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ZIP Code Database - Facts & Stats

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ZIP Code 87068 Income Tax Stats

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

ZIP Code 87068 Data

Zip Code:87068
City:Bosque Farms
State:NM [New Mexico]
Counties: VALENCIA, NM
City Alias(es):Bosque Farms
Area Code:505
Time Zone: Mountain (GMT -07:00)
Observes Day Light Savings:Yes
Classification: [Non-Unique]




87068 Income Tax Overview

Total Number of Tax Returns for ZIP Code 87068 [1] 2,030
Total Number of Single Tax Returns for ZIP Code 87068 880
Total Number of Joint Tax Returns for ZIP Code 87068 910
Total Number of Dependents for ZIP Code 87068 1,200
Total Adjusted Gross Income for ZIP Code 87068 $113,488,000
Average Income per Person for ZIP Code 87068 $23,867
Average Income per Household for ZIP Code 87068 $55,905

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] 700
Number of single returns 500
Number of joint returns 100
Number of head of household returns 100
Number of returns with paid preparer's signature 280
Number of exemptions 940
Number of dependents 260
Adjust gross income (AGI) [2] $8,429,000
Number of returns with total income 700
Salaries and wages amount $8,531,000
Number of returns with salaries and wages 510
Salaries and wages amount $5,606
Number of returns with taxable interest 130
Taxable interest amount $121
Number of returns with ordinary dividends 70
Ordinary dividends amount $115,000
Number of returns with qualified dividends 60
Qualified dividends amount [3] $50
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) 80
Business or professional net income (less loss) amount $510,000
Number of returns with net capital gain (less loss) 60
Net capital gain (less loss) amount ($4,000)
Number of returns with taxable individual retirement arrangements distributions 50
Taxable individual retirement arrangements distributions amount $290,000
Number of returns with taxable pensions and annuities 130
Taxable pensions and annuities amount $1,415,000
Number of farm returns 20
Number of returns with unemployment compensation 40
Unemployment compensation amount [4] $249,000
Number of returns with taxable Social Security benefits 40
Taxable Social Security benefits amount $68,000
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 110
Total statutory adjustments amount $103,000
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 20
Student loan interest deduction amount $16,000
Number of returns with tuition and fees deduction 20
Tuition and fees deduction amount $38,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 50
Total itemized deductions amount $672,000
Amount of AGI for itemized returns $775,000
Number of returns with State and local income taxes 20
State and local income taxes amount $21,000
Number of returns with State and local general sales tax 20
State and local general sales tax amount $10,000
Number of returns with real estate taxes 40
Real estate taxes amount $60,000
Number of returns with taxes paid 50
Taxes paid amount $95,000
Number of returns with mortgage interest paid 30
Mortgage interest paid amount $232,000
Number of returns with contributions 30
Contributions amount $82,000
Number of returns with taxable income 310
Taxable income amount $1,772,000
Number of returns with income tax before credits 310
Income tax before credits amount $186,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 100
Total tax credits amount $27,000
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 30
Nonrefundable education credit amount $12,000
Number of returns with retirement savings contribution credit 40
Retirement savings contribution credit amount $6,000
Number of returns with child tax credit 30
Child tax credit amount $9,000
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 $85,000
Number of returns with total tax payments 620
Total tax payments amount $1,235,000
Number of returns with earned income credit 230
Earned income credit amount [5] $464,000
Number of returns with excess earned income credit 200
Excess earned income credit (refundable) amount [6] $409,000
Number of returns with additional child tax credit 120
Additional child tax credit amount $133,000
Number of returns with refundable education credit 40
Refundable education credit amount $32,000
Number of returns with income tax 250
Income tax amount [7] $159,000
Number of returns with tax liability 320
Total tax liability amount [8] $252,000
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 60
Tax due at time of filing amount [9] $34,000
Number of returns with overpayments refunded 580
Overpayments refunded amount [10] $1,018,000

