self-employment health insurance deduction amount $119,000
Number of returns with IRA payments 40
IRA payments amount $111,000
Number of returns with student loan interest deduction 210
Student loan interest deduction amount $225,000
Number of returns with tuition and fees deduction 20
Tuition and fees deduction amount $55,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 370
Total itemized deductions amount $4,755,000
Amount of AGI for itemized returns $14,366,000
Number of returns with State and local income taxes 300
State and local income taxes amount $737,000
Number of returns with State and local general sales tax 60
State and local general sales tax amount $45,000
Number of returns with real estate taxes 320
Real estate taxes amount $554,000
Number of returns with taxes paid 370
Taxes paid amount $1,416,000
Number of returns with mortgage interest paid 270
Mortgage interest paid amount $1,224,000
Number of returns with contributions 290
Contributions amount $608,000
Number of returns with taxable income 1,310
Taxable income amount $27,388,000
Number of returns with income tax before credits 1,290
Income tax before credits amount $3,371,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 500
Total tax credits amount $416,000
Number of returns with foreign tax credit 50
Foreign tax credit amount $1,000
Number of returns with child and dependent care credit 70
Child and dependent care credit amount $34,000
Number of returns with nonrefundable education credit 130
Nonrefundable education credit amount $142,000
Number of returns with retirement savings contribution credit 160
Retirement savings contribution credit amount $28,000
Number of returns with child tax credit 230
Child tax credit amount $204,000
Number of returns with residential energy tax credit 40
Residential energy tax credit amount $12,000
Number of returns with self-employment tax 110
Self-employment tax amount $227,000
Number of returns with total tax payments 1,310
Total tax payments amount $5,398,000
Number of returns with earned income credit 200
Earned income credit amount [5] $338,000
Number of returns with excess earned income credit 160
Excess earned income credit (refundable) amount [6] $287,000
Number of returns with additional child tax credit 170
Additional child tax credit amount $284,000
Number of returns with refundable education credit 80
Refundable education credit amount $70,000
Number of returns with income tax 1,110
Income tax amount [7] $2,955,000
Number of returns with tax liability 1,150
Total tax liability amount [8] $3,229,000
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 200
Tax due at time of filing amount [9] $264,000
Number of returns with overpayments refunded 1,100
Overpayments refunded amount [10] $2,403,000

