IRS Income Data for Ada, MN 56510
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 22% | 25% | 15% | 9% | 7% | 1% |
| Number of returns | 213 | 246 | 280 | 170 | 99 | 81 | 15 |
| Number of joint returns | 16 | 55 | 130 | 137 | 90 | 71 | 12 |
| Number of returns from paid preparer | 139 | 190 | 210 | 145 | 82 | 73 | 15 |
| Total number of exemptions | 210 | 381 | 579 | 475 | 283 | 243 | 38 |
| Total number of dependents | 34 | 66 | 90 | 77 | 46 | 46 | 0 |
| Adjusted gross income | $3,670 | $17,618 | $36,794 | $62,116 | $86,410 | $134,216 | $361,286 |
| Salaries and wages | $4,275 | $10,889 | $26,444 | $40,183 | $52,317 | $65,434 | $34,913 |
| Taxable interest | $302 | $877 | $935 | $1,196 | $2,445 | $5,638 | $14,408 |
| Ordinary dividends | $49 | $252 | $327 | $312 | $1,621 | $7,328 | $0 |
| Business or professional net income | $35 | $814 | $1,202 | $2,032 | $3,067 | $2,875 | $0 |
| Net capital gain | $-18 | $111 | $142 | $1,464 | $3,612 | $4,323 | $31,349 |
| Taxable individual retirement account distributions | $128 | $494 | $514 | $1,191 | $2,560 | $0 | $0 |
| Taxable pensions and annuities | $256 | $1,890 | $2,458 | $5,240 | $5,506 | $9,068 | $0 |
| Unemployment compensation | $265 | $0 | $274 | $256 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $111 | $1,116 | $3,454 | $4,897 | $4,405 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $731 | $1,632 | $3,612 | $4,867 | $8,013 | $19,561 | $26,035 |
| State and local income taxes | $0 | $115 | $490 | $755 | $1,966 | $6,621 | $18,228 |
| State and local general sales tax | $0 | $45 | $0 | $0 | $0 | $0 | $0 |
| Real estate taxes | $0 | $166 | $220 | $269 | $608 | $1,675 | $0 |
| Taxes paid | $113 | $252 | $758 | $1,110 | $2,705 | $8,308 | $20,352 |
| Mortgage interest paid | $0 | $287 | $663 | $531 | $1,544 | $4,789 | $0 |
| Contributions | $0 | $187 | $310 | $646 | $1,390 | $3,206 | $2,594 |
| Taxable income | $256 | $5,593 | $19,450 | $39,580 | $61,310 | $102,256 | $326,230 |
| Total tax credits | $0 | $109 | $370 | $876 | $793 | $616 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $33 | $268 | $666 | $579 | $462 | $0 |
| Child and dependent care credit | $0 | $0 | $19 | $54 | $38 | $0 | $0 |
| Earned income credit | $369 | $758 | $133 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $336 | $658 | $99 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $25 | $501 | $2,023 | $4,360 | $7,504 | $16,884 | $79,238 |
| Total tax liability | $133 | $765 | $2,608 | $5,411 | $9,010 | $19,290 | $95,186 |
| Tax due at time of filing | $46 | $173 | $499 | $1,322 | $2,377 | $4,828 | $63,191 |
| Overpayments refunded | $-648 | $-1,417 | $-1,438 | $-1,350 | $-1,120 | $-1,652 | $0 |
| Total Tax Liability / AGI | 4% | 4% | 7% | 9% | 10% | 14% | 26% |
All numbers in the table are 2010 averages for that income class and zip code.
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