IRS Income Data for Velarde, NM 87582
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| Under $10K | $10K - $25K | $25K - $50K | $50K - $75K | $75K - $100K | $100K - $200K | $200K or more | |
|---|---|---|---|---|---|---|---|
| Percent of Returns | 19% | 31% | 28% | 11% | 6% | 6% | 0% |
| Number of returns | 94 | 151 | 138 | 53 | 28 | 28 | 0 |
| Number of joint returns | 0 | 42 | 38 | 31 | 20 | 26 | 0 |
| Number of returns from paid preparer | 38 | 72 | 59 | 30 | 13 | 19 | 0 |
| Total number of exemptions | 116 | 290 | 255 | 134 | 69 | 94 | 0 |
| Total number of dependents | 17 | 66 | 50 | 29 | 11 | 21 | 0 |
| Adjusted gross income | $3,992 | $17,203 | $35,996 | $60,815 | $85,893 | $134,503 | |
| Salaries and wages | $3,426 | $12,760 | $31,819 | $50,374 | $63,449 | $111,633 | |
| Taxable interest | $140 | $472 | $272 | $726 | $1,084 | $84 | |
| Ordinary dividends | $0 | $0 | $0 | $79 | $0 | $0 | |
| Business or professional net income | $738 | $-9 | $-73 | $0 | $-1,441 | $0 | |
| Net capital gain | $0 | $0 | $-98 | $0 | $0 | $0 | |
| Taxable individual retirement account distributions | $0 | $0 | $737 | $0 | $0 | $0 | |
| Taxable pensions and annuities | $478 | $4,049 | $3,762 | $6,955 | $12,773 | $14,169 | |
| Unemployment compensation | $0 | $618 | $0 | $0 | $0 | $0 | |
| Taxable Social Security benefits | $0 | $0 | $1,511 | $0 | $5,158 | $0 | |
| Self-employment retirement plans | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total itemized deductions | $2,146 | $0 | $3,050 | $7,727 | $10,742 | $20,725 | |
| State and local income taxes | $0 | $0 | $170 | $1,211 | $0 | $4,755 | |
| State and local general sales tax | $0 | $60 | $0 | $0 | $0 | $0 | |
| Real estate taxes | $0 | $0 | $134 | $246 | $224 | $646 | |
| Taxes paid | $119 | $0 | $354 | $1,046 | $1,280 | $5,570 | |
| Mortgage interest paid | $0 | $0 | $2,083 | $4,831 | $0 | $10,928 | |
| Contributions | $0 | $0 | $158 | $546 | $390 | $1,448 | |
| Taxable income | $198 | $4,038 | $20,481 | $38,541 | $60,257 | $100,789 | |
| Total tax credits | $0 | $79 | $344 | $830 | $1,171 | $0 | |
| Residential energy tax credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Child tax credit | $0 | $65 | $282 | $705 | $1,027 | $0 | |
| Child and dependent care credit | $0 | $0 | $0 | $0 | $0 | $0 | |
| Earned income credit | $525 | $1,170 | $218 | $0 | $0 | $0 | |
| Excess earned income credit | $418 | $1,110 | $197 | $0 | $0 | $0 | |
| Alternative minimum tax | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income tax | $20 | $353 | $2,267 | $4,636 | $8,416 | $17,462 | |
| Total tax liability | $200 | $451 | $2,305 | $4,910 | $8,900 | $17,559 | |
| Tax due at time of filing | $0 | $32 | $184 | $0 | $1,554 | $0 | |
| Overpayments refunded | $-780 | $-2,316 | $-1,670 | $-2,491 | $-1,731 | $-2,405 | |
| Total Tax Liability / AGI | 5% | 3% | 6% | 8% | 10% | 13% |
All numbers in the table are 2010 averages for that income class and zip code.
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