IRS Income Data for Springfield, MA 01104
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 20% | 30% | 31% | 12% | 5% | 2% | 0% |
| Number of returns | 1,956 | 2,848 | 2,981 | 1,114 | 485 | 206 | 11 |
| Number of joint returns | 125 | 319 | 560 | 558 | 383 | 183 | 0 |
| Number of returns from paid preparer | 1,009 | 1,736 | 1,738 | 644 | 289 | 143 | 0 |
| Total number of exemptions | 2,584 | 5,264 | 5,954 | 2,599 | 1,304 | 559 | 21 |
| Total number of dependents | 572 | 1,287 | 1,360 | 514 | 228 | 105 | 0 |
| Adjusted gross income | $5,008 | $17,201 | $35,595 | $60,646 | $85,865 | $120,845 | $284,578 |
| Salaries and wages | $4,388 | $14,145 | $31,409 | $52,029 | $72,995 | $104,712 | $0 |
| Taxable interest | $133 | $293 | $419 | $611 | $1,232 | $1,976 | $0 |
| Ordinary dividends | $54 | $86 | $114 | $276 | $571 | $1,307 | $0 |
| Business or professional net income | $318 | $599 | $395 | $472 | $1,000 | $2,567 | $0 |
| Net capital gain | $-24 | $-14 | $6 | $115 | $207 | $2,083 | $0 |
| Taxable individual retirement account distributions | $96 | $253 | $375 | $858 | $1,071 | $1,174 | $0 |
| Taxable pensions and annuities | $372 | $1,522 | $2,205 | $4,067 | $6,086 | $8,625 | $0 |
| Unemployment compensation | $153 | $532 | $522 | $613 | $648 | $938 | $0 |
| Taxable Social Security benefits | $0 | $78 | $517 | $1,693 | $2,098 | $2,049 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $354 | $1,192 | $4,037 | $7,894 | $11,605 | $17,039 | $0 |
| State and local income taxes | $21 | $84 | $550 | $1,544 | $2,750 | $5,582 | $0 |
| State and local general sales tax | $0 | $6 | $7 | $0 | $0 | $0 | $0 |
| Real estate taxes | $55 | $190 | $611 | $1,178 | $1,538 | $2,112 | $0 |
| Taxes paid | $81 | $292 | $1,218 | $2,811 | $4,448 | $7,968 | $0 |
| Mortgage interest paid | $125 | $508 | $1,853 | $3,260 | $4,754 | $5,538 | $0 |
| Contributions | $9 | $62 | $254 | $569 | $978 | $1,503 | $0 |
| Taxable income | $172 | $4,485 | $19,307 | $39,988 | $61,005 | $93,221 | $255,810 |
| Total tax credits | $0 | $102 | $457 | $714 | $831 | $488 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $58 | $339 | $569 | $610 | $329 | $0 |
| Child and dependent care credit | $0 | $11 | $37 | $32 | $38 | $57 | $0 |
| Earned income credit | $620 | $1,389 | $332 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $590 | $1,319 | $288 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $43 | $0 | $0 |
| Income tax | $17 | $382 | $1,983 | $5,065 | $8,323 | $15,771 | $49,443 |
| Total tax liability | $76 | $481 | $2,072 | $5,200 | $8,621 | $16,382 | $51,754 |
| Tax due at time of filing | $17 | $40 | $89 | $244 | $353 | $1,304 | $0 |
| Overpayments refunded | $-991 | $-2,694 | $-2,545 | $-2,609 | $-2,784 | $-2,545 | $0 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 9% | 10% | 14% | 18% |
All numbers in the table are 2010 averages for that income class and zip code.
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