IRS Income Data for Boyce, VA 22620
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 16% | 17% | 22% | 15% | 10% | 16% | 4% |
| Number of returns | 153 | 168 | 211 | 144 | 101 | 157 | 41 |
| Number of joint returns | 18 | 27 | 75 | 89 | 77 | 141 | 32 |
| Number of returns from paid preparer | 72 | 83 | 109 | 82 | 48 | 79 | 29 |
| Total number of exemptions | 146 | 245 | 369 | 329 | 266 | 444 | 102 |
| Total number of dependents | 16 | 34 | 64 | 56 | 43 | 82 | 15 |
| Adjusted gross income | $2,300 | $17,531 | $36,636 | $62,339 | $88,010 | $134,733 | $493,444 |
| Salaries and wages | $3,874 | $13,210 | $26,771 | $48,579 | $68,747 | $107,602 | $196,223 |
| Taxable interest | $271 | $581 | $1,051 | $707 | $1,888 | $780 | $23,098 |
| Ordinary dividends | $337 | $616 | $1,124 | $1,213 | $4,032 | $2,237 | $30,022 |
| Business or professional net income | $-597 | $807 | $1,748 | $1,763 | $2,667 | $7,294 | $0 |
| Net capital gain | $72 | $47 | $-277 | $420 | $271 | $691 | $45,127 |
| Taxable individual retirement account distributions | $0 | $241 | $644 | $1,808 | $1,129 | $4,966 | $0 |
| Taxable pensions and annuities | $354 | $1,879 | $4,285 | $5,482 | $6,125 | $8,861 | $11,140 |
| Unemployment compensation | $0 | $0 | $334 | $0 | $409 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $1,210 | $2,251 | $2,930 | $3,309 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,830 | $2,970 | $6,133 | $13,628 | $19,640 | $27,081 | $88,590 |
| State and local income taxes | $0 | $198 | $594 | $1,774 | $3,414 | $6,268 | $33,437 |
| State and local general sales tax | $0 | $0 | $38 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $227 | $654 | $1,206 | $1,767 | $2,146 | $5,820 |
| Taxes paid | $177 | $385 | $1,389 | $3,227 | $5,450 | $8,921 | $40,357 |
| Mortgage interest paid | $0 | $1,646 | $2,886 | $6,898 | $9,795 | $13,643 | $22,222 |
| Contributions | $0 | $197 | $581 | $1,446 | $2,257 | $2,686 | $20,078 |
| Taxable income | $233 | $5,653 | $19,691 | $36,875 | $56,057 | $96,515 | $397,895 |
| Total tax credits | $0 | $54 | $223 | $623 | $758 | $452 | $385 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $139 | $417 | $627 | $375 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $62 | $0 | $36 | $0 |
| Earned income credit | $263 | $457 | $115 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $225 | $374 | $75 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $6,105 |
| Income tax | $23 | $551 | $2,242 | $4,551 | $7,308 | $16,701 | $98,566 |
| Total tax liability | $120 | $816 | $2,595 | $5,128 | $7,747 | $17,803 | $102,638 |
| Tax due at time of filing | $38 | $137 | $207 | $405 | $430 | $1,610 | $9,659 |
| Overpayments refunded | $-517 | $-1,351 | $-1,923 | $-2,825 | $-3,431 | $-3,468 | $-3,743 |
| Total Tax Liability / AGI | 5% | 5% | 7% | 8% | 9% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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