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ZIP Code Database - Facts & Stats

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ZIP Code 55423 Income Tax Stats

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

ZIP Code 55423 Data

Zip Code:55423
City:Minneapolis
State:MN [Minnesota]
Counties: HENNEPIN, MN
City Alias(es):Minneapolis
Area Code:952 / 612
Time Zone: Central (GMT -06:00)
Observes Day Light Savings:Yes
Classification: [Non-Unique]





55423 Income Tax Overview

Total Number of Tax Returns for ZIP Code 55423 [1] 19,500
Total Number of Single Tax Returns for ZIP Code 55423 5,970
Total Number of Joint Tax Returns for ZIP Code 55423 6,100
Total Number of Dependents for ZIP Code 55423 11,430
Total Adjusted Gross Income for ZIP Code 55423 $957,347,000
Average Income per Person for ZIP Code 55423 $27,063
Average Income per Household for ZIP Code 55423 $49,095

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] 6,880
Number of single returns 5,070
Number of joint returns 620
Number of head of household returns 1,120
Number of returns with paid preparer's signature 3,250
Number of exemptions 9,580
Number of dependents 2,960
Adjust gross income (AGI) [2] $85,349,000
Number of returns with total income 6,880
Salaries and wages amount $86,806,000
Number of returns with salaries and wages 5,280
Salaries and wages amount $64,618
Number of returns with taxable interest 1,210
Taxable interest amount $828
Number of returns with ordinary dividends 770
Ordinary dividends amount $1,467,000
Number of returns with qualified dividends 690
Qualified dividends amount [3] $811
Number of returns with state and local income tax refunds 160
State and local income tax refunds amount $58
Number of returns with business or professional net income (less loss) 830
Business or professional net income (less loss) amount $5,730,000
Number of returns with net capital gain (less loss) 600
Net capital gain (less loss) amount $206,000
Number of returns with taxable individual retirement arrangements distributions 650
Taxable individual retirement arrangements distributions amount $3,635,000
Number of returns with taxable pensions and annuities 1,060
Taxable pensions and annuities amount $7,921,000
Number of farm returns 0
Number of returns with unemployment compensation 270
Unemployment compensation amount [4] $1,437,000
Number of returns with taxable Social Security benefits 320
Taxable Social Security benefits amount $507,000
Number of returns with partnership/S-corp net income (less loss) 80
Partnership/S-corp net income (less loss) amount $366,000
Number of returns with total statutory adjustments 1,200
Total statutory adjustments amount $1,457,000
Number of returns with educator expenses 30
Educator expenses amount $6,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 100
Self-employment health insurance deduction amount $288,000
Number of returns with IRA payments 40
IRA payments amount $104,000
Number of returns with student loan interest deduction 370
Student loan interest deduction amount $337,000
Number of returns with tuition and fees deduction 70
Tuition and fees deduction amount $180,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 540
Total itemized deductions amount $7,854,000
Amount of AGI for itemized returns $8,060,000
Number of returns with State and local income taxes 240
State and local income taxes amount $310,000
Number of returns with State and local general sales tax 250
State and local general sales tax amount $130,000
Number of returns with real estate taxes 440
Real estate taxes amount $1,035,000
Number of returns with taxes paid 530
Taxes paid amount $1,526,000
Number of returns with mortgage interest paid 310
Mortgage interest paid amount $1,649,000
Number of returns with contributions 380
Contributions amount $729,000
Number of returns with taxable income 3,050
Taxable income amount $19,130,000
Number of returns with income tax before credits 2,970
Income tax before credits amount $1,998,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 920
Total tax credits amount $329,000
Number of returns with foreign tax credit 70
Foreign tax credit amount $2,000
Number of returns with child and dependent care credit 40
Child and dependent care credit amount $11,000
Number of returns with nonrefundable education credit 310
Nonrefundable education credit amount $191,000
Number of returns with retirement savings contribution credit 300
Retirement savings contribution credit amount $46,000
Number of returns with child tax credit 230
Child tax credit amount $76,000
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 720
Self-employment tax amount $901,000
Number of returns with total tax payments 5,990
Total tax payments amount $10,741,000
Number of returns with earned income credit 1,900
Earned income credit amount [5] $3,636,000
Number of returns with excess earned income credit 1,640
Excess earned income credit (refundable) amount [6] $3,244,000
Number of returns with additional child tax credit 1,240
Additional child tax credit amount $1,606,000
Number of returns with refundable education credit 350
Refundable education credit amount $297,000
Number of returns with income tax 2,450
Income tax amount [7] $1,669,000
Number of returns with tax liability 3,050
Total tax liability amount [8] $2,599,000
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 690
Tax due at time of filing amount [9] $486,000
Number of returns with overpayments refunded 5,500
Overpayments refunded amount [10] $8,619,000

