IRS Income Data for Far Hills, NJ 07931
View threads near Far Hills, NJ 07931 or Start a new Far Hills NJ 07931 thread
| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 23% | 7% | 10% | 10% | 6% | 13% | 31% |
| Number of returns | 386 | 124 | 168 | 162 | 95 | 227 | 534 |
| Number of joint returns | 29 | 17 | 30 | 51 | 40 | 160 | 478 |
| Number of returns from paid preparer | 305 | 88 | 115 | 117 | 73 | 184 | 456 |
| Total number of exemptions | 169 | 151 | 243 | 294 | 168 | 558 | 1,774 |
| Total number of dependents | 16 | 19 | 36 | 47 | 24 | 86 | 331 |
| Adjusted gross income | $346 | $16,469 | $36,809 | $61,501 | $87,960 | $143,795 | $1,747,212 |
| Salaries and wages | $6,686 | $10,284 | $24,442 | $36,222 | $52,273 | $73,488 | $740,960 |
| Taxable interest | $4,038 | $912 | $2,225 | $4,145 | $4,467 | $7,635 | $68,968 |
| Ordinary dividends | $4,941 | $3,006 | $2,185 | $6,168 | $7,932 | $13,308 | $77,699 |
| Business or professional net income | $-1,699 | $1,899 | $1,787 | $5,329 | $8,623 | $10,511 | $22,175 |
| Net capital gain | $1,621 | $884 | $646 | $955 | $1,923 | $7,793 | $408,740 |
| Taxable individual retirement account distributions | $212 | $272 | $610 | $1,465 | $4,267 | $7,741 | $7,936 |
| Taxable pensions and annuities | $269 | $1,380 | $1,669 | $3,767 | $5,440 | $11,431 | $10,742 |
| Unemployment compensation | $0 | $665 | $0 | $674 | $0 | $557 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,497 | $3,468 | $4,822 | $6,991 | $2,901 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $1,658 | $4,714 |
| Total itemized deductions | $9,989 | $6,902 | $6,612 | $18,223 | $27,444 | $44,242 | $296,981 |
| State and local income taxes | $1,522 | $132 | $332 | $2,348 | $4,610 | $7,945 | $176,827 |
| State and local general sales tax | $0 | $71 | $109 | $102 | $0 | $92 | $0 |
| Real estate taxes | $2,099 | $1,815 | $1,957 | $4,444 | $6,754 | $11,745 | $29,303 |
| Taxes paid | $4,405 | $1,779 | $2,404 | $8,885 | $11,452 | $20,103 | $206,959 |
| Mortgage interest paid | $2,923 | $1,380 | $1,504 | $3,710 | $7,562 | $14,210 | $29,260 |
| Contributions | $0 | $297 | $410 | $1,508 | $2,330 | $3,765 | $46,892 |
| Taxable income | $727 | $6,141 | $22,231 | $37,990 | $54,899 | $91,401 | $1,445,415 |
| Total tax credits | $5 | $90 | $322 | $346 | $242 | $469 | $4,558 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $82 | $226 | $0 | $122 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $61 | $30 |
| Earned income credit | $28 | $331 | $50 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $26 | $231 | $0 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $997 | $23,805 |
| Income tax | $89 | $644 | $2,604 | $5,575 | $8,677 | $16,382 | $414,518 |
| Total tax liability | $228 | $1,038 | $3,087 | $6,539 | $9,941 | $18,513 | $424,948 |
| Tax due at time of filing | $53 | $259 | $539 | $543 | $1,061 | $1,988 | $18,366 |
| Overpayments refunded | $-2,574 | $-977 | $-1,517 | $-2,330 | $-3,511 | $-5,540 | $-22,383 |
| Total Tax Liability / AGI | 66% | 6% | 8% | 11% | 11% | 13% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
Please discuss this service and make suggestions for improvement.