IRS Income Data for Chicago, IL 60629
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 17% | 34% | 31% | 11% | 4% | 2% | 0% |
| Number of returns | 7,732 | 14,902 | 13,955 | 5,087 | 1,783 | 915 | 60 |
| Number of joint returns | 722 | 2,426 | 4,415 | 2,703 | 1,269 | 742 | 39 |
| Number of returns from paid preparer | 4,580 | 10,104 | 9,519 | 3,511 | 1,190 | 603 | 45 |
| Total number of exemptions | 11,326 | 36,627 | 39,902 | 15,796 | 5,720 | 2,896 | 142 |
| Total number of dependents | 2,761 | 9,920 | 9,521 | 3,391 | 1,169 | 570 | 24 |
| Adjusted gross income | $5,101 | $17,269 | $35,236 | $60,311 | $85,288 | $123,344 | $331,447 |
| Salaries and wages | $4,212 | $14,565 | $32,688 | $55,011 | $74,873 | $100,147 | $142,658 |
| Taxable interest | $140 | $195 | $330 | $622 | $1,349 | $2,771 | $13,353 |
| Ordinary dividends | $41 | $51 | $83 | $207 | $467 | $1,672 | $6,987 |
| Business or professional net income | $1,033 | $1,565 | $501 | $331 | $634 | $1,731 | $0 |
| Net capital gain | $-7 | $-1 | $15 | $38 | $247 | $897 | $23,349 |
| Taxable individual retirement account distributions | $54 | $139 | $192 | $558 | $848 | $1,747 | $5,999 |
| Taxable pensions and annuities | $277 | $728 | $1,267 | $2,770 | $5,454 | $12,012 | $30,719 |
| Unemployment compensation | $187 | $538 | $662 | $811 | $628 | $699 | $0 |
| Taxable Social Security benefits | $7 | $22 | $291 | $1,023 | $1,416 | $1,762 | $5,244 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $543 | $1,411 | $5,053 | $10,495 | $13,777 | $17,005 | $44,264 |
| State and local income taxes | $8 | $38 | $277 | $884 | $1,464 | $2,328 | $7,297 |
| State and local general sales tax | $6 | $19 | $58 | $229 | $140 | $233 | $0 |
| Real estate taxes | $76 | $176 | $571 | $1,152 | $1,468 | $1,905 | $2,465 |
| Taxes paid | $100 | $244 | $954 | $2,366 | $3,160 | $4,565 | $9,912 |
| Mortgage interest paid | $361 | $885 | $2,829 | $5,225 | $6,451 | $7,121 | $7,663 |
| Contributions | $14 | $69 | $349 | $902 | $1,321 | $2,071 | $6,001 |
| Taxable income | $170 | $3,145 | $14,866 | $34,900 | $56,711 | $92,132 | $277,844 |
| Total tax credits | $0 | $99 | $598 | $1,093 | $1,258 | $780 | $0 |
| Residential energy tax credit | $0 | $0 | $2 | $5 | $12 | $0 | $0 |
| Child tax credit | $0 | $47 | $390 | $839 | $914 | $596 | $0 |
| Child and dependent care credit | $0 | $13 | $77 | $93 | $95 | $100 | $0 |
| Earned income credit | $738 | $1,607 | $370 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $615 | $1,411 | $327 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $5 | $19 | $74 | $1,220 |
| Income tax | $16 | $237 | $1,208 | $3,783 | $7,286 | $15,583 | $67,978 |
| Total tax liability | $197 | $482 | $1,310 | $3,898 | $7,478 | $16,027 | $68,756 |
| Tax due at time of filing | $42 | $43 | $76 | $160 | $296 | $1,081 | $14,830 |
| Overpayments refunded | $-1,141 | $-2,910 | $-3,155 | $-3,687 | $-3,934 | $-3,346 | $-3,246 |
| Total Tax Liability / AGI | 4% | 3% | 4% | 6% | 9% | 13% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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