IRS Income Data for Chicago, IL 60651
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 40% | 28% | 8% | 2% | 1% | 0% |
| Number of returns | 5,780 | 11,062 | 7,746 | 2,243 | 604 | 280 | 19 |
| Number of joint returns | 277 | 777 | 1,153 | 686 | 329 | 204 | 0 |
| Number of returns from paid preparer | 3,316 | 7,451 | 4,875 | 1,452 | 382 | 184 | 15 |
| Total number of exemptions | 8,871 | 24,585 | 18,482 | 5,530 | 1,559 | 736 | 48 |
| Total number of dependents | 2,523 | 7,281 | 5,016 | 1,373 | 329 | 150 | 0 |
| Adjusted gross income | $5,280 | $16,719 | $34,981 | $59,593 | $85,284 | $123,670 | $380,621 |
| Salaries and wages | $4,290 | $14,224 | $32,882 | $54,249 | $73,339 | $98,583 | $203,688 |
| Taxable interest | $81 | $122 | $111 | $241 | $423 | $1,156 | $2,324 |
| Ordinary dividends | $6 | $13 | $24 | $49 | $119 | $259 | $1,228 |
| Business or professional net income | $1,237 | $1,608 | $86 | $233 | $248 | $1,441 | $0 |
| Net capital gain | $-13 | $-1 | $3 | $-10 | $130 | $630 | $0 |
| Taxable individual retirement account distributions | $51 | $77 | $210 | $606 | $1,539 | $3,578 | $0 |
| Taxable pensions and annuities | $300 | $839 | $2,012 | $4,246 | $8,042 | $16,727 | $0 |
| Unemployment compensation | $215 | $547 | $483 | $430 | $515 | $477 | $0 |
| Taxable Social Security benefits | $0 | $23 | $277 | $1,039 | $2,208 | $1,951 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $595 | $1,007 | $4,060 | $9,818 | $14,618 | $19,460 | $58,393 |
| State and local income taxes | $10 | $33 | $240 | $812 | $1,473 | $2,486 | $11,968 |
| State and local general sales tax | $7 | $14 | $54 | $113 | $175 | $113 | $0 |
| Real estate taxes | $80 | $115 | $404 | $907 | $1,265 | $1,840 | $4,445 |
| Taxes paid | $100 | $175 | $748 | $1,940 | $3,007 | $4,533 | $18,701 |
| Mortgage interest paid | $375 | $564 | $1,923 | $4,203 | $6,042 | $7,424 | $11,875 |
| Contributions | $26 | $94 | $576 | $1,815 | $3,178 | $4,221 | $3,236 |
| Taxable income | $111 | $3,324 | $16,921 | $37,058 | $58,712 | $92,673 | $313,968 |
| Total tax credits | $0 | $104 | $682 | $817 | $802 | $374 | $0 |
| Residential energy tax credit | $0 | $0 | $2 | $4 | $0 | $0 | $0 |
| Child tax credit | $0 | $47 | $397 | $613 | $537 | $267 | $0 |
| Child and dependent care credit | $0 | $18 | $125 | $98 | $89 | $51 | $0 |
| Earned income credit | $1,016 | $1,988 | $416 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $846 | $1,749 | $367 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $6 | $101 | $0 |
| Income tax | $11 | $252 | $1,405 | $4,518 | $8,439 | $16,556 | $87,727 |
| Total tax liability | $214 | $510 | $1,473 | $4,653 | $8,667 | $17,069 | $89,827 |
| Tax due at time of filing | $19 | $26 | $69 | $199 | $447 | $2,003 | $0 |
| Overpayments refunded | $-1,356 | $-3,311 | $-3,146 | $-3,577 | $-3,550 | $-4,214 | $0 |
| Total Tax Liability / AGI | 4% | 3% | 4% | 8% | 10% | 14% | 24% |
All numbers in the table are 2010 averages for that income class and zip code.
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