IRS Income Data for Albion, IA 50005
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 13% | 30% | 29% | 18% | 11% | 0% | 0% |
| Number of returns | 46 | 106 | 102 | 62 | 38 | 0 | 0 |
| Number of joint returns | 0 | 37 | 39 | 50 | 37 | 0 | 0 |
| Number of returns from paid preparer | 30 | 86 | 76 | 49 | 31 | 0 | 0 |
| Total number of exemptions | 44 | 172 | 210 | 170 | 105 | 0 | 0 |
| Total number of dependents | 0 | 28 | 37 | 27 | 14 | 0 | 0 |
| Adjusted gross income | $2,888 | $17,076 | $36,534 | $60,847 | $91,172 | ||
| Salaries and wages | $3,638 | $11,351 | $30,706 | $50,570 | $69,781 | ||
| Taxable interest | $45 | $875 | $775 | $511 | $732 | ||
| Ordinary dividends | $0 | $181 | $51 | $293 | $0 | ||
| Business or professional net income | $391 | $0 | $56 | $302 | $0 | ||
| Net capital gain | $0 | $-69 | $-39 | $395 | $0 | ||
| Taxable individual retirement account distributions | $0 | $701 | $855 | $0 | $0 | ||
| Taxable pensions and annuities | $0 | $2,926 | $1,959 | $5,130 | $0 | ||
| Unemployment compensation | $0 | $0 | $523 | $0 | $0 | ||
| Taxable Social Security benefits | $0 | $0 | $945 | $4,427 | $0 | ||
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | ||
| Total itemized deductions | $4,664 | $0 | $2,283 | $4,873 | $8,443 | ||
| State and local income taxes | $0 | $0 | $294 | $886 | $2,262 | ||
| State and local general sales tax | $0 | $0 | $0 | $0 | $0 | ||
| Real estate taxes | $336 | $0 | $197 | $371 | $768 | ||
| Taxes paid | $563 | $0 | $570 | $1,323 | $3,145 | ||
| Mortgage interest paid | $0 | $0 | $1,274 | $1,279 | $2,160 | ||
| Contributions | $0 | $0 | $182 | $740 | $827 | ||
| Taxable income | $0 | $4,476 | $20,182 | $39,013 | $66,752 | ||
| Total tax credits | $0 | $76 | $504 | $851 | $923 | ||
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | ||
| Child tax credit | $0 | $0 | $371 | $782 | $606 | ||
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | ||
| Earned income credit | $250 | $711 | $134 | $0 | $0 | ||
| Excess earned income credit | $227 | $609 | $109 | $0 | $0 | ||
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | ||
| Income tax | $0 | $406 | $2,006 | $4,391 | $8,779 | ||
| Total tax liability | $99 | $568 | $2,134 | $4,600 | $9,706 | ||
| Tax due at time of filing | $0 | $77 | $213 | $477 | $0 | ||
| Overpayments refunded | $-480 | $-1,631 | $-1,922 | $-2,207 | $-1,700 | ||
| Total Tax Liability / AGI | 3% | 3% | 6% | 8% | 11% |
All numbers in the table are 2010 averages for that income class and zip code.
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