IRS Income Data for Penhook, VA 24137
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 24% | 23% | 14% | 8% | 8% | 4% |
| Number of returns | 219 | 273 | 258 | 166 | 92 | 97 | 41 |
| Number of joint returns | 50 | 73 | 133 | 128 | 85 | 88 | 39 |
| Number of returns from paid preparer | 137 | 193 | 189 | 136 | 65 | 71 | 37 |
| Total number of exemptions | 283 | 479 | 539 | 397 | 231 | 243 | 87 |
| Total number of dependents | 44 | 82 | 82 | 56 | 32 | 31 | 0 |
| Adjusted gross income | $2,729 | $17,502 | $35,795 | $61,831 | $84,798 | $136,934 | $522,669 |
| Salaries and wages | $3,524 | $12,405 | $26,087 | $42,268 | $53,403 | $66,327 | $166,500 |
| Taxable interest | $516 | $913 | $1,459 | $2,284 | $2,980 | $5,849 | $19,225 |
| Ordinary dividends | $768 | $286 | $845 | $1,513 | $2,795 | $11,372 | $14,831 |
| Business or professional net income | $240 | $839 | $1,012 | $1,767 | $967 | $1,358 | $0 |
| Net capital gain | $201 | $376 | $478 | $949 | $856 | $3,692 | $36,281 |
| Taxable individual retirement account distributions | $0 | $397 | $1,232 | $2,189 | $4,787 | $12,679 | $26,839 |
| Taxable pensions and annuities | $809 | $1,949 | $4,041 | $6,947 | $9,344 | $17,741 | $19,654 |
| Unemployment compensation | $236 | $544 | $313 | $289 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $110 | $1,613 | $3,964 | $8,000 | $7,295 | $11,139 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $1,636 | $1,139 | $4,202 | $8,140 | $14,168 | $30,199 | $69,900 |
| State and local income taxes | $0 | $65 | $403 | $1,144 | $2,493 | $5,812 | $30,067 |
| State and local general sales tax | $0 | $0 | $41 | $0 | $0 | $0 | $0 |
| Real estate taxes | $241 | $62 | $337 | $658 | $1,649 | $4,246 | $7,671 |
| Taxes paid | $474 | $169 | $813 | $2,008 | $4,465 | $10,598 | $38,965 |
| Mortgage interest paid | $0 | $1,072 | $1,741 | $3,121 | $5,116 | $12,261 | $19,797 |
| Contributions | $0 | $58 | $405 | $1,339 | $2,196 | $4,635 | $12,020 |
| Taxable income | $135 | $4,819 | $17,708 | $39,130 | $57,673 | $96,429 | $446,498 |
| Total tax credits | $0 | $84 | $285 | $568 | $624 | $489 | $177 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $36 | $203 | $436 | $445 | $341 | $0 |
| Child and dependent care credit | $0 | $0 | $27 | $0 | $0 | $0 | $0 |
| Earned income credit | $394 | $834 | $223 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $340 | $743 | $199 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $4,025 |
| Income tax | $12 | $423 | $1,785 | $4,572 | $7,149 | $15,769 | $126,695 |
| Total tax liability | $117 | $607 | $1,988 | $4,975 | $7,400 | $16,634 | $128,930 |
| Tax due at time of filing | $29 | $82 | $162 | $527 | $902 | $1,944 | $13,285 |
| Overpayments refunded | $-679 | $-1,898 | $-2,051 | $-2,266 | $-2,264 | $-3,531 | $-5,042 |
| Total Tax Liability / AGI | 4% | 3% | 6% | 8% | 9% | 12% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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