IRS Income Data for Billings, MT 59106
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 13% | 14% | 13% | 12% | 18% | 11% |
| Number of returns | 1,062 | 757 | 795 | 728 | 657 | 991 | 624 |
| Number of joint returns | 89 | 140 | 318 | 523 | 586 | 906 | 580 |
| Number of returns from paid preparer | 552 | 451 | 570 | 498 | 460 | 708 | 527 |
| Total number of exemptions | 595 | 1,003 | 1,523 | 1,847 | 1,947 | 2,954 | 2,036 |
| Total number of dependents | 65 | 130 | 224 | 308 | 346 | 530 | 379 |
| Adjusted gross income | $2,659 | $16,810 | $36,923 | $61,944 | $86,961 | $135,162 | $572,769 |
| Salaries and wages | $4,423 | $12,190 | $26,314 | $46,535 | $66,246 | $98,832 | $248,513 |
| Taxable interest | $528 | $855 | $1,578 | $2,020 | $1,294 | $2,623 | $11,862 |
| Ordinary dividends | $249 | $731 | $878 | $1,455 | $1,538 | $3,045 | $21,872 |
| Business or professional net income | $-263 | $1,179 | $2,088 | $1,082 | $2,639 | $5,773 | $14,530 |
| Net capital gain | $306 | $102 | $658 | $247 | $1,187 | $3,630 | $124,721 |
| Taxable individual retirement account distributions | $91 | $475 | $905 | $1,632 | $2,073 | $2,580 | $3,316 |
| Taxable pensions and annuities | $359 | $1,268 | $3,473 | $4,720 | $6,589 | $5,307 | $5,297 |
| Unemployment compensation | $0 | $134 | $240 | $144 | $160 | $105 | $0 |
| Taxable Social Security benefits | $0 | $109 | $1,304 | $2,641 | $2,818 | $2,245 | $1,729 |
| Self-employment retirement plans | $0 | $0 | $0 | $179 | $0 | $684 | $2,359 |
| Total itemized deductions | $1,863 | $3,143 | $7,898 | $13,986 | $17,938 | $26,272 | $74,947 |
| State and local income taxes | $91 | $205 | $783 | $2,067 | $3,317 | $6,743 | $31,000 |
| State and local general sales tax | $0 | $0 | $0 | $0 | $33 | $0 | $0 |
| Real estate taxes | $227 | $352 | $929 | $1,627 | $2,133 | $3,081 | $5,800 |
| Taxes paid | $431 | $598 | $1,822 | $3,926 | $5,770 | $10,247 | $37,498 |
| Mortgage interest paid | $605 | $960 | $3,238 | $5,963 | $7,909 | $10,161 | $15,528 |
| Contributions | $42 | $265 | $676 | $1,599 | $2,159 | $3,876 | $20,122 |
| Taxable income | $446 | $5,598 | $18,541 | $35,940 | $56,491 | $97,723 | $488,577 |
| Total tax credits | $1 | $74 | $296 | $724 | $1,086 | $547 | $1,791 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $18 | $184 | $549 | $760 | $370 | $0 |
| Child and dependent care credit | $0 | $0 | $18 | $39 | $59 | $54 | $29 |
| Earned income credit | $123 | $465 | $123 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $109 | $396 | $93 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $87 | $4,819 |
| Income tax | $42 | $536 | $1,944 | $4,099 | $6,799 | $16,537 | $123,007 |
| Total tax liability | $119 | $786 | $2,396 | $4,536 | $7,421 | $17,547 | $125,510 |
| Tax due at time of filing | $38 | $164 | $304 | $461 | $708 | $1,568 | $14,583 |
| Overpayments refunded | $-526 | $-1,374 | $-1,967 | $-2,596 | $-2,829 | $-3,233 | $-7,549 |
| Total Tax Liability / AGI | 4% | 5% | 6% | 7% | 9% | 13% | 22% |
All numbers in the table are 2010 averages for that income class and zip code.
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