IRS Income Data for Holland, IA 50642
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 14% | 22% | 27% | 22% | 8% | 6% | 0% |
| Number of returns | 37 | 58 | 71 | 58 | 22 | 17 | 0 |
| Number of joint returns | 0 | 20 | 30 | 53 | 21 | 17 | 0 |
| Number of returns from paid preparer | 23 | 43 | 52 | 44 | 17 | 15 | 0 |
| Total number of exemptions | 27 | 105 | 149 | 175 | 65 | 56 | 0 |
| Total number of dependents | 0 | 18 | 23 | 35 | 18 | 0 | 0 |
| Adjusted gross income | $3,773 | $17,169 | $36,775 | $62,474 | $83,672 | $134,998 | |
| Salaries and wages | $6,086 | $11,075 | $26,263 | $50,507 | $55,732 | $92,219 | |
| Taxable interest | $46 | $1,244 | $1,275 | $523 | $212 | $460 | |
| Ordinary dividends | $0 | $295 | $594 | $378 | $522 | $0 | |
| Business or professional net income | $0 | $0 | $66 | $0 | $0 | $0 | |
| Net capital gain | $0 | $0 | $-76 | $300 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $668 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $0 | $1,739 | $1,871 | $586 | $0 | $0 | |
| Unemployment compensation | $0 | $0 | $200 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $958 | $3,549 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $2,823 | $4,602 | $7,369 | $0 | $0 | |
| State and local income taxes | $0 | $0 | $354 | $1,303 | $0 | $0 | |
| State and local general sales tax | $0 | $153 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $451 | $653 | $0 | $0 | |
| Taxes paid | $0 | $350 | $769 | $2,070 | $0 | $0 | |
| Mortgage interest paid | $0 | $0 | $1,173 | $1,740 | $4,526 | $0 | |
| Contributions | $0 | $0 | $1,086 | $527 | $0 | $0 | |
| Taxable income | $0 | $4,949 | $19,542 | $39,205 | $59,526 | $106,823 | |
| Total tax credits | $0 | $125 | $433 | $1,318 | $1,310 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $0 | $307 | $718 | $1,152 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $112 | $0 | $0 | |
| Earned income credit | $0 | $763 | $0 | $0 | $0 | $0 | |
| Excess earned income credit | $0 | $784 | $0 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $0 | $389 | $1,898 | $3,870 | $6,622 | $16,344 | |
| Total tax liability | $0 | $512 | $2,606 | $4,509 | $7,985 | $18,740 | |
| Tax due at time of filing | $0 | $0 | $760 | $2,164 | $0 | $0 | |
| Overpayments refunded | $-575 | $-1,943 | $-1,670 | $-2,103 | $-3,023 | $0 | |
| Total Tax Liability / AGI | 0% | 3% | 7% | 7% | 10% | 14% |
All numbers in the table are 2010 averages for that income class and zip code.
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