IRS Income Data for Montgomery, LA 71454
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 18% | 26% | 26% | 15% | 7% | 8% | 0% |
| Number of returns | 178 | 252 | 259 | 147 | 71 | 75 | 0 |
| Number of joint returns | 42 | 60 | 117 | 103 | 65 | 68 | 0 |
| Number of returns from paid preparer | 109 | 164 | 171 | 108 | 57 | 63 | 0 |
| Total number of exemptions | 267 | 489 | 574 | 387 | 215 | 210 | 0 |
| Total number of dependents | 49 | 109 | 114 | 70 | 41 | 34 | 0 |
| Adjusted gross income | $4,419 | $16,882 | $35,768 | $61,738 | $85,207 | $133,386 | |
| Salaries and wages | $3,932 | $13,140 | $30,160 | $53,863 | $75,833 | $95,779 | |
| Taxable interest | $147 | $304 | $507 | $751 | $398 | $1,179 | |
| Ordinary dividends | $0 | $30 | $27 | $48 | $61 | $259 | |
| Business or professional net income | $355 | $534 | $649 | $-134 | $120 | $-170 | |
| Net capital gain | $0 | $-60 | $5 | $77 | $0 | $283 | |
| Taxable individual retirement account distributions | $0 | $309 | $144 | $716 | $0 | $0 | |
| Taxable pensions and annuities | $499 | $2,317 | $2,892 | $4,548 | $0 | $6,843 | |
| Unemployment compensation | $0 | $317 | $496 | $1,296 | $1,475 | $926 | |
| Taxable Social Security benefits | $0 | $46 | $909 | $2,302 | $0 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $0 | $775 | $2,652 | $9,712 | $13,510 | $16,319 | |
| State and local income taxes | $0 | $0 | $192 | $753 | $1,537 | $2,790 | |
| State and local general sales tax | $0 | $0 | $80 | $241 | $766 | $0 | |
| Real estate taxes | $0 | $0 | $0 | $47 | $43 | $288 | |
| Taxes paid | $0 | $38 | $267 | $1,109 | $1,990 | $3,733 | |
| Mortgage interest paid | $0 | $0 | $272 | $1,153 | $1,826 | $3,229 | |
| Contributions | $0 | $0 | $364 | $684 | $1,319 | $2,484 | |
| Taxable income | $86 | $3,897 | $18,160 | $36,973 | $56,494 | $102,291 | |
| Total tax credits | $0 | $50 | $391 | $737 | $1,063 | $1,181 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $31 | $319 | $631 | $836 | $445 | |
| Child and dependent care credit | $0 | $0 | $0 | $48 | $0 | $0 | |
| Earned income credit | $577 | $1,307 | $283 | $0 | $0 | $0 | |
| Excess earned income credit | $525 | $1,219 | $254 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $459 | |
| Income tax | $8 | $367 | $1,830 | $4,440 | $6,991 | $16,049 | |
| Total tax liability | $107 | $459 | $1,975 | $4,544 | $7,149 | $16,548 | |
| Tax due at time of filing | $0 | $19 | $177 | $254 | $479 | $1,901 | |
| Overpayments refunded | $-830 | $-2,359 | $-2,134 | $-2,512 | $-2,886 | $-3,506 | |
| Total Tax Liability / AGI | 2% | 3% | 6% | 7% | 8% | 12% |
All numbers in the table are 2010 averages for that income class and zip code.
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