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

Number of returns [1] 510
Number of single returns 220
Number of joint returns 180
Number of head of household returns 110
Number of returns with paid preparer's signature 240
Number of exemptions 990
Number of dependents 310
Adjust gross income (AGI) [2] $18,472,000
Number of returns with total income 510
Salaries and wages amount $18,646,000
Number of returns with salaries and wages 410
Salaries and wages amount $13,134
Number of returns with taxable interest 160
Taxable interest amount $184
Number of returns with ordinary dividends 70
Ordinary dividends amount $137,000
Number of returns with qualified dividends 60
Qualified dividends amount [3] $74
Number of returns with state and local income tax refunds 60
State and local income tax refunds amount $26
Number of returns with business or professional net income (less loss) 60
Business or professional net income (less loss) amount $446,000
Number of returns with net capital gain (less loss) 60
Net capital gain (less loss) amount $43,000
Number of returns with taxable individual retirement arrangements distributions 50
Taxable individual retirement arrangements distributions amount $408,000
Number of returns with taxable pensions and annuities 150
Taxable pensions and annuities amount $2,998,000
Number of farm returns 0
Number of returns with unemployment compensation 30
Unemployment compensation amount [4] $174,000
Number of returns with taxable Social Security benefits 120
Taxable Social Security benefits amount $801,000
Number of returns with partnership/S-corp net income (less loss) 30
Partnership/S-corp net income (less loss) amount $171,000
Number of returns with total statutory adjustments 110
Total statutory adjustments amount $174,000
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 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 $23,000
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 90
Total itemized deductions amount $1,465,000
Amount of AGI for itemized returns $3,540,000
Number of returns with State and local income taxes 70
State and local income taxes amount $74,000
Number of returns with State and local general sales tax 20
State and local general sales tax amount $25,000
Number of returns with real estate taxes 80
Real estate taxes amount $171,000
Number of returns with taxes paid 90
Taxes paid amount $279,000
Number of returns with mortgage interest paid 70
Mortgage interest paid amount $615,000
Number of returns with contributions 60
Contributions amount $136,000
Number of returns with taxable income 490
Taxable income amount $9,393,000
Number of returns with income tax before credits 480
Income tax before credits amount $1,137,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 200
Total tax credits amount $161,000
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 30
Child and dependent care credit amount $13,000
Number of returns with nonrefundable education credit 60
Nonrefundable education credit amount $48,000
Number of returns with retirement savings contribution credit 80
Retirement savings contribution credit amount $15,000
Number of returns with child tax credit 120
Child tax credit amount $104,000
Number of returns with residential energy tax credit 20
Residential energy tax credit amount $6,000
Number of returns with self-employment tax 50
Self-employment tax amount $90,000
Number of returns with total tax payments 490
Total tax payments amount $1,948,000
Number of returns with earned income credit 110
Earned income credit amount [5] $192,000
Number of returns with excess earned income credit 90
Excess earned income credit (refundable) amount [6] $156,000
Number of returns with additional child tax credit 90
Additional child tax credit amount $121,000
Number of returns with refundable education credit 40
Refundable education credit amount $26,000
Number of returns with income tax 410
Income tax amount [7] $975,000
Number of returns with tax liability 430
Total tax liability amount [8] $1,086,000
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 90
Tax due at time of filing amount [9] $143,000
Number of returns with overpayments refunded 410
Overpayments refunded amount [10] $973,000

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

Number of returns [1] 310
Number of single returns 90
Number of joint returns 190
Number of head of household returns 40
Number of returns with paid preparer's signature 150
Number of exemptions 700
Number of dependents 200
Adjust gross income (AGI) [2] $19,035,000
Number of returns with total income 310
Salaries and wages amount $19,295,000
Number of returns with salaries and wages 240
Salaries and wages amount $12,310
Number of returns with taxable interest 140
Taxable interest amount $131
Number of returns with ordinary dividends 70
Ordinary dividends amount $162,000
Number of returns with qualified dividends 60
Qualified dividends amount [3] $78
Number of returns with state and local income tax refunds 60
State and local income tax refunds amount $29
Number of returns with business or professional net income (less loss) 50
Business or professional net income (less loss) amount $534,000
Number of returns with net capital gain (less loss) 50
Net capital gain (less loss) amount $112,000
Number of returns with taxable individual retirement arrangements distributions 50
Taxable individual retirement arrangements distributions amount $505,000
Number of returns with taxable pensions and annuities 110
Taxable pensions and annuities amount $3,696,000
Number of farm returns 0
Number of returns with unemployment compensation 30
Unemployment compensation amount [4] $176,000
Number of returns with taxable Social Security benefits 90
Taxable Social Security benefits amount $1,267,000
Number of returns with partnership/S-corp net income (less loss) 30
Partnership/S-corp net income (less loss) amount $255,000
Number of returns with total statutory adjustments 90
Total statutory adjustments amount $261,000
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 30
IRA payments amount $181,000
Number of returns with student loan interest deduction 40
Student loan interest deduction amount $31,000
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 100
Total itemized deductions amount $1,576,000
Amount of AGI for itemized returns $6,628,000
Number of returns with State and local income taxes 80
State and local income taxes amount $182,000
Number of returns with State and local general sales tax 30
State and local general sales tax amount $56,000
Number of returns with real estate taxes 90
Real estate taxes amount $167,000
Number of returns with taxes paid 100
Taxes paid amount $408,000
Number of returns with mortgage interest paid 80
Mortgage interest paid amount $582,000
Number of returns with contributions 80
Contributions amount $219,000
Number of returns with taxable income 310
Taxable income amount $12,554,000
Number of returns with income tax before credits 300
Income tax before credits amount $1,748,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 120
Total tax credits amount $185,000
Number of returns with foreign tax credit 40
Foreign tax credit amount $2,000
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 80
Child tax credit amount $143,000
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 60
Self-employment tax amount $144,000
Number of returns with total tax payments 300
Total tax payments amount $1,993,000
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 290
Income tax amount [7] $1,564,000
Number of returns with tax liability 300
Total tax liability amount [8] $1,693,000
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 90
Tax due at time of filing amount [9] $181,000
Number of returns with overpayments refunded 200
Overpayments refunded amount [10] $453,000

