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ZIP Code Database - Facts & Stats

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ZIP Code 87557 Income Tax Stats

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

ZIP Code 87557 Data

Zip Code:87557
City:Ranchos De Taos
State:NM [New Mexico]
Counties: TAOS, NM
City Alias(es):Ranchos De Taos
Area Code:575
Time Zone: Mountain (GMT -07:00)
Observes Day Light Savings:Yes
Classification: [Non-Unique]




87557 Income Tax Overview

Total Number of Tax Returns for ZIP Code 87557 [1] 3,090
Total Number of Single Tax Returns for ZIP Code 87557 910
Total Number of Joint Tax Returns for ZIP Code 87557 950
Total Number of Dependents for ZIP Code 87557 1,860
Total Adjusted Gross Income for ZIP Code 87557 $115,185,000
Average Income per Person for ZIP Code 87557 $18,114
Average Income per Household for ZIP Code 87557 $37,277

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] 1,670
Number of single returns 960
Number of joint returns 260
Number of head of household returns 440
Number of returns with paid preparer's signature 780
Number of exemptions 2,710
Number of dependents 920
Adjust gross income (AGI) [2] $20,576,000
Number of returns with total income 1,670
Salaries and wages amount $20,964,000
Number of returns with salaries and wages 1,280
Salaries and wages amount $15,542
Number of returns with taxable interest 250
Taxable interest amount $147
Number of returns with ordinary dividends 120
Ordinary dividends amount $263,000
Number of returns with qualified dividends 100
Qualified dividends amount [3] $155
Number of returns with state and local income tax refunds 40
State and local income tax refunds amount $18
Number of returns with business or professional net income (less loss) 310
Business or professional net income (less loss) amount $1,776,000
Number of returns with net capital gain (less loss) 100
Net capital gain (less loss) amount $123,000
Number of returns with taxable individual retirement arrangements distributions 50
Taxable individual retirement arrangements distributions amount $315,000
Number of returns with taxable pensions and annuities 170
Taxable pensions and annuities amount $1,826,000
Number of farm returns 0
Number of returns with unemployment compensation 130
Unemployment compensation amount [4] $716,000
Number of returns with taxable Social Security benefits 50
Taxable Social Security benefits amount $104,000
Number of returns with partnership/S-corp net income (less loss) 40
Partnership/S-corp net income (less loss) amount $89,000
Number of returns with total statutory adjustments 300
Total statutory adjustments amount $388,000
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 30
IRA payments amount $121,000
Number of returns with student loan interest deduction 40
Student loan interest deduction amount $37,000
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 100
Total itemized deductions amount $1,490,000
Amount of AGI for itemized returns $1,530,000
Number of returns with State and local income taxes 40
State and local income taxes amount $29,000
Number of returns with State and local general sales tax 50
State and local general sales tax amount $41,000
Number of returns with real estate taxes 80
Real estate taxes amount $120,000
Number of returns with taxes paid 100
Taxes paid amount $202,000
Number of returns with mortgage interest paid 60
Mortgage interest paid amount $480,000
Number of returns with contributions 60
Contributions amount $103,000
Number of returns with taxable income 620
Taxable income amount $3,475,000
Number of returns with income tax before credits 610
Income tax before credits amount $359,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 160
Total tax credits amount $57,000
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 40
Nonrefundable education credit amount $19,000
Number of returns with retirement savings contribution credit 50
Retirement savings contribution credit amount $9,000
Number of returns with child tax credit 70
Child tax credit amount $23,000
Number of returns with residential energy tax credit 0
Residential energy tax credit amount $0
Number of returns with self-employment tax 240
Self-employment tax amount $303,000
Number of returns with total tax payments 1,470
Total tax payments amount $3,530,000
Number of returns with earned income credit 730
Earned income credit amount [5] $1,767,000
Number of returns with excess earned income credit 640
Excess earned income credit (refundable) amount [6] $1,595,000
Number of returns with additional child tax credit 440
Additional child tax credit amount $517,000
Number of returns with refundable education credit 70
Refundable education credit amount $43,000
Number of returns with income tax 500
Income tax amount [7] $301,000
Number of returns with tax liability 710
Total tax liability amount [8] $611,000
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 150
Tax due at time of filing amount [9] $112,000
Number of returns with overpayments refunded 1,360
Overpayments refunded amount [10] $3,049,000

