IRS Income Data for Albion, IL 62806
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 22% | 26% | 18% | 8% | 6% | 1% |
| Number of returns | 296 | 355 | 409 | 296 | 135 | 97 | 15 |
| Number of joint returns | 39 | 77 | 202 | 239 | 127 | 88 | 12 |
| Number of returns from paid preparer | 256 | 294 | 346 | 259 | 115 | 89 | 14 |
| Total number of exemptions | 286 | 529 | 858 | 783 | 399 | 271 | 28 |
| Total number of dependents | 37 | 76 | 134 | 140 | 72 | 49 | 0 |
| Adjusted gross income | $4,315 | $16,686 | $36,358 | $61,006 | $86,308 | $124,151 | $390,257 |
| Salaries and wages | $3,738 | $11,061 | $28,236 | $43,479 | $60,244 | $81,191 | $0 |
| Taxable interest | $539 | $752 | $940 | $1,535 | $2,985 | $3,717 | $14,358 |
| Ordinary dividends | $228 | $397 | $356 | $728 | $1,689 | $4,988 | $44,253 |
| Business or professional net income | $38 | $456 | $1,254 | $1,835 | $2,178 | $7,017 | $0 |
| Net capital gain | $53 | $74 | $41 | $523 | $1,062 | $6,767 | $0 |
| Taxable individual retirement account distributions | $85 | $194 | $453 | $1,032 | $1,845 | $2,995 | $0 |
| Taxable pensions and annuities | $530 | $2,266 | $2,402 | $5,450 | $5,816 | $8,556 | $0 |
| Unemployment compensation | $0 | $343 | $473 | $534 | $0 | $0 | $0 |
| Taxable Social Security benefits | $0 | $123 | $1,029 | $2,716 | $2,883 | $3,499 | $0 |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total itemized deductions | $618 | $730 | $1,280 | $3,200 | $6,773 | $12,102 | $0 |
| State and local income taxes | $0 | $34 | $90 | $303 | $970 | $2,881 | $0 |
| State and local general sales tax | $0 | $20 | $0 | $54 | $0 | $0 | $0 |
| Real estate taxes | $0 | $73 | $101 | $382 | $819 | $1,648 | $0 |
| Taxes paid | $0 | $93 | $202 | $725 | $1,827 | $4,599 | $0 |
| Mortgage interest paid | $0 | $0 | $250 | $822 | $2,219 | $3,011 | $0 |
| Contributions | $0 | $95 | $228 | $454 | $1,564 | $4,019 | $0 |
| Taxable income | $342 | $4,909 | $19,661 | $39,480 | $62,084 | $97,254 | $359,128 |
| Total tax credits | $0 | $63 | $326 | $800 | $1,054 | $583 | $0 |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Child tax credit | $0 | $28 | $234 | $602 | $729 | $402 | $0 |
| Child and dependent care credit | $0 | $0 | $10 | $33 | $72 | $0 | $0 |
| Earned income credit | $280 | $574 | $211 | $0 | $0 | $0 | $0 |
| Excess earned income credit | $255 | $509 | $173 | $0 | $0 | $0 | $0 |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income tax | $32 | $450 | $2,069 | $4,406 | $7,553 | $15,614 | $48,232 |
| Total tax liability | $106 | $623 | $2,411 | $4,916 | $8,638 | $17,510 | $50,749 |
| Tax due at time of filing | $43 | $100 | $296 | $622 | $1,416 | $6,993 | $0 |
| Overpayments refunded | $-540 | $-1,486 | $-1,767 | $-1,886 | $-1,994 | $-2,390 | $0 |
| Total Tax Liability / AGI | 2% | 4% | 7% | 8% | 10% | 14% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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