IRS Income Data for Chicago, IL 60653
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 21% | 31% | 25% | 11% | 6% | 5% | 1% |
| Number of returns | 2,436 | 3,620 | 2,946 | 1,277 | 646 | 635 | 127 |
| Number of joint returns | 54 | 99 | 160 | 142 | 157 | 328 | 84 |
| Number of returns from paid preparer | 1,065 | 2,179 | 1,567 | 739 | 366 | 369 | 83 |
| Total number of exemptions | 3,445 | 7,772 | 5,876 | 2,287 | 1,198 | 1,410 | 313 |
| Total number of dependents | 917 | 2,398 | 1,615 | 532 | 251 | 280 | 61 |
| Adjusted gross income | $4,801 | $16,462 | $35,317 | $61,204 | $85,758 | $132,237 | $297,361 |
| Salaries and wages | $4,370 | $13,060 | $32,703 | $57,398 | $79,840 | $120,456 | $250,799 |
| Taxable interest | $58 | $45 | $116 | $191 | $350 | $496 | $938 |
| Ordinary dividends | $12 | $16 | $30 | $37 | $115 | $302 | $751 |
| Business or professional net income | $805 | $1,677 | $-32 | $135 | $481 | $1,278 | $12,775 |
| Net capital gain | $10 | $11 | $-19 | $83 | $-26 | $802 | $5,212 |
| Taxable individual retirement account distributions | $33 | $82 | $269 | $517 | $853 | $1,601 | $0 |
| Taxable pensions and annuities | $401 | $1,315 | $2,372 | $3,813 | $4,542 | $6,009 | $11,446 |
| Unemployment compensation | $241 | $644 | $501 | $309 | $426 | $549 | $0 |
| Taxable Social Security benefits | $0 | $36 | $292 | $521 | $728 | $539 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $220 | $0 |
| Total itemized deductions | $530 | $795 | $3,882 | $13,268 | $21,712 | $29,860 | $47,945 |
| State and local income taxes | $22 | $21 | $236 | $1,027 | $1,963 | $3,488 | $7,879 |
| State and local general sales tax | $5 | $20 | $69 | $150 | $219 | $335 | $0 |
| Real estate taxes | $70 | $91 | $341 | $1,376 | $2,390 | $3,378 | $4,593 |
| Taxes paid | $101 | $146 | $682 | $2,624 | $4,650 | $7,186 | $13,160 |
| Mortgage interest paid | $298 | $341 | $1,544 | $6,533 | $11,852 | $16,236 | $23,796 |
| Contributions | $13 | $98 | $570 | $1,930 | $2,496 | $4,209 | $8,575 |
| Taxable income | $98 | $3,303 | $18,964 | $39,119 | $56,216 | $94,051 | $241,853 |
| Total tax credits | $0 | $110 | $696 | $529 | $463 | $360 | $187 |
| Residential energy tax credit | $0 | $0 | $4 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $48 | $331 | $377 | $285 | $190 | $0 |
| Child and dependent care credit | $0 | $21 | $133 | $75 | $43 | $95 | $135 |
| Earned income credit | $933 | $2,281 | $407 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $780 | $1,996 | $360 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $32 | $77 | $1,340 |
| Income tax | $10 | $244 | $1,704 | $5,442 | $9,104 | $17,809 | $61,696 |
| Total tax liability | $198 | $551 | $1,809 | $5,593 | $9,340 | $18,387 | $63,629 |
| Tax due at time of filing | $17 | $28 | $115 | $288 | $364 | $1,048 | $5,422 |
| Overpayments refunded | $-1,336 | $-3,415 | $-2,974 | $-3,799 | $-4,679 | $-4,749 | $-6,117 |
| Total Tax Liability / AGI | 4% | 3% | 5% | 9% | 11% | 14% | 21% |
All numbers in the table are 2010 averages for that income class and zip code.
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