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

Number of returns [1] 740
Number of single returns 300
Number of joint returns 240
Number of head of household returns 190
Number of returns with paid preparer's signature 370
Number of exemptions 1,490
Number of dependents 510
Adjust gross income (AGI) [2] $26,393,000
Number of returns with total income 740
Salaries and wages amount $26,724,000
Number of returns with salaries and wages 650
Salaries and wages amount $20,929
Number of returns with taxable interest 180
Taxable interest amount $178
Number of returns with ordinary dividends 60
Ordinary dividends amount $166,000
Number of returns with qualified dividends 60
Qualified dividends amount [3] $124
Number of returns with state and local income tax refunds 70
State and local income tax refunds amount $38
Number of returns with business or professional net income (less loss) 120
Business or professional net income (less loss) amount $816,000
Number of returns with net capital gain (less loss) 50
Net capital gain (less loss) amount $150,000
Number of returns with taxable individual retirement arrangements distributions 40
Taxable individual retirement arrangements distributions amount $349,000
Number of returns with taxable pensions and annuities 140
Taxable pensions and annuities amount $2,704,000
Number of farm returns 40
Number of returns with unemployment compensation 70
Unemployment compensation amount [4] $353,000
Number of returns with taxable Social Security benefits 120
Taxable Social Security benefits amount $684,000
Number of returns with partnership/S-corp net income (less loss) 30
Partnership/S-corp net income (less loss) amount $236,000
Number of returns with total statutory adjustments 170
Total statutory adjustments amount $331,000
Number of returns with educator expenses 40
Educator expenses amount $8,000
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 20
Self-employment health insurance deduction amount $62,000
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 50
Student loan interest deduction amount $54,000
Number of returns with tuition and fees deduction 40
Tuition and fees deduction amount $41,000
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 150
Total itemized deductions amount $2,211,000
Amount of AGI for itemized returns $5,630,000
Number of returns with State and local income taxes 100
State and local income taxes amount $125,000
Number of returns with State and local general sales tax 40
State and local general sales tax amount $49,000
Number of returns with real estate taxes 130
Real estate taxes amount $207,000
Number of returns with taxes paid 150
Taxes paid amount $401,000
Number of returns with mortgage interest paid 110
Mortgage interest paid amount $875,000
Number of returns with contributions 100
Contributions amount $163,000
Number of returns with taxable income 720
Taxable income amount $13,013,000
Number of returns with income tax before credits 710
Income tax before credits amount $1,562,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 320
Total tax credits amount $272,000
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 50
Nonrefundable education credit amount $48,000
Number of returns with retirement savings contribution credit 110
Retirement savings contribution credit amount $27,000
Number of returns with child tax credit 190
Child tax credit amount $177,000
Number of returns with residential energy tax credit 60
Residential energy tax credit amount $22,000
Number of returns with self-employment tax 80
Self-employment tax amount $165,000
Number of returns with total tax payments 730
Total tax payments amount $2,777,000
Number of returns with earned income credit 190
Earned income credit amount [5] $382,000
Number of returns with excess earned income credit 170
Excess earned income credit (refundable) amount [6] $324,000
Number of returns with additional child tax credit 160
Additional child tax credit amount $200,000
Number of returns with refundable education credit 50
Refundable education credit amount $39,000
Number of returns with income tax 570
Income tax amount [7] $1,290,000
Number of returns with tax liability 590
Total tax liability amount [8] $1,466,000
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 130
Tax due at time of filing amount [9] $198,000
Number of returns with overpayments refunded 610
Overpayments refunded amount [10] $1,489,000

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

Number of returns [1] 320
Number of single returns 100
Number of joint returns 180
Number of head of household returns 40
Number of returns with paid preparer's signature 190
Number of exemptions 690
Number of dependents 190
Adjust gross income (AGI) [2] $19,445,000
Number of returns with total income 320
Salaries and wages amount $19,762,000
Number of returns with salaries and wages 250
Salaries and wages amount $12,845
Number of returns with taxable interest 130
Taxable interest amount $100
Number of returns with ordinary dividends 60
Ordinary dividends amount $427,000
Number of returns with qualified dividends 60
Qualified dividends amount [3] $347
Number of returns with state and local income tax refunds 60
State and local income tax refunds amount $34
Number of returns with business or professional net income (less loss) 70
Business or professional net income (less loss) amount $392,000
Number of returns with net capital gain (less loss) 50
Net capital gain (less loss) amount $354,000
Number of returns with taxable individual retirement arrangements distributions 40
Taxable individual retirement arrangements distributions amount $705,000
Number of returns with taxable pensions and annuities 110
Taxable pensions and annuities amount $3,238,000
Number of farm returns 0
Number of returns with unemployment compensation 50
Unemployment compensation amount [4] $278,000
Number of returns with taxable Social Security benefits 100
Taxable Social Security benefits amount $1,325,000
Number of returns with partnership/S-corp net income (less loss) 30
Partnership/S-corp net income (less loss) amount $269,000
Number of returns with total statutory adjustments 100
Total statutory adjustments amount $317,000
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 20
Self-employment health insurance deduction amount $109,000
Number of returns with IRA payments 20
IRA payments amount $140,000
Number of returns with student loan interest deduction 40
Student loan interest deduction amount $44,000
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 110
Total itemized deductions amount $2,050,000
Amount of AGI for itemized returns $6,752,000
Number of returns with State and local income taxes 90
State and local income taxes amount $225,000
Number of returns with State and local general sales tax 30
State and local general sales tax amount $59,000
Number of returns with real estate taxes 100
Real estate taxes amount $194,000
Number of returns with taxes paid 110
Taxes paid amount $448,000
Number of returns with mortgage interest paid 90
Mortgage interest paid amount $761,000
Number of returns with contributions 80
Contributions amount $211,000
Number of returns with taxable income 320
Taxable income amount $12,522,000
Number of returns with income tax before credits 310
Income tax before credits amount $1,688,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 130
Total tax credits amount $183,000
Number of returns with foreign tax credit 50
Foreign tax credit amount $4,000
Number of returns with child and dependent care credit 20
Child and dependent care credit amount $11,000
Number of returns with nonrefundable education credit 30
Nonrefundable education credit amount $21,000
Number of returns with retirement savings contribution credit 0
Retirement savings contribution credit amount $0
Number of returns with child tax credit 90
Child tax credit amount $125,000
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 $95,000
Number of returns with total tax payments 310
Total tax payments amount $2,020,000
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 300
Income tax amount [7] $1,505,000
Number of returns with tax liability 310
Total tax liability amount [8] $1,630,000
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] $212,000
Number of returns with overpayments refunded 210
Overpayments refunded amount [10] $556,000