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

Number of returns [1] 5,350
Number of single returns 3,150
Number of joint returns 1,190
Number of head of household returns 920
Number of returns with paid preparer's signature 2,730
Number of exemptions 10,430
Number of dependents 3,910
Adjust gross income (AGI) [2] $195,156,000
Number of returns with total income 5,350
Salaries and wages amount $197,940,000
Number of returns with salaries and wages 4,700
Salaries and wages amount $162,335
Number of returns with taxable interest 1,180
Taxable interest amount $871
Number of returns with ordinary dividends 770
Ordinary dividends amount $1,807,000
Number of returns with qualified dividends 700
Qualified dividends amount [3] $1,039
Number of returns with state and local income tax refunds 730
State and local income tax refunds amount $359
Number of returns with business or professional net income (less loss) 520
Business or professional net income (less loss) amount $5,543,000
Number of returns with net capital gain (less loss) 610
Net capital gain (less loss) amount $1,007,000
Number of returns with taxable individual retirement arrangements distributions 500
Taxable individual retirement arrangements distributions amount $4,830,000
Number of returns with taxable pensions and annuities 820
Taxable pensions and annuities amount $11,988,000
Number of farm returns 0
Number of returns with unemployment compensation 280
Unemployment compensation amount [4] $1,677,000
Number of returns with taxable Social Security benefits 760
Taxable Social Security benefits amount $5,289,000
Number of returns with partnership/S-corp net income (less loss) 130
Partnership/S-corp net income (less loss) amount $1,023,000
Number of returns with total statutory adjustments 1,370
Total statutory adjustments amount $2,784,000
Number of returns with educator expenses 60
Educator expenses amount $15,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 110
Self-employment health insurance deduction amount $498,000
Number of returns with IRA payments 110
IRA payments amount $392,000
Number of returns with student loan interest deduction 840
Student loan interest deduction amount $949,000
Number of returns with tuition and fees deduction 40
Tuition and fees deduction amount $82,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 1,300
Total itemized deductions amount $17,772,000
Amount of AGI for itemized returns $50,974,000
Number of returns with State and local income taxes 1,110
State and local income taxes amount $2,113,000
Number of returns with State and local general sales tax 160
State and local general sales tax amount $162,000
Number of returns with real estate taxes 1,120
Real estate taxes amount $2,621,000
Number of returns with taxes paid 1,300
Taxes paid amount $5,080,000
Number of returns with mortgage interest paid 980
Mortgage interest paid amount $5,577,000
Number of returns with contributions 940
Contributions amount $1,668,000
Number of returns with taxable income 5,110
Taxable income amount $105,337,000
Number of returns with income tax before credits 5,090
Income tax before credits amount $13,050,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 1,950
Total tax credits amount $1,609,000
Number of returns with foreign tax credit 170
Foreign tax credit amount $15,000
Number of returns with child and dependent care credit 180
Child and dependent care credit amount $89,000
Number of returns with nonrefundable education credit 430
Nonrefundable education credit amount $444,000
Number of returns with retirement savings contribution credit 570
Retirement savings contribution credit amount $100,000
Number of returns with child tax credit 1,060
Child tax credit amount $936,000
Number of returns with residential energy tax credit 110
Residential energy tax credit amount $22,000
Number of returns with self-employment tax 410
Self-employment tax amount $942,000
Number of returns with total tax payments 5,230
Total tax payments amount $20,583,000
Number of returns with earned income credit 770
Earned income credit amount [5] $1,370,000
Number of returns with excess earned income credit 630
Excess earned income credit (refundable) amount [6] $1,152,000
Number of returns with additional child tax credit 920
Additional child tax credit amount $1,583,000
Number of returns with refundable education credit 270
Refundable education credit amount $232,000
Number of returns with income tax 4,280
Income tax amount [7] $11,441,000
Number of returns with tax liability 4,420
Total tax liability amount [8] $12,449,000
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 840
Tax due at time of filing amount [9] $1,210,000
Number of returns with overpayments refunded 4,420
Overpayments refunded amount [10] $9,238,000

