IRS Income Data for Bedford, IN 47421
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 24% | 25% | 14% | 9% | 7% | 1% |
| Number of returns | 2,619 | 3,060 | 3,117 | 1,837 | 1,110 | 833 | 115 |
| Number of joint returns | 341 | 865 | 1,448 | 1,359 | 968 | 772 | 102 |
| Number of returns from paid preparer | 1,439 | 2,018 | 2,045 | 1,191 | 732 | 564 | 101 |
| Total number of exemptions | 2,700 | 5,411 | 6,440 | 4,700 | 3,051 | 2,316 | 316 |
| Total number of dependents | 355 | 933 | 1,099 | 839 | 508 | 386 | 53 |
| Adjusted gross income | $3,917 | $17,089 | $36,232 | $61,754 | $86,022 | $127,171 | $419,130 |
| Salaries and wages | $3,411 | $11,687 | $27,410 | $49,784 | $70,735 | $98,699 | $139,282 |
| Taxable interest | $350 | $604 | $749 | $1,081 | $1,098 | $2,091 | $14,600 |
| Ordinary dividends | $124 | $165 | $234 | $471 | $551 | $1,687 | $13,380 |
| Business or professional net income | $69 | $653 | $665 | $754 | $1,300 | $3,011 | $15,379 |
| Net capital gain | $29 | $34 | $60 | $300 | $302 | $1,427 | $54,755 |
| Taxable individual retirement account distributions | $208 | $544 | $699 | $1,104 | $1,391 | $3,415 | $8,124 |
| Taxable pensions and annuities | $921 | $3,097 | $5,050 | $5,397 | $6,934 | $10,500 | $9,922 |
| Unemployment compensation | $128 | $618 | $675 | $972 | $977 | $981 | $0 |
| Taxable Social Security benefits | $0 | $111 | $1,108 | $2,197 | $2,702 | $2,604 | $4,555 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $330 | $0 |
| Total itemized deductions | $362 | $950 | $2,851 | $5,658 | $9,144 | $16,150 | $49,631 |
| State and local income taxes | $15 | $59 | $348 | $960 | $1,885 | $4,165 | $17,851 |
| State and local general sales tax | $5 | $8 | $14 | $19 | $23 | $0 | $0 |
| Real estate taxes | $36 | $71 | $204 | $413 | $761 | $1,425 | $3,373 |
| Taxes paid | $66 | $160 | $606 | $1,484 | $2,820 | $5,919 | $22,002 |
| Mortgage interest paid | $143 | $280 | $968 | $2,025 | $3,468 | $5,398 | $8,560 |
| Contributions | $10 | $117 | $355 | $856 | $1,482 | $3,081 | $10,173 |
| Taxable income | $177 | $4,371 | $19,137 | $40,364 | $61,794 | $98,162 | $360,956 |
| Total tax credits | $0 | $61 | $359 | $773 | $965 | $449 | $352 |
| Residential energy tax credit | $0 | $0 | $3 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $28 | $267 | $601 | $640 | $312 | $0 |
| Child and dependent care credit | $0 | $6 | $18 | $38 | $50 | $41 | $0 |
| Earned income credit | $311 | $916 | $232 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $281 | $833 | $195 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $60 | $3,584 |
| Income tax | $19 | $411 | $1,995 | $4,799 | $8,084 | $16,892 | $93,125 |
| Total tax liability | $91 | $552 | $2,187 | $5,014 | $8,448 | $17,550 | $95,943 |
| Tax due at time of filing | $19 | $50 | $117 | $195 | $373 | $1,054 | $12,582 |
| Overpayments refunded | $-618 | $-2,007 | $-2,134 | $-2,504 | $-3,048 | $-3,183 | $-5,762 |
| 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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