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

Number of returns [1] 220
Number of single returns 30
Number of joint returns 180
Number of head of household returns 0
Number of returns with paid preparer's signature 110
Number of exemptions 560
Number of dependents 170
Adjust gross income (AGI) [2] $18,629,000
Number of returns with total income 220
Salaries and wages amount $18,770,000
Number of returns with salaries and wages 190
Salaries and wages amount $12,871
Number of returns with taxable interest 110
Taxable interest amount $73
Number of returns with ordinary dividends 50
Ordinary dividends amount $135,000
Number of returns with qualified dividends 40
Qualified dividends amount [3] $100
Number of returns with state and local income tax refunds 50
State and local income tax refunds amount $33
Number of returns with business or professional net income (less loss) 40
Business or professional net income (less loss) amount $198,000
Number of returns with net capital gain (less loss) 40
Net capital gain (less loss) amount $143,000
Number of returns with taxable individual retirement arrangements distributions 40
Taxable individual retirement arrangements distributions amount $706,000
Number of returns with taxable pensions and annuities 80
Taxable pensions and annuities amount $3,064,000
Number of farm returns 30
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 70
Taxable Social Security benefits amount $1,200,000
Number of returns with partnership/S-corp net income (less loss) 20
Partnership/S-corp net income (less loss) amount $312,000
Number of returns with total statutory adjustments 50
Total statutory adjustments amount $142,000
Number of returns with educator expenses 20
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 0
IRA payments amount $0
Number of returns with student loan interest deduction 30
Student loan interest deduction amount $26,000
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 90
Total itemized deductions amount $1,885,000
Amount of AGI for itemized returns $8,094,000
Number of returns with State and local income taxes 80
State and local income taxes amount $238,000
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 80
Real estate taxes amount $184,000
Number of returns with taxes paid 90
Taxes paid amount $466,000
Number of returns with mortgage interest paid 80
Mortgage interest paid amount $639,000
Number of returns with contributions 80
Contributions amount $211,000
Number of returns with taxable income 210
Taxable income amount $13,115,000
Number of returns with income tax before credits 210
Income tax before credits amount $1,891,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 100
Total tax credits amount $163,000
Number of returns with foreign tax credit 0
Foreign tax credit amount $0
Number of returns with child and dependent care credit 30
Child and dependent care credit amount $13,000
Number of returns with nonrefundable education credit 40
Nonrefundable education credit amount $33,000
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 70
Child tax credit amount $108,000
Number of returns with residential energy tax credit 20
Residential energy tax credit amount $9,000
Number of returns with self-employment tax 0
Self-employment tax amount $0
Number of returns with total tax payments 220
Total tax payments amount $2,125,000
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 30
Refundable education credit amount $19,000
Number of returns with income tax 210
Income tax amount [7] $1,728,000
Number of returns with tax liability 210
Total tax liability amount [8] $1,783,000
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 70
Tax due at time of filing amount [9] $163,000
Number of returns with overpayments refunded 150
Overpayments refunded amount [10] $504,000