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

Number of returns [1] 3,270
Number of single returns 1,620
Number of joint returns 1,350
Number of head of household returns 260
Number of returns with paid preparer's signature 1,720
Number of exemptions 6,530
Number of dependents 1,910
Adjust gross income (AGI) [2] $201,033,000
Number of returns with total income 3,270
Salaries and wages amount $203,235,000
Number of returns with salaries and wages 2,860
Salaries and wages amount $159,193
Number of returns with taxable interest 1,150
Taxable interest amount $967
Number of returns with ordinary dividends 770
Ordinary dividends amount $1,977,000
Number of returns with qualified dividends 700
Qualified dividends amount [3] $1,224
Number of returns with state and local income tax refunds 970
State and local income tax refunds amount $592
Number of returns with business or professional net income (less loss) 390
Business or professional net income (less loss) amount $4,292,000
Number of returns with net capital gain (less loss) 610
Net capital gain (less loss) amount $1,725,000
Number of returns with taxable individual retirement arrangements distributions 460
Taxable individual retirement arrangements distributions amount $5,952,000
Number of returns with taxable pensions and annuities 760
Taxable pensions and annuities amount $15,763,000
Number of farm returns 0
Number of returns with unemployment compensation 160
Unemployment compensation amount [4] $1,010,000
Number of returns with taxable Social Security benefits 640
Taxable Social Security benefits amount $9,545,000
Number of returns with partnership/S-corp net income (less loss) 130
Partnership/S-corp net income (less loss) amount $1,160,000
Number of returns with total statutory adjustments 1,040
Total statutory adjustments amount $2,202,000
Number of returns with educator expenses 100
Educator expenses amount $21,000
Number of returns with self-employment retirement plans 50
Self-employment retirement plans amount $325,000
Number of returns with self-employment health insurance deduction 80
Self-employment health insurance deduction amount $305,000
Number of returns with IRA payments 70
IRA payments amount $280,000
Number of returns with student loan interest deduction 590
Student loan interest deduction amount $642,000
Number of returns with tuition and fees deduction 60
Tuition and fees deduction amount $115,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 1,690
Total itemized deductions amount $25,488,000
Amount of AGI for itemized returns $105,254,000
Number of returns with State and local income taxes 1,610
State and local income taxes amount $4,896,000
Number of returns with State and local general sales tax 50
State and local general sales tax amount $70,000
Number of returns with real estate taxes 1,520
Real estate taxes amount $3,959,000
Number of returns with taxes paid 1,690
Taxes paid amount $9,309,000
Number of returns with mortgage interest paid 1,370
Mortgage interest paid amount $8,790,000
Number of returns with contributions 1,340
Contributions amount $2,833,000
Number of returns with taxable income 3,260
Taxable income amount $134,789,000
Number of returns with income tax before credits 3,260
Income tax before credits amount $19,480,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 1,190
Total tax credits amount $1,570,000
Number of returns with foreign tax credit 170
Foreign tax credit amount $9,000
Number of returns with child and dependent care credit 120
Child and dependent care credit amount $63,000
Number of returns with nonrefundable education credit 260
Nonrefundable education credit amount $347,000
Number of returns with retirement savings contribution credit 140
Retirement savings contribution credit amount $23,000
Number of returns with child tax credit 700
Child tax credit amount $1,068,000
Number of returns with residential energy tax credit 130
Residential energy tax credit amount $23,000
Number of returns with self-employment tax 310
Self-employment tax amount $723,000
Number of returns with total tax payments 3,240
Total tax payments amount $22,948,000
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 130
Additional child tax credit amount $222,000
Number of returns with refundable education credit 170
Refundable education credit amount $165,000
Number of returns with income tax 3,130
Income tax amount [7] $17,910,000
Number of returns with tax liability 3,150
Total tax liability amount [8] $18,788,000
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 770
Tax due at time of filing amount [9] $1,483,000
Number of returns with overpayments refunded 2,430
Overpayments refunded amount [10] $5,495,000

