IRS Income Data for Minneapolis, MN 55446
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More about Minneapolis MN 55446
| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 11% | 16% | 13% | 10% | 22% | 11% |
| Number of returns | 1,523 | 987 | 1,465 | 1,219 | 929 | 1,998 | 1,011 |
| Number of joint returns | 103 | 128 | 281 | 415 | 612 | 1,732 | 933 |
| Number of returns from paid preparer | 672 | 482 | 692 | 638 | 498 | 1,020 | 665 |
| Total number of exemptions | 837 | 1,262 | 2,248 | 2,153 | 2,233 | 6,023 | 3,493 |
| Total number of dependents | 88 | 166 | 304 | 307 | 394 | 1,214 | 733 |
| Adjusted gross income | $2,692 | $16,677 | $37,399 | $61,526 | $87,456 | $140,674 | $423,892 |
| Salaries and wages | $4,863 | $11,727 | $30,421 | $49,975 | $69,044 | $118,909 | $322,093 |
| Taxable interest | $399 | $943 | $767 | $1,056 | $1,321 | $2,018 | $5,955 |
| Ordinary dividends | $423 | $546 | $783 | $1,103 | $1,457 | $2,368 | $9,744 |
| Business or professional net income | $-537 | $981 | $944 | $1,001 | $1,874 | $3,239 | $7,597 |
| Net capital gain | $192 | $2 | $53 | $68 | $279 | $895 | $30,496 |
| Taxable individual retirement account distributions | $416 | $976 | $1,271 | $1,823 | $3,020 | $3,247 | $2,082 |
| Taxable pensions and annuities | $254 | $1,801 | $2,435 | $3,711 | $5,831 | $4,613 | $4,000 |
| Unemployment compensation | $28 | $399 | $394 | $321 | $427 | $268 | $135 |
| Taxable Social Security benefits | $0 | $106 | $1,117 | $2,284 | $3,170 | $2,093 | $825 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $149 | $278 | $1,792 |
| Total itemized deductions | $2,777 | $4,354 | $7,493 | $13,385 | $19,315 | $29,733 | $61,518 |
| State and local income taxes | $180 | $301 | $798 | $2,255 | $3,674 | $7,820 | $28,882 |
| State and local general sales tax | $15 | $37 | $48 | $37 | $35 | $13 | $46 |
| Real estate taxes | $329 | $481 | $947 | $1,712 | $2,737 | $4,100 | $6,811 |
| Taxes paid | $532 | $841 | $1,856 | $4,145 | $6,615 | $12,181 | $36,143 |
| Mortgage interest paid | $1,292 | $1,425 | $2,971 | $6,022 | $8,405 | $12,614 | $16,878 |
| Contributions | $42 | $287 | $605 | $1,193 | $1,924 | $3,107 | $8,126 |
| Taxable income | $400 | $5,429 | $21,370 | $39,608 | $57,960 | $100,027 | $352,170 |
| Total tax credits | $3 | $112 | $293 | $405 | $792 | $477 | $522 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $14 | $131 | $269 | $495 | $298 | $0 |
| Child and dependent care credit | $0 | $6 | $24 | $25 | $37 | $66 | $55 |
| Earned income credit | $90 | $443 | $97 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $73 | $384 | $74 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $17 | $137 | $4,846 |
| Income tax | $36 | $482 | $2,491 | $5,585 | $8,101 | $17,694 | $95,824 |
| Total tax liability | $111 | $706 | $2,730 | $5,905 | $8,523 | $18,326 | $97,837 |
| Tax due at time of filing | $40 | $145 | $178 | $362 | $494 | $979 | $9,245 |
| Overpayments refunded | $-487 | $-1,361 | $-1,852 | $-2,558 | $-2,845 | $-3,330 | $-4,052 |
| Total Tax Liability / AGI | 4% | 4% | 7% | 10% | 10% | 13% | 23% |
All numbers in the table are 2010 averages for that income class and zip code.
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