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

Number of returns [1] 150
Number of single returns 40
Number of joint returns 100
Number of head of household returns 20
Number of returns with paid preparer's signature 100
Number of exemptions 380
Number of dependents 130
Adjust gross income (AGI) [2] $13,119,000
Number of returns with total income 150
Salaries and wages amount $13,399,000
Number of returns with salaries and wages 130
Salaries and wages amount $8,869
Number of returns with taxable interest 70
Taxable interest amount $87
Number of returns with ordinary dividends 50
Ordinary dividends amount $319,000
Number of returns with qualified dividends 40
Qualified dividends amount [3] $246
Number of returns with state and local income tax refunds 40
State and local income tax refunds amount $34
Number of returns with business or professional net income (less loss) 40
Business or professional net income (less loss) amount $375,000
Number of returns with net capital gain (less loss) 40
Net capital gain (less loss) amount $320,000
Number of returns with taxable individual retirement arrangements distributions 20
Taxable individual retirement arrangements distributions amount $521,000
Number of returns with taxable pensions and annuities 50
Taxable pensions and annuities amount $1,650,000
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 $662,000
Number of returns with partnership/S-corp net income (less loss) 20
Partnership/S-corp net income (less loss) amount $393,000
Number of returns with total statutory adjustments 50
Total statutory adjustments amount $281,000
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 $196,000
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 80
Total itemized deductions amount $1,758,000
Amount of AGI for itemized returns $6,996,000
Number of returns with State and local income taxes 80
State and local income taxes amount $265,000
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 70
Real estate taxes amount $165,000
Number of returns with taxes paid 80
Taxes paid amount $461,000
Number of returns with mortgage interest paid 70
Mortgage interest paid amount $647,000
Number of returns with contributions 60
Contributions amount $151,000
Number of returns with taxable income 150
Taxable income amount $9,049,000
Number of returns with income tax before credits 150
Income tax before credits amount $1,323,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 80
Total tax credits amount $126,000
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 $31,000
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 $83,000
Number of returns with residential energy tax credit 20
Residential energy tax credit amount $12,000
Number of returns with self-employment tax 20
Self-employment tax amount $89,000
Number of returns with total tax payments 150
Total tax payments amount $1,564,000
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 20
Refundable education credit amount $20,000
Number of returns with income tax 150
Income tax amount [7] $1,198,000
Number of returns with tax liability 150
Total tax liability amount [8] $1,304,000
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 50
Tax due at time of filing amount [9] $183,000
Number of returns with overpayments refunded 100
Overpayments refunded amount [10] $405,000