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

Number of returns [1] 1,890
Number of single returns 570
Number of joint returns 1,230
Number of head of household returns 70
Number of returns with paid preparer's signature 990
Number of exemptions 4,280
Number of dependents 1,160
Adjust gross income (AGI) [2] $162,991,000
Number of returns with total income 1,890
Salaries and wages amount $164,555,000
Number of returns with salaries and wages 1,670
Salaries and wages amount $128,186
Number of returns with taxable interest 890
Taxable interest amount $860
Number of returns with ordinary dividends 620
Ordinary dividends amount $2,040,000
Number of returns with qualified dividends 570
Qualified dividends amount [3] $1,401
Number of returns with state and local income tax refunds 790
State and local income tax refunds amount $533
Number of returns with business or professional net income (less loss) 290
Business or professional net income (less loss) amount $3,459,000
Number of returns with net capital gain (less loss) 490
Net capital gain (less loss) amount $1,714,000
Number of returns with taxable individual retirement arrangements distributions 280
Taxable individual retirement arrangements distributions amount $4,522,000
Number of returns with taxable pensions and annuities 460
Taxable pensions and annuities amount $13,085,000
Number of farm returns 0
Number of returns with unemployment compensation 90
Unemployment compensation amount [4] $441,000
Number of returns with taxable Social Security benefits 370
Taxable Social Security benefits amount $7,331,000
Number of returns with partnership/S-corp net income (less loss) 110
Partnership/S-corp net income (less loss) amount $1,519,000
Number of returns with total statutory adjustments 610
Total statutory adjustments amount $1,564,000
Number of returns with educator expenses 80
Educator expenses amount $21,000
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 $274,000
Number of returns with IRA payments 50
IRA payments amount $242,000
Number of returns with student loan interest deduction 330
Student loan interest deduction amount $433,000
Number of returns with tuition and fees deduction 20
Tuition and fees deduction amount $50,000
Returns with domestic production activities deduction 30
Domestic production activities deduction amount $119,000
Number of returns with itemized deductions 1,320
Total itemized deductions amount $23,481,000
Amount of AGI for itemized returns $114,602,000
Number of returns with State and local income taxes 1,290
State and local income taxes amount $5,645,000
Number of returns with State and local general sales tax 30
State and local general sales tax amount $80,000
Number of returns with real estate taxes 1,230
Real estate taxes amount $3,477,000
Number of returns with taxes paid 1,320
Taxes paid amount $9,498,000
Number of returns with mortgage interest paid 1,110
Mortgage interest paid amount $7,700,000
Number of returns with contributions 1,120
Contributions amount $3,152,000
Number of returns with taxable income 1,890
Taxable income amount $116,424,000
Number of returns with income tax before credits 1,890
Income tax before credits amount $17,591,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 830
Total tax credits amount $1,246,000
Number of returns with foreign tax credit 180
Foreign tax credit amount $10,000
Number of returns with child and dependent care credit 170
Child and dependent care credit amount $89,000
Number of returns with nonrefundable education credit 180
Nonrefundable education credit amount $249,000
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 500
Child tax credit amount $832,000
Number of returns with residential energy tax credit 110
Residential energy tax credit amount $21,000
Number of returns with self-employment tax 220
Self-employment tax amount $589,000
Number of returns with total tax payments 1,880
Total tax payments amount $19,748,000
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 110
Refundable education credit amount $119,000
Number of returns with income tax 1,880
Income tax amount [7] $16,345,000
Number of returns with tax liability 1,880
Total tax liability amount [8] $17,054,000
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 500
Tax due at time of filing amount [9] $1,079,000
Number of returns with overpayments refunded 1,340
Overpayments refunded amount [10] $3,643,000

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

Number of returns [1] 1,910
Number of single returns 300
Number of joint returns 1,550
Number of head of household returns 60
Number of returns with paid preparer's signature 1,000
Number of exemptions 4,820
Number of dependents 1,350
Adjust gross income (AGI) [2] $246,772,000
Number of returns with total income 1,910
Salaries and wages amount $249,365,000
Number of returns with salaries and wages 1,740
Salaries and wages amount $195,681
Number of returns with taxable interest 1,030
Taxable interest amount $980
Number of returns with ordinary dividends 800
Ordinary dividends amount $3,260,000
Number of returns with qualified dividends 750
Qualified dividends amount [3] $2,295
Number of returns with state and local income tax refunds 880
State and local income tax refunds amount $692
Number of returns with business or professional net income (less loss) 270
Business or professional net income (less loss) amount $4,876,000
Number of returns with net capital gain (less loss) 650
Net capital gain (less loss) amount $5,029,000
Number of returns with taxable individual retirement arrangements distributions 330
Taxable individual retirement arrangements distributions amount $7,873,000
Number of returns with taxable pensions and annuities 500
Taxable pensions and annuities amount $16,017,000
Number of farm returns 0
Number of returns with unemployment compensation 110
Unemployment compensation amount [4] $733,000
Number of returns with taxable Social Security benefits 350
Taxable Social Security benefits amount $7,098,000
Number of returns with partnership/S-corp net income (less loss) 180
Partnership/S-corp net income (less loss) amount $4,526,000
Number of returns with total statutory adjustments 790
Total statutory adjustments amount $2,592,000
Number of returns with educator expenses 110
Educator expenses amount $29,000
Number of returns with self-employment retirement plans 40
Self-employment retirement plans amount $629,000
Number of returns with self-employment health insurance deduction 60
Self-employment health insurance deduction amount $397,000
Number of returns with IRA payments 50
IRA payments amount $195,000
Number of returns with student loan interest deduction 420
Student loan interest deduction amount $487,000
Number of returns with tuition and fees deduction 80
Tuition and fees deduction amount $169,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 1,670
Total itemized deductions amount $36,981,000
Amount of AGI for itemized returns $217,910,000
Number of returns with State and local income taxes 1,640
State and local income taxes amount $11,758,000
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 1,580
Real estate taxes amount $5,166,000
Number of returns with taxes paid 1,670
Taxes paid amount $17,596,000
Number of returns with mortgage interest paid 1,420
Mortgage interest paid amount $10,952,000
Number of returns with contributions 1,530
Contributions amount $4,954,000
Number of returns with taxable income 1,910
Taxable income amount $188,146,000
Number of returns with income tax before credits 1,910
Income tax before credits amount $32,581,000
Number of returns with alternative minimum tax 40
Alternative minimum tax amount $111,000
Number of returns with total tax credits 890
Total tax credits amount $1,146,000
Number of returns with foreign tax credit 240
Foreign tax credit amount $132,000
Number of returns with child and dependent care credit 250
Child and dependent care credit amount $129,000
Number of returns with nonrefundable education credit 180
Nonrefundable education credit amount $257,000
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 400
Child tax credit amount $534,000
Number of returns with residential energy tax credit 170
Residential energy tax credit amount $52,000
Number of returns with self-employment tax 220
Self-employment tax amount $775,000
Number of returns with total tax payments 1,910
Total tax payments amount $34,096,000
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 150
Refundable education credit amount $145,000
Number of returns with income tax 1,910
Income tax amount [7] $31,435,000
Number of returns with tax liability 1,910
Total tax liability amount [8] $32,476,000
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 720
Tax due at time of filing amount [9] $2,555,000
Number of returns with overpayments refunded 1,150
Overpayments refunded amount [10] $3,871,000

