IRS Income Data for Grundy, VA 24614
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 24% | 20% | 16% | 10% | 7% | 2% |
| Number of returns | 564 | 647 | 530 | 434 | 257 | 178 | 48 |
| Number of joint returns | 134 | 221 | 265 | 318 | 224 | 150 | 37 |
| Number of returns from paid preparer | 369 | 438 | 362 | 324 | 191 | 135 | 41 |
| Total number of exemptions | 750 | 1,174 | 1,143 | 1,159 | 698 | 465 | 117 |
| Total number of dependents | 116 | 209 | 218 | 242 | 127 | 78 | 19 |
| Adjusted gross income | $4,426 | $17,006 | $36,450 | $62,175 | $85,546 | $126,860 | $436,856 |
| Salaries and wages | $3,856 | $13,711 | $30,037 | $54,257 | $70,195 | $92,053 | $141,699 |
| Taxable interest | $400 | $664 | $877 | $859 | $1,551 | $5,919 | $40,177 |
| Ordinary dividends | $61 | $83 | $121 | $300 | $842 | $2,712 | $27,309 |
| Business or professional net income | $297 | $427 | $649 | $594 | $1,174 | $3,410 | $42,586 |
| Net capital gain | $7 | $9 | $21 | $100 | $419 | $2,651 | $31,848 |
| Taxable individual retirement account distributions | $106 | $357 | $532 | $559 | $1,138 | $2,734 | $0 |
| Taxable pensions and annuities | $506 | $1,389 | $2,410 | $2,392 | $4,637 | $10,512 | $0 |
| Unemployment compensation | $46 | $116 | $121 | $133 | $58 | $0 | $0 |
| Taxable Social Security benefits | $0 | $74 | $1,350 | $2,554 | $3,827 | $5,915 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $0 | $478 | $1,157 | $2,448 | $5,019 | $11,649 | $52,806 |
| State and local income taxes | $0 | $18 | $121 | $407 | $1,145 | $4,123 | $25,858 |
| State and local general sales tax | $0 | $10 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $9 | $47 | $88 | $151 | $414 | $1,727 |
| Taxes paid | $0 | $49 | $181 | $522 | $1,362 | $4,713 | $29,980 |
| Mortgage interest paid | $0 | $0 | $223 | $648 | $1,509 | $2,791 | $3,829 |
| Contributions | $0 | $82 | $294 | $498 | $1,471 | $3,008 | $18,536 |
| Taxable income | $130 | $4,303 | $19,685 | $41,824 | $62,928 | $101,116 | $376,130 |
| Total tax credits | $0 | $73 | $407 | $772 | $769 | $601 | $150 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $26 | $304 | $656 | $610 | $322 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earned income credit | $507 | $922 | $214 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $467 | $868 | $167 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $7,113 |
| Income tax | $12 | $394 | $2,039 | $5,065 | $8,608 | $17,940 | $102,697 |
| Total tax liability | $79 | $497 | $2,220 | $5,248 | $8,956 | $18,733 | $107,094 |
| Tax due at time of filing | $20 | $50 | $160 | $176 | $644 | $1,456 | $14,722 |
| Overpayments refunded | $-851 | $-2,082 | $-2,143 | $-2,551 | $-2,345 | $-2,769 | $0 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 10% | 15% | 25% |
All numbers in the table are 2010 averages for that income class and zip code.
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