IRS Income Data for Olney, MD 20832
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 11% | 16% | 12% | 11% | 25% | 8% |
| Number of returns | 2,037 | 1,289 | 1,871 | 1,431 | 1,264 | 2,991 | 981 |
| Number of joint returns | 74 | 156 | 390 | 519 | 721 | 2,524 | 931 |
| Number of returns from paid preparer | 822 | 592 | 888 | 763 | 618 | 1,367 | 520 |
| Total number of exemptions | 975 | 1,737 | 3,219 | 2,890 | 3,093 | 9,086 | 3,300 |
| Total number of dependents | 116 | 271 | 563 | 536 | 605 | 1,873 | 680 |
| Adjusted gross income | $3,683 | $16,797 | $37,395 | $62,008 | $87,559 | $140,766 | $333,666 |
| Salaries and wages | $3,992 | $12,791 | $30,964 | $47,829 | $68,489 | $118,244 | $238,429 |
| Taxable interest | $266 | $577 | $660 | $1,279 | $1,561 | $1,793 | $3,916 |
| Ordinary dividends | $262 | $369 | $417 | $989 | $1,088 | $1,836 | $5,425 |
| Business or professional net income | $239 | $1,375 | $1,354 | $1,850 | $2,825 | $4,317 | $18,278 |
| Net capital gain | $-1 | $-3 | $-13 | $109 | $157 | $536 | $24,664 |
| Taxable individual retirement account distributions | $91 | $468 | $694 | $1,610 | $1,533 | $1,653 | $1,674 |
| Taxable pensions and annuities | $122 | $1,402 | $2,603 | $6,309 | $8,965 | $8,462 | $10,325 |
| Unemployment compensation | $18 | $204 | $178 | $156 | $140 | $127 | $118 |
| Taxable Social Security benefits | $0 | $81 | $720 | $2,313 | $2,589 | $1,880 | $1,158 |
| Self-employment retirement plans | $0 | $0 | $0 | $97 | $109 | $421 | $2,041 |
| Total itemized deductions | $1,019 | $3,688 | $8,821 | $17,755 | $22,736 | $32,987 | $58,160 |
| State and local income taxes | $68 | $185 | $1,010 | $2,888 | $4,967 | $9,375 | $26,085 |
| State and local general sales tax | $5 | $25 | $23 | $20 | $23 | $21 | $0 |
| Real estate taxes | $137 | $413 | $1,005 | $2,065 | $2,869 | $4,144 | $5,775 |
| Taxes paid | $211 | $640 | $2,066 | $5,034 | $7,915 | $13,617 | $32,279 |
| Mortgage interest paid | $486 | $1,404 | $4,059 | $8,082 | $10,555 | $14,462 | $18,595 |
| Contributions | $21 | $217 | $632 | $1,461 | $1,910 | $2,888 | $6,184 |
| Taxable income | $511 | $5,621 | $19,730 | $35,733 | $54,945 | $96,983 | $264,968 |
| Total tax credits | $2 | $96 | $321 | $474 | $754 | $412 | $192 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $10 | $0 | $0 |
| Child tax credit | $0 | $15 | $155 | $343 | $528 | $287 | $0 |
| Child and dependent care credit | $0 | $4 | $33 | $27 | $49 | $66 | $64 |
| Earned income credit | $93 | $552 | $128 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $73 | $436 | $91 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $16 | $135 | $4,480 |
| Income tax | $50 | $520 | $2,238 | $4,810 | $7,824 | $17,146 | $67,943 |
| Total tax liability | $133 | $774 | $2,528 | $5,268 | $8,469 | $17,906 | $69,953 |
| Tax due at time of filing | $52 | $115 | $219 | $333 | $433 | $914 | $6,352 |
| Overpayments refunded | $-343 | $-1,433 | $-1,892 | $-2,557 | $-3,129 | $-3,140 | $-3,116 |
| Total Tax Liability / AGI | 4% | 5% | 7% | 8% | 10% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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