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

Number of returns [1] 160
Number of single returns 30
Number of joint returns 130
Number of head of household returns 0
Number of returns with paid preparer's signature 100
Number of exemptions 380
Number of dependents 90
Adjust gross income (AGI) [2] $21,119,000
Number of returns with total income 160
Salaries and wages amount $21,343,000
Number of returns with salaries and wages 130
Salaries and wages amount $12,593
Number of returns with taxable interest 100
Taxable interest amount $266
Number of returns with ordinary dividends 60
Ordinary dividends amount $522,000
Number of returns with qualified dividends 60
Qualified dividends amount [3] $371
Number of returns with state and local income tax refunds 70
State and local income tax refunds amount $90
Number of returns with business or professional net income (less loss) 40
Business or professional net income (less loss) amount $454,000
Number of returns with net capital gain (less loss) 60
Net capital gain (less loss) amount $891,000
Number of returns with taxable individual retirement arrangements distributions 40
Taxable individual retirement arrangements distributions amount $1,924,000
Number of returns with taxable pensions and annuities 80
Taxable pensions and annuities amount $4,240,000
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 $1,456,000
Number of returns with partnership/S-corp net income (less loss) 50
Partnership/S-corp net income (less loss) amount $2,364,000
Number of returns with total statutory adjustments 60
Total statutory adjustments amount $224,000
Number of returns with educator expenses 0
Educator expenses amount $0
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 0
Student loan interest deduction amount $0
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 110
Total itemized deductions amount $2,621,000
Amount of AGI for itemized returns $14,633,000
Number of returns with State and local income taxes 90
State and local income taxes amount $521,000
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 100
Real estate taxes amount $267,000
Number of returns with taxes paid 110
Taxes paid amount $818,000
Number of returns with mortgage interest paid 80
Mortgage interest paid amount $894,000
Number of returns with contributions 90
Contributions amount $300,000
Number of returns with taxable income 160
Taxable income amount $16,399,000
Number of returns with income tax before credits 160
Income tax before credits amount $2,801,000
Number of returns with alternative minimum tax 0
Alternative minimum tax amount $0
Number of returns with total tax credits 80
Total tax credits amount $86,000
Number of returns with foreign tax credit 40
Foreign tax credit amount $8,000
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 20
Child tax credit amount $26,000
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 $166,000
Number of returns with total tax payments 160
Total tax payments amount $2,873,000
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] $2,728,000
Number of returns with tax liability 160
Total tax liability amount [8] $2,815,000
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] $317,000
Number of returns with overpayments refunded 90
Overpayments refunded amount [10] $395,000

Adjusted Gross Income: $200,000 or more

Number of returns [1] 50
Number of single returns 0
Number of joint returns 40
Number of head of household returns 0
Number of returns with paid preparer's signature 40
Number of exemptions 100
Number of dependents 20
Adjust gross income (AGI) [2] $14,533,000
Number of returns with total income 50
Salaries and wages amount $14,789,000
Number of returns with salaries and wages 40
Salaries and wages amount $6,329
Number of returns with taxable interest 40
Taxable interest amount $87
Number of returns with ordinary dividends 30
Ordinary dividends amount $199,000
Number of returns with qualified dividends 30
Qualified dividends amount [3] $139
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) 20
Business or professional net income (less loss) amount $1,338,000
Number of returns with net capital gain (less loss) 30
Net capital gain (less loss) amount $426,000
Number of returns with taxable individual retirement arrangements distributions 0
Taxable individual retirement arrangements distributions amount $0
Number of returns with taxable pensions and annuities 0
Taxable pensions and annuities amount $0
Number of farm returns 0
Number of returns with unemployment compensation 0
Unemployment compensation amount [4] $0
Number of returns with taxable Social Security benefits 0
Taxable Social Security benefits amount $0
Number of returns with partnership/S-corp net income (less loss) 0
Partnership/S-corp net income (less loss) amount $0
Number of returns with total statutory adjustments 20
Total statutory adjustments amount $256,000
Number of returns with educator expenses 0
Educator expenses amount $0
Number of returns with self-employment retirement plans 0
Self-employment retirement plans amount $0
Number of returns with self-employment health insurance deduction 0
Self-employment health insurance deduction amount $0
Number of returns with IRA payments 0
IRA payments amount $0
Number of returns with student loan interest deduction 0
Student loan interest deduction amount $0
Number of returns with tuition and fees deduction 0
Tuition and fees deduction amount $0
Returns with domestic production activities deduction 0
Domestic production activities deduction amount $0
Number of returns with itemized deductions 40
Total itemized deductions amount $2,227,000
Amount of AGI for itemized returns $13,578,000
Number of returns with State and local income taxes 40
State and local income taxes amount $593,000
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 40
Real estate taxes amount $143,000
Number of returns with taxes paid 40
Taxes paid amount $763,000
Number of returns with mortgage interest paid 30
Mortgage interest paid amount $525,000
Number of returns with contributions 40
Contributions amount $211,000
Number of returns with taxable income 50
Taxable income amount $11,959,000
Number of returns with income tax before credits 50
Income tax before credits amount $3,042,000
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 50
Total tax payments amount $2,871,000
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 50
Income tax amount [7] $2,968,000
Number of returns with tax liability 50
Total tax liability amount [8] $3,146,000
Number of returns with Additional Medicare tax 0
Additional Medicare tax $0
Number of returns with net investment income tax 30
Net investment income tax $0
Number of returns with tax due at time of filing 20
Tax due at time of filing amount [9] $605,000
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.