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

Number of returns [1] 830
Number of single returns 350
Number of joint returns 380
Number of head of household returns 90
Number of returns with paid preparer's signature 400
Number of exemptions 1,630
Number of dependents 420
Adjust gross income (AGI) [2] $51,111,000
Number of returns with total income 830
Salaries and wages amount $51,847,000
Number of returns with salaries and wages 680
Salaries and wages amount $36,740
Number of returns with taxable interest 330
Taxable interest amount $460
Number of returns with ordinary dividends 260
Ordinary dividends amount $976,000
Number of returns with qualified dividends 240
Qualified dividends amount [3] $735
Number of returns with state and local income tax refunds 310
State and local income tax refunds amount $180
Number of returns with business or professional net income (less loss) 100
Business or professional net income (less loss) amount $755,000
Number of returns with net capital gain (less loss) 190
Net capital gain (less loss) amount $414,000
Number of returns with taxable individual retirement arrangements distributions 150
Taxable individual retirement arrangements distributions amount $1,891,000
Number of returns with taxable pensions and annuities 250
Taxable pensions and annuities amount $6,245,000
Number of farm returns 0
Number of returns with unemployment compensation 30
Unemployment compensation amount [4] $118,000
Number of returns with taxable Social Security benefits 210
Taxable Social Security benefits amount $3,049,000
Number of returns with partnership/S-corp net income (less loss) 60
Partnership/S-corp net income (less loss) amount $739,000
Number of returns with total statutory adjustments 300
Total statutory adjustments amount $736,000
Number of returns with educator expenses 50
Educator expenses amount $11,000
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 $275,000
Number of returns with IRA payments 30
IRA payments amount $153,000
Number of returns with student loan interest deduction 170
Student loan interest deduction amount $169,000
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 450
Total itemized deductions amount $7,113,000
Amount of AGI for itemized returns $28,062,000
Number of returns with State and local income taxes 390
State and local income taxes amount $1,613,000
Number of returns with State and local general sales tax 50
State and local general sales tax amount $49,000
Number of returns with real estate taxes 390
Real estate taxes amount $783,000
Number of returns with taxes paid 450
Taxes paid amount $2,549,000
Number of returns with mortgage interest paid 340
Mortgage interest paid amount $1,863,000
Number of returns with contributions 380
Contributions amount $1,031,000
Number of returns with taxable income 830
Taxable income amount $33,854,000
Number of returns with income tax before credits 820
Income tax before credits amount $4,756,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 350
Total tax credits amount $459,000
Number of returns with foreign tax credit 70
Foreign tax credit amount $4,000
Number of returns with child and dependent care credit 70
Child and dependent care credit amount $33,000
Number of returns with nonrefundable education credit 80
Nonrefundable education credit amount $123,000
Number of returns with retirement savings contribution credit 40
Retirement savings contribution credit amount $6,000
Number of returns with child tax credit 200
Child tax credit amount $285,000
Number of returns with residential energy tax credit 30
Residential energy tax credit amount $7,000
Number of returns with self-employment tax 70
Self-employment tax amount $147,000
Number of returns with total tax payments 820
Total tax payments amount $5,698,000
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 30
Additional child tax credit amount $44,000
Number of returns with refundable education credit 60
Refundable education credit amount $58,000
Number of returns with income tax 790
Income tax amount [7] $4,297,000
Number of returns with tax liability 800
Total tax liability amount [8] $4,487,000
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 210
Tax due at time of filing amount [9] $383,000
Number of returns with overpayments refunded 590
Overpayments refunded amount [10] $1,551,000

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

Number of returns [1] 570
Number of single returns 120
Number of joint returns 410
Number of head of household returns 50
Number of returns with paid preparer's signature 290
Number of exemptions 1,390
Number of dependents 410
Adjust gross income (AGI) [2] $48,945,000
Number of returns with total income 570
Salaries and wages amount $49,527,000
Number of returns with salaries and wages 490
Salaries and wages amount $35,613
Number of returns with taxable interest 270
Taxable interest amount $351
Number of returns with ordinary dividends 230
Ordinary dividends amount $807,000
Number of returns with qualified dividends 220
Qualified dividends amount [3] $575
Number of returns with state and local income tax refunds 300
State and local income tax refunds amount $227
Number of returns with business or professional net income (less loss) 100
Business or professional net income (less loss) amount $1,081,000
Number of returns with net capital gain (less loss) 180
Net capital gain (less loss) amount $528,000
Number of returns with taxable individual retirement arrangements distributions 110
Taxable individual retirement arrangements distributions amount $1,788,000
Number of returns with taxable pensions and annuities 190
Taxable pensions and annuities amount $5,302,000
Number of farm returns 0
Number of returns with unemployment compensation 20
Unemployment compensation amount [4] $149,000
Number of returns with taxable Social Security benefits 150
Taxable Social Security benefits amount $2,804,000
Number of returns with partnership/S-corp net income (less loss) 40
Partnership/S-corp net income (less loss) amount $754,000
Number of returns with total statutory adjustments 190
Total statutory adjustments amount $583,000
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 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 20
IRA payments amount $134,000
Number of returns with student loan interest deduction 80
Student loan interest deduction amount $92,000
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 380
Total itemized deductions amount $7,235,000
Amount of AGI for itemized returns $33,465,000
Number of returns with State and local income taxes 350
State and local income taxes amount $2,055,000
Number of returns with State and local general sales tax 30
State and local general sales tax amount $34,000
Number of returns with real estate taxes 360
Real estate taxes amount $854,000
Number of returns with taxes paid 380
Taxes paid amount $3,077,000
Number of returns with mortgage interest paid 320
Mortgage interest paid amount $1,976,000
Number of returns with contributions 340
Contributions amount $1,141,000
Number of returns with taxable income 560
Taxable income amount $34,194,000
Number of returns with income tax before credits 560
Income tax before credits amount $4,981,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 290
Total tax credits amount $428,000
Number of returns with foreign tax credit 70
Foreign tax credit amount $5,000
Number of returns with child and dependent care credit 60
Child and dependent care credit amount $35,000
Number of returns with nonrefundable education credit 60
Nonrefundable education credit amount $82,000
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 180
Child tax credit amount $292,000
Number of returns with residential energy tax credit 30
Residential energy tax credit amount $8,000
Number of returns with self-employment tax 70
Self-employment tax amount $218,000
Number of returns with total tax payments 560
Total tax payments amount $5,623,000
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 $38,000
Number of returns with income tax 560
Income tax amount [7] $4,554,000
Number of returns with tax liability 560
Total tax liability amount [8] $4,813,000
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 160
Tax due at time of filing amount [9] $393,000
Number of returns with overpayments refunded 390
Overpayments refunded amount [10] $1,164,000

