IRS Income Data for Minneapolis, MN 55419
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More about Minneapolis MN 55419
| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 14% | 14% | 21% | 15% | 10% | 18% | 8% |
| Number of returns | 1,816 | 1,846 | 2,824 | 1,952 | 1,346 | 2,331 | 1,123 |
| Number of joint returns | 96 | 184 | 435 | 647 | 804 | 1,811 | 1,002 |
| Number of returns from paid preparer | 825 | 903 | 1,262 | 984 | 684 | 1,257 | 799 |
| Total number of exemptions | 1,522 | 2,677 | 4,398 | 3,402 | 2,997 | 6,195 | 3,548 |
| Total number of dependents | 212 | 452 | 604 | 477 | 498 | 1,142 | 715 |
| Adjusted gross income | $2,750 | $17,266 | $36,768 | $61,358 | $86,752 | $137,763 | $441,479 |
| Salaries and wages | $4,778 | $12,877 | $30,570 | $49,366 | $67,583 | $114,209 | $292,503 |
| Taxable interest | $406 | $430 | $533 | $871 | $1,377 | $1,319 | $5,744 |
| Ordinary dividends | $348 | $468 | $596 | $1,172 | $1,588 | $2,694 | $10,924 |
| Business or professional net income | $-223 | $1,286 | $1,502 | $2,327 | $3,730 | $5,327 | $16,028 |
| Net capital gain | $323 | $41 | $-25 | $125 | $699 | $1,306 | $23,261 |
| Taxable individual retirement account distributions | $184 | $549 | $860 | $1,181 | $2,040 | $2,544 | $2,619 |
| Taxable pensions and annuities | $447 | $1,561 | $2,186 | $4,012 | $6,041 | $5,287 | $3,505 |
| Unemployment compensation | $65 | $338 | $374 | $273 | $243 | $278 | $83 |
| Taxable Social Security benefits | $0 | $105 | $723 | $1,956 | $2,498 | $1,727 | $1,309 |
| Self-employment retirement plans | $0 | $24 | $55 | $98 | $164 | $569 | $4,047 |
| Total itemized deductions | $2,256 | $2,674 | $5,523 | $13,066 | $19,596 | $28,774 | $74,696 |
| State and local income taxes | $170 | $190 | $629 | $2,205 | $4,134 | $7,850 | $32,023 |
| State and local general sales tax | $8 | $27 | $23 | $20 | $10 | $15 | $0 |
| Real estate taxes | $439 | $449 | $977 | $2,381 | $3,483 | $4,759 | $8,339 |
| Taxes paid | $637 | $678 | $1,675 | $4,700 | $7,788 | $12,816 | $40,737 |
| Mortgage interest paid | $811 | $908 | $2,275 | $5,458 | $8,538 | $11,599 | $17,141 |
| Contributions | $31 | $204 | $454 | $1,155 | $1,786 | $2,815 | $11,203 |
| Taxable income | $325 | $5,624 | $21,774 | $40,005 | $58,281 | $99,486 | $362,775 |
| Total tax credits | $2 | $110 | $265 | $406 | $642 | $455 | $465 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $30 | $134 | $276 | $440 | $273 | $0 |
| Child and dependent care credit | $0 | $7 | $21 | $25 | $38 | $58 | $70 |
| Earned income credit | $228 | $617 | $105 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $199 | $552 | $86 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $151 | $5,343 |
| Income tax | $31 | $504 | $2,588 | $5,651 | $8,483 | $17,906 | $99,293 |
| Total tax liability | $169 | $738 | $2,877 | $6,097 | $9,183 | $18,881 | $102,766 |
| Tax due at time of filing | $53 | $131 | $254 | $399 | $580 | $1,155 | $8,329 |
| Overpayments refunded | $-755 | $-1,553 | $-1,614 | $-2,225 | $-2,862 | $-3,395 | $-5,048 |
| Total Tax Liability / AGI | 6% | 4% | 8% | 10% | 11% | 14% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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