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

Number of returns [1] 250
Number of single returns 20
Number of joint returns 230
Number of head of household returns 0
Number of returns with paid preparer's signature 130
Number of exemptions 710
Number of dependents 220
Adjust gross income (AGI) [2] $33,599,000
Number of returns with total income 250
Salaries and wages amount $33,950,000
Number of returns with salaries and wages 230
Salaries and wages amount $23,969
Number of returns with taxable interest 170
Taxable interest amount $296
Number of returns with ordinary dividends 100
Ordinary dividends amount $306,000
Number of returns with qualified dividends 90
Qualified dividends amount [3] $209
Number of returns with state and local income tax refunds 100
State and local income tax refunds amount $70
Number of returns with business or professional net income (less loss) 60
Business or professional net income (less loss) amount $880,000
Number of returns with net capital gain (less loss) 70
Net capital gain (less loss) amount $661,000
Number of returns with taxable individual retirement arrangements distributions 40
Taxable individual retirement arrangements distributions amount $713,000
Number of returns with taxable pensions and annuities 110
Taxable pensions and annuities amount $4,742,000
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 70
Taxable Social Security benefits amount $1,208,000
Number of returns with partnership/S-corp net income (less loss) 40
Partnership/S-corp net income (less loss) amount $1,550,000
Number of returns with total statutory adjustments 100
Total statutory adjustments amount $758,000
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 40
Self-employment health insurance deduction amount $203,000
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 180
Total itemized deductions amount $4,112,000
Amount of AGI for itemized returns $23,942,000
Number of returns with State and local income taxes 170
State and local income taxes amount $892,000
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 170
Real estate taxes amount $446,000
Number of returns with taxes paid 180
Taxes paid amount $1,354,000
Number of returns with mortgage interest paid 160
Mortgage interest paid amount $1,421,000
Number of returns with contributions 150
Contributions amount $627,000
Number of returns with taxable income 250
Taxable income amount $25,796,000
Number of returns with income tax before credits 250
Income tax before credits amount $4,448,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 120
Total tax credits amount $171,000
Number of returns with foreign tax credit 20
Foreign tax credit amount $1,000
Number of returns with child and dependent care credit 0
Child and dependent care credit amount $0
Number of returns with nonrefundable education credit 30
Nonrefundable education credit amount $44,000
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 $78,000
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 50
Self-employment tax amount $219,000
Number of returns with total tax payments 250
Total tax payments amount $4,643,000
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 30
Refundable education credit amount $28,000
Number of returns with income tax 250
Income tax amount [7] $4,302,000
Number of returns with tax liability 250
Total tax liability amount [8] $4,504,000
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] $516,000
Number of returns with overpayments refunded 150
Overpayments refunded amount [10] $641,000

Adjusted Gross Income: $200,000 or more

Number of returns [1] 40
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 30
Number of exemptions 110
Number of dependents 40
Adjust gross income (AGI) [2] $15,324,000
Number of returns with total income 40
Salaries and wages amount $15,732,000
Number of returns with salaries and wages 30
Salaries and wages amount $6,649
Number of returns with taxable interest 30
Taxable interest amount $72
Number of returns with ordinary dividends 0
Ordinary dividends amount $0
Number of returns with qualified dividends 0
Qualified dividends amount [3] $0
Number of returns with state and local income tax refunds 20
State and local income tax refunds amount $52
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) 20
Net capital gain (less loss) amount $259,000
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) 20
Partnership/S-corp net income (less loss) amount $6,509,000
Number of returns with total statutory adjustments 0
Total statutory adjustments amount $0
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 $1,256,000
Amount of AGI for itemized returns $14,457,000
Number of returns with State and local income taxes 30
State and local income taxes amount $571,000
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 30
Real estate taxes amount $150,000
Number of returns with taxes paid 40
Taxes paid amount $724,000
Number of returns with mortgage interest paid 30
Mortgage interest paid amount $357,000
Number of returns with contributions 30
Contributions amount $217,000
Number of returns with taxable income 40
Taxable income amount $13,717,000
Number of returns with income tax before credits 40
Income tax before credits amount $3,941,000
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 $3,283,000
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] $3,839,000
Number of returns with tax liability 40
Total tax liability amount [8] $3,994,000
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 20
Tax due at time of filing amount [9] $850,000
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.