IRS Income Data for Ottumwa, IA 52501
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 25% | 29% | 14% | 7% | 5% | 1% |
| Number of returns | 2,590 | 3,372 | 3,848 | 1,844 | 905 | 671 | 152 |
| Number of joint returns | 268 | 686 | 1,447 | 1,365 | 827 | 615 | 134 |
| Number of returns from paid preparer | 1,626 | 2,457 | 2,948 | 1,453 | 698 | 523 | 136 |
| Total number of exemptions | 2,838 | 5,609 | 8,294 | 4,713 | 2,577 | 1,889 | 449 |
| Total number of dependents | 474 | 1,007 | 1,593 | 798 | 441 | 323 | 82 |
| Adjusted gross income | $4,478 | $17,113 | $35,891 | $61,428 | $85,811 | $128,404 | $428,593 |
| Salaries and wages | $4,531 | $12,512 | $29,636 | $48,800 | $67,640 | $89,600 | $200,204 |
| Taxable interest | $194 | $531 | $687 | $1,282 | $1,385 | $3,239 | $9,084 |
| Ordinary dividends | $134 | $231 | $370 | $765 | $1,127 | $3,277 | $16,241 |
| Business or professional net income | $3 | $698 | $529 | $1,058 | $1,736 | $4,329 | $12,735 |
| Net capital gain | $-1 | $88 | $147 | $616 | $881 | $3,423 | $38,911 |
| Taxable individual retirement account distributions | $91 | $409 | $614 | $1,069 | $1,575 | $3,699 | $14,054 |
| Taxable pensions and annuities | $518 | $2,387 | $2,903 | $5,133 | $6,928 | $9,723 | $9,459 |
| Unemployment compensation | $135 | $465 | $377 | $355 | $274 | $148 | $0 |
| Taxable Social Security benefits | $0 | $78 | $896 | $2,613 | $2,995 | $4,290 | $3,858 |
| Self-employment retirement plans | $0 | $0 | $0 | $83 | $0 | $552 | $3,004 |
| Total itemized deductions | $381 | $870 | $2,096 | $5,476 | $9,605 | $17,751 | $47,323 |
| State and local income taxes | $16 | $42 | $233 | $856 | $2,074 | $5,427 | $23,207 |
| State and local general sales tax | $6 | $15 | $19 | $37 | $39 | $0 | $0 |
| Real estate taxes | $35 | $79 | $209 | $490 | $1,006 | $2,111 | $4,954 |
| Taxes paid | $60 | $146 | $498 | $1,448 | $3,306 | $7,850 | $28,651 |
| Mortgage interest paid | $83 | $162 | $521 | $1,442 | $2,832 | $4,622 | $8,222 |
| Contributions | $11 | $105 | $193 | $672 | $1,281 | $2,651 | $8,074 |
| Taxable income | $238 | $4,798 | $19,085 | $39,740 | $60,572 | $98,394 | $372,251 |
| Total tax credits | $0 | $78 | $445 | $792 | $1,099 | $496 | $203 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $34 | $341 | $575 | $643 | $332 | $0 |
| Child and dependent care credit | $0 | $6 | $25 | $37 | $54 | $45 | $0 |
| Earned income credit | $391 | $859 | $253 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $362 | $800 | $212 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $10 | $0 | $83 | $4,637 |
| Income tax | $22 | $433 | $1,893 | $4,620 | $7,411 | $16,608 | $100,897 |
| Total tax liability | $94 | $548 | $2,026 | $4,927 | $7,833 | $17,644 | $103,976 |
| Tax due at time of filing | $33 | $62 | $121 | $369 | $437 | $1,627 | $11,379 |
| Overpayments refunded | $-757 | $-1,965 | $-2,276 | $-2,273 | $-2,769 | $-2,470 | $-8,440 |
| Total Tax Liability / AGI | 2% | 3% | 6% | 8% | 9% | 14% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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