Adjusted Gross Income: $200,000 or more

Number of returns [1] 200
Number of single returns 30
Number of joint returns 160
Number of head of household returns 0
Number of returns with paid preparer's signature 130
Number of exemptions 500
Number of dependents 140
Adjust gross income (AGI) [2] $66,046,000
Number of returns with total income 200
Salaries and wages amount $67,217,000
Number of returns with salaries and wages 170
Salaries and wages amount $36,430
Number of returns with taxable interest 150
Taxable interest amount $881
Number of returns with ordinary dividends 130
Ordinary dividends amount $1,632,000
Number of returns with qualified dividends 120
Qualified dividends amount [3] $1,208
Number of returns with state and local income tax refunds 70
State and local income tax refunds amount $116
Number of returns with business or professional net income (less loss) 40
Business or professional net income (less loss) amount $3,060,000
Number of returns with net capital gain (less loss) 120
Net capital gain (less loss) amount $4,620,000
Number of returns with taxable individual retirement arrangements distributions 40
Taxable individual retirement arrangements distributions amount $886,000
Number of returns with taxable pensions and annuities 50
Taxable pensions and annuities amount $3,233,000
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 $942,000
Number of returns with partnership/S-corp net income (less loss) 50
Partnership/S-corp net income (less loss) amount $12,946,000
Number of returns with total statutory adjustments 70
Total statutory adjustments amount $1,171,000
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 20
Self-employment health insurance deduction amount $226,000
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 190
Total itemized deductions amount $11,745,000
Amount of AGI for itemized returns $65,109,000
Number of returns with State and local income taxes 190
State and local income taxes amount $5,422,000
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 180
Real estate taxes amount $859,000
Number of returns with taxes paid 190
Taxes paid amount $6,397,000
Number of returns with mortgage interest paid 140
Mortgage interest paid amount $1,284,000
Number of returns with contributions 180
Contributions amount $3,674,000
Number of returns with taxable income 200
Taxable income amount $52,625,000
Number of returns with income tax before credits 200
Income tax before credits amount $13,631,000
Number of returns with alternative minimum tax 110
Alternative minimum tax amount $674,000
Number of returns with total tax credits 80
Total tax credits amount $31,000
Number of returns with foreign tax credit 60
Foreign tax credit amount $18,000
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 $322,000
Number of returns with total tax payments 190
Total tax payments amount $13,344,000
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 200
Income tax amount [7] $13,575,000
Number of returns with tax liability 200
Total tax liability amount [8] $14,174,000
Number of returns with Additional Medicare tax 80
Additional Medicare tax $77,000
Number of returns with net investment income tax 80
Net investment income tax $77,000
Number of returns with tax due at time of filing 110
Tax due at time of filing amount [9] $2,232,000
Number of returns with overpayments refunded 70
Overpayments refunded amount [10] $486,000

[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.