IRS Income Data for Montrose, AL 36559
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 17% | 17% | 7% | 7% | 17% | 14% |
| Number of returns | 110 | 87 | 89 | 39 | 38 | 88 | 73 |
| Number of joint returns | 14 | 14 | 32 | 20 | 30 | 76 | 61 |
| Number of returns from paid preparer | 70 | 50 | 55 | 27 | 31 | 69 | 67 |
| Total number of exemptions | 116 | 148 | 157 | 83 | 90 | 229 | 198 |
| Total number of dependents | 19 | 31 | 22 | 15 | 12 | 34 | 34 |
| Adjusted gross income | $-977 | $17,021 | $37,355 | $62,398 | $88,003 | $145,692 | $482,386 |
| Salaries and wages | $5,529 | $10,913 | $22,768 | $27,796 | $41,392 | $74,185 | $224,518 |
| Taxable interest | $804 | $763 | $1,266 | $3,187 | $7,017 | $6,098 | $8,792 |
| Ordinary dividends | $696 | $145 | $1,178 | $2,135 | $4,808 | $13,539 | $11,419 |
| Business or professional net income | $-936 | $2,853 | $1,683 | $3,582 | $11,679 | $3,266 | $10,657 |
| Net capital gain | $9 | $-105 | $-21 | $1,012 | $836 | $7,113 | $59,455 |
| Taxable individual retirement account distributions | $0 | $0 | $1,262 | $6,084 | $6,461 | $8,860 | $0 |
| Taxable pensions and annuities | $0 | $2,509 | $6,099 | $11,284 | $8,123 | $13,073 | $10,488 |
| Unemployment compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $0 | $3,026 | $5,485 | $7,119 | $10,150 | $3,948 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $5,710 | $5,368 | $7,961 | $16,634 | $21,874 | $25,473 | $55,375 |
| State and local income taxes | $352 | $0 | $540 | $1,235 | $2,297 | $4,308 | $14,931 |
| State and local general sales tax | $0 | $95 | $0 | $579 | $0 | $0 | $0 |
| Real estate taxes | $316 | $265 | $456 | $1,326 | $950 | $2,083 | $4,310 |
| Taxes paid | $632 | $502 | $1,280 | $2,853 | $3,510 | $6,875 | $19,594 |
| Mortgage interest paid | $2,855 | $1,293 | $2,721 | $7,091 | $10,670 | $10,579 | $21,496 |
| Contributions | $0 | $457 | $1,117 | $2,184 | $2,948 | $4,258 | $11,946 |
| Taxable income | $380 | $4,177 | $19,333 | $35,285 | $55,866 | $108,394 | $419,320 |
| Total tax credits | $0 | $82 | $245 | $442 | $585 | $354 | $879 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $0 | $310 | $0 | $703 | $0 | $0 |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Earned income credit | $289 | $1,142 | $0 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $221 | $937 | $0 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $2,743 |
| Income tax | $18 | $366 | $2,036 | $4,348 | $7,224 | $18,340 | $113,675 |
| Total tax liability | $164 | $823 | $2,358 | $5,273 | $9,176 | $19,041 | $116,883 |
| Tax due at time of filing | $156 | $0 | $144 | $671 | $1,315 | $2,043 | $20,982 |
| Overpayments refunded | $-1,134 | $-1,818 | $-1,822 | $-1,990 | $-2,245 | $-2,839 | $-6,561 |
| Total Tax Liability / AGI | -17% | 5% | 6% | 8% | 10% | 13% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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