IRS Income Data for Minneapolis, MN 55426
View threads near Minneapolis, MN 55426 or Start a new Minneapolis MN 55426 thread
More about Minneapolis MN 55426
| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 14% | 17% | 29% | 17% | 10% | 11% | 2% |
| Number of returns | 1,873 | 2,324 | 3,865 | 2,291 | 1,356 | 1,412 | 298 |
| Number of joint returns | 122 | 259 | 613 | 833 | 857 | 1,125 | 244 |
| Number of returns from paid preparer | 843 | 1,081 | 1,662 | 1,117 | 710 | 750 | 232 |
| Total number of exemptions | 1,755 | 3,215 | 5,662 | 4,072 | 2,948 | 3,569 | 843 |
| Total number of dependents | 234 | 457 | 705 | 562 | 438 | 589 | 157 |
| Adjusted gross income | $3,878 | $17,467 | $36,935 | $61,625 | $86,309 | $130,069 | $448,448 |
| Salaries and wages | $4,423 | $13,072 | $31,221 | $50,968 | $70,832 | $107,687 | $241,335 |
| Taxable interest | $273 | $543 | $574 | $955 | $1,145 | $1,640 | $29,005 |
| Ordinary dividends | $299 | $385 | $426 | $894 | $1,219 | $2,373 | $22,637 |
| Business or professional net income | $229 | $942 | $875 | $1,336 | $2,307 | $3,908 | $11,070 |
| Net capital gain | $22 | $-0 | $30 | $100 | $360 | $1,525 | $37,904 |
| Taxable individual retirement account distributions | $323 | $850 | $740 | $1,307 | $2,044 | $2,789 | $7,982 |
| Taxable pensions and annuities | $556 | $1,513 | $2,028 | $3,466 | $5,013 | $5,401 | $6,339 |
| Unemployment compensation | $67 | $378 | $381 | $323 | $335 | $218 | $0 |
| Taxable Social Security benefits | $0 | $119 | $791 | $2,138 | $2,717 | $2,257 | $4,622 |
| Self-employment retirement plans | $0 | $0 | $20 | $25 | $111 | $324 | $2,438 |
| Total itemized deductions | $1,913 | $2,112 | $4,503 | $11,011 | $16,527 | $23,966 | $65,065 |
| State and local income taxes | $52 | $121 | $544 | $2,004 | $3,621 | $7,031 | $31,064 |
| State and local general sales tax | $12 | $25 | $19 | $21 | $13 | $0 | $0 |
| Real estate taxes | $163 | $293 | $605 | $1,451 | $2,119 | $3,044 | $6,831 |
| Taxes paid | $230 | $457 | $1,214 | $3,559 | $5,875 | $10,267 | $38,201 |
| Mortgage interest paid | $412 | $696 | $2,014 | $5,121 | $7,134 | $9,451 | $10,960 |
| Contributions | $36 | $167 | $365 | $940 | $1,551 | $2,504 | $15,048 |
| Taxable income | $251 | $6,072 | $22,826 | $41,473 | $60,167 | $96,578 | $363,537 |
| Total tax credits | $1 | $120 | $263 | $415 | $621 | $533 | $6,467 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $21 | $124 | $277 | $383 | $277 | $0 |
| Child and dependent care credit | $0 | $6 | $17 | $18 | $37 | $50 | $27 |
| Earned income credit | $264 | $529 | $80 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $230 | $471 | $66 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $73 | $4,855 |
| Income tax | $25 | $542 | $2,735 | $5,889 | $8,799 | $16,925 | $92,595 |
| Total tax liability | $110 | $702 | $2,910 | $6,147 | $9,216 | $17,559 | $95,207 |
| Tax due at time of filing | $36 | $97 | $201 | $334 | $477 | $997 | $11,680 |
| Overpayments refunded | $-706 | $-1,460 | $-1,492 | $-2,164 | $-2,573 | $-2,724 | $-6,555 |
| Total Tax Liability / AGI | 3% | 4% | 8% | 10% | 11% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
Please discuss this service and make suggestions for improvement.