IRS Income Data for Elwood, IN 46036
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 22% | 26% | 26% | 14% | 7% | 5% | 0% |
| Number of returns | 1,251 | 1,460 | 1,451 | 786 | 395 | 268 | 21 |
| Number of joint returns | 155 | 408 | 593 | 591 | 335 | 247 | 21 |
| Number of returns from paid preparer | 662 | 986 | 950 | 515 | 260 | 192 | 18 |
| Total number of exemptions | 1,438 | 2,643 | 2,948 | 2,034 | 1,084 | 750 | 55 |
| Total number of dependents | 227 | 459 | 519 | 363 | 180 | 131 | 0 |
| Adjusted gross income | $4,362 | $16,946 | $35,564 | $61,570 | $85,525 | $124,303 | $337,827 |
| Salaries and wages | $3,581 | $11,225 | $27,431 | $49,652 | $67,056 | $91,362 | $154,369 |
| Taxable interest | $178 | $535 | $531 | $733 | $1,128 | $2,179 | $2,944 |
| Ordinary dividends | $45 | $124 | $174 | $290 | $405 | $1,046 | $3,279 |
| Business or professional net income | $130 | $538 | $366 | $912 | $1,013 | $2,601 | $0 |
| Net capital gain | $-57 | $66 | $128 | $91 | $420 | $1,947 | $0 |
| Taxable individual retirement account distributions | $153 | $413 | $726 | $1,355 | $1,902 | $1,747 | $0 |
| Taxable pensions and annuities | $818 | $3,454 | $4,483 | $4,820 | $6,790 | $8,988 | $0 |
| Unemployment compensation | $111 | $622 | $619 | $671 | $553 | $618 | $0 |
| Taxable Social Security benefits | $0 | $102 | $1,046 | $2,250 | $3,412 | $3,670 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $290 | $632 | $1,965 | $4,742 | $7,908 | $13,267 | $23,473 |
| State and local income taxes | $14 | $49 | $275 | $853 | $1,893 | $3,698 | $13,225 |
| State and local general sales tax | $0 | $5 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $21 | $40 | $139 | $291 | $522 | $999 | $778 |
| Taxes paid | $39 | $100 | $452 | $1,225 | $2,673 | $4,945 | $14,269 |
| Mortgage interest paid | $109 | $208 | $704 | $1,849 | $3,148 | $4,027 | $4,182 |
| Contributions | $0 | $60 | $205 | $604 | $988 | $2,059 | $4,043 |
| Taxable income | $140 | $4,299 | $19,275 | $40,422 | $62,135 | $97,674 | $303,509 |
| Total tax credits | $0 | $56 | $337 | $720 | $793 | $450 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $34 | $261 | $602 | $606 | $324 | $0 |
| Child and dependent care credit | $0 | $0 | $14 | $15 | $30 | $0 | $0 |
| Earned income credit | $388 | $917 | $237 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $358 | $854 | $192 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $64 | $0 |
| Income tax | $14 | $408 | $2,040 | $4,838 | $8,343 | $16,667 | $72,700 |
| Total tax liability | $67 | $525 | $2,149 | $5,103 | $8,778 | $18,021 | $76,405 |
| Tax due at time of filing | $17 | $56 | $93 | $398 | $694 | $2,618 | $15,863 |
| Overpayments refunded | $-705 | $-2,083 | $-2,150 | $-2,371 | $-2,999 | $-2,537 | $0 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 10% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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