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

Number of returns [1] 760
Number of single returns 110
Number of joint returns 640
Number of head of household returns 0
Number of returns with paid preparer's signature 390
Number of exemptions 2,070
Number of dependents 670
Adjust gross income (AGI) [2] $102,447,000
Number of returns with total income 760
Salaries and wages amount $103,399,000
Number of returns with salaries and wages 670
Salaries and wages amount $73,311
Number of returns with taxable interest 450
Taxable interest amount $840
Number of returns with ordinary dividends 380
Ordinary dividends amount $2,477,000
Number of returns with qualified dividends 360
Qualified dividends amount [3] $1,861
Number of returns with state and local income tax refunds 520
State and local income tax refunds amount $449
Number of returns with business or professional net income (less loss) 150
Business or professional net income (less loss) amount $2,679,000
Number of returns with net capital gain (less loss) 320
Net capital gain (less loss) amount $2,021,000
Number of returns with taxable individual retirement arrangements distributions 150
Taxable individual retirement arrangements distributions amount $3,883,000
Number of returns with taxable pensions and annuities 260
Taxable pensions and annuities amount $10,985,000
Number of farm returns 0
Number of returns with unemployment compensation 20
Unemployment compensation amount [4] $147,000
Number of returns with taxable Social Security benefits 170
Taxable Social Security benefits amount $3,743,000
Number of returns with partnership/S-corp net income (less loss) 80
Partnership/S-corp net income (less loss) amount $1,988,000
Number of returns with total statutory adjustments 290
Total statutory adjustments amount $952,000
Number of returns with educator expenses 50
Educator expenses amount $14,000
Number of returns with self-employment retirement plans 30
Self-employment retirement plans amount $537,000
Number of returns with self-employment health insurance deduction 20
Self-employment health insurance deduction amount $138,000
Number of returns with IRA payments 20
IRA payments amount $105,000
Number of returns with student loan interest deduction 90
Student loan interest deduction amount $83,000
Number of returns with tuition and fees deduction 30
Tuition and fees deduction amount $51,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 650
Total itemized deductions amount $15,245,000
Amount of AGI for itemized returns $89,035,000
Number of returns with State and local income taxes 610
State and local income taxes amount $5,599,000
Number of returns with State and local general sales tax 30
State and local general sales tax amount $34,000
Number of returns with real estate taxes 620
Real estate taxes amount $1,667,000
Number of returns with taxes paid 650
Taxes paid amount $7,588,000
Number of returns with mortgage interest paid 530
Mortgage interest paid amount $3,303,000
Number of returns with contributions 610
Contributions amount $2,873,000
Number of returns with taxable income 760
Taxable income amount $77,647,000
Number of returns with income tax before credits 750
Income tax before credits amount $13,462,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 400
Total tax credits amount $439,000
Number of returns with foreign tax credit 130
Foreign tax credit amount $12,000
Number of returns with child and dependent care credit 120
Child and dependent care credit amount $60,000
Number of returns with nonrefundable education credit 80
Nonrefundable education credit amount $124,000
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 160
Child tax credit amount $205,000
Number of returns with residential energy tax credit 70
Residential energy tax credit amount $21,000
Number of returns with self-employment tax 120
Self-employment tax amount $480,000
Number of returns with total tax payments 760
Total tax payments amount $14,612,000
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 80
Refundable education credit amount $79,000
Number of returns with income tax 750
Income tax amount [7] $13,023,000
Number of returns with tax liability 750
Total tax liability amount [8] $13,597,000
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 270
Tax due at time of filing amount [9] $902,000
Number of returns with overpayments refunded 450
Overpayments refunded amount [10] $1,654,000

Adjusted Gross Income: $200,000 or more

Number of returns [1] 160
Number of single returns 0
Number of joint returns 140
Number of head of household returns 0
Number of returns with paid preparer's signature 120
Number of exemptions 460
Number of dependents 160
Adjust gross income (AGI) [2] $52,926,000
Number of returns with total income 160
Salaries and wages amount $53,870,000
Number of returns with salaries and wages 140
Salaries and wages amount $31,288
Number of returns with taxable interest 130
Taxable interest amount $463
Number of returns with ordinary dividends 120
Ordinary dividends amount $2,001,000
Number of returns with qualified dividends 110
Qualified dividends amount [3] $1,373
Number of returns with state and local income tax refunds 70
State and local income tax refunds amount $105
Number of returns with business or professional net income (less loss) 30
Business or professional net income (less loss) amount $1,837,000
Number of returns with net capital gain (less loss) 110
Net capital gain (less loss) amount $3,312,000
Number of returns with taxable individual retirement arrangements distributions 40
Taxable individual retirement arrangements distributions amount $2,165,000
Number of returns with taxable pensions and annuities 40
Taxable pensions and annuities amount $1,570,000
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 40
Taxable Social Security benefits amount $896,000
Number of returns with partnership/S-corp net income (less loss) 60
Partnership/S-corp net income (less loss) amount $8,161,000
Number of returns with total statutory adjustments 60
Total statutory adjustments amount $944,000
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 30
Self-employment health insurance deduction amount $237,000
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 160
Total itemized deductions amount $6,951,000
Amount of AGI for itemized returns $52,500,000
Number of returns with State and local income taxes 160
State and local income taxes amount $3,335,000
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 160
Real estate taxes amount $566,000
Number of returns with taxes paid 160
Taxes paid amount $3,993,000
Number of returns with mortgage interest paid 120
Mortgage interest paid amount $883,000
Number of returns with contributions 160
Contributions amount $1,530,000
Number of returns with taxable income 160
Taxable income amount $44,538,000
Number of returns with income tax before credits 160
Income tax before credits amount $11,334,000
Number of returns with alternative minimum tax 120
Alternative minimum tax amount $543,000
Number of returns with total tax credits 80
Total tax credits amount $37,000
Number of returns with foreign tax credit 60
Foreign tax credit amount $20,000
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 40
Self-employment tax amount $402,000
Number of returns with total tax payments 160
Total tax payments amount $10,765,000
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 160
Income tax amount [7] $11,276,000
Number of returns with tax liability 160
Total tax liability amount [8] $11,944,000
Number of returns with Additional Medicare tax 60
Additional Medicare tax $65,000
Number of returns with net investment income tax 80
Net investment income tax $65,000
Number of returns with tax due at time of filing 90
Tax due at time of filing amount [9] $1,746,000
Number of returns with overpayments refunded 50
Overpayments refunded amount [10] $304,000

[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.