Tax Year 1997, United States Selected Income and Tax Items for Individual Income Tax Returns: Forms 1040, 1040A & 1040EZ
Filing/Processing Period: January 1, 1998 to December 31, 1998
(Amounts are in thousands of dollars)
Size of Adjusted Gr
Georgia Breakeven $0.01 $10,000 $20,000 $30,000
Total and Under Under Under Under
Returns Loss $10,000 $20,000 $30,000 $50,000
Returns Count 3,377,576 21,354 764,786 715,637 514,463 596,023
Dependent Exemptions Count 2,437,035 8,798 333,443 519,216 368,735 456,780
Joint Returns Count 1,301,808 8,965 57,323 137,619 151,456 306,565
Single Returns Count 1,357,751 10,044 522,541 317,956 218,902 195,309
Head of Household Count 639,913 1,063 171,437 239,515 124,504 78,238
Number of Farm Returns 51,308 3,124 4,742 6,760 6,007 10,345
Paid Preparer Returns Count 1,796,559 16,524 352,671 392,237 260,271 320,341
Salaries and Wages:
Number of Returns 2,994,007 6,706 643,962 622,753 467,001 549,331
Amount 99,772,225 139,480 3,191,020 8,824,630 10,857,403 19,721,367
Taxable Interest Income:
Number of Returns 1,497,942 10,944 166,542 184,946 181,217 323,959
Amount 3,524,879 59,356 140,442 309,999 275,261 470,511
Tax-exempt Interest:
Number of Returns 83,775 564 3,607 4,862 5,199 11,438
Amount 796,673 8,102 9,958 17,252 23,689 61,142
Dividends Received:
Number of Returns 667,149 5,045 69,994 55,785 56,179 119,737
Amount 2,603,013 26,382 64,394 94,123 94,941 207,973
State and Local Refunds:
Number of Returns 699,808 2,212 8,945 28,341 57,528 170,565
Amount 497,721 4,476 3,417 10,623 25,665 87,050
Business or Profession Net Income (less loss):
Number of Returns 468,348 10,699 79,091 76,074 59,617 91,784
Amount 4,629,666 -149,981 274,476 476,299 375,245 640,888
Net Capital Gain (less loss):
Number of Returns 523,145 6,072 54,816 41,571 42,201 88,272
Amount 7,612,042 113,474 70,441 90,572 104,325 259,844
Taxable IRA Distributions:
Number of Returns 123,805 691 8,179 20,778 18,228 26,933
Amount 1,163,469 9,539 23,982 86,798 93,288 175,806
Taxable Pensions / Annuities:
Number of Returns 469,436 1,930 38,636 89,281 71,770 103,558
Amount 6,219,291 17,439 159,231 722,566 789,509 1,353,663
Farm Net Income / Loss:
Number of Returns 50,625 3,073 4,677 6,689 5,938 10,230
Amount -331,389 -113,199 -17,911 -24,249 -22,407 -34,403
Unemployment Compensation:
Number of Returns 145,356 308 20,381 41,804 28,039 30,891
Amount 236,585 804 32,202 67,676 42,657 48,832
Taxable Social Security Income:
Number of Returns 168,421 107 1,111 2,757 27,312 57,746
Amount 1,238,578 684 4,880 8,338 47,271 284,079
IRA Payments:
Number of Returns 90,938 432 6,089 11,633 16,532 26,420
Amount 200,904 924 10,027 21,088 31,127 50,865
S.E. Health Insurance Deduction:
Number of Returns 73,760 995 5,762 9,597 9,040 13,813
Amount 88,225 1,154 4,488 8,868 9,010 14,671
Self-Employed Retirement Plan Payments:
Number of Returns 27,050 47 236 727 1,108 2,940
Amount 239,132 206 306 1,469 2,975 10,312
Total Adjustments:
Number of Returns 499,995 4,474 77,319 78,920 65,280 100,303
Amount 1,202,609 64,899 46,134 88,028 96,699 170,613
AGI Amount 131,454,182 -1,120,418 3,889,817 10,637,609 12,663,028 23,236,340
Total Itemized Deductions:
Number of Returns 1,076,807 5,049 15,715 56,086 103,624 264,192
Amount 17,968,607 117,333 217,270 624,124 1,101,032 2,968,967
Total Standard Deduction:
Number of Returns 2,300,769 16,305 749,071 659,551 410,839 331,831
Amount 11,986,272 82,998 3,232,646 3,567,154 2,255,090 1,965,592
Taxable Income:
Number of Returns 2,677,596 3 243,764 570,048 505,517 593,641
Amount 88,335,937 24 407,516 3,398,039 6,707,279 14,758,766
Income Tax Before Credits:
Number of Returns 2,675,822 73 242,001 569,932 505,532 593,651
Amount 18,792,792 75 62,857 510,017 1,005,542 2,341,783
Child Care Credit:
Number of Returns 191,871 ** ** 29,097 35,855 46,554
Amount 82,319 ** ** 10,708 16,701 19,298
Foreign Tax Credit:
Number of Returns 38,878 ** ** 1,544 1,678 3,802
Amount 25,656 ** ** 90 152 517
General Business Credit:
Number of Returns 6,186 ** ** 169 245 682
Amount 16,486 ** ** 88 232 872
Total Credits:
Number of Returns 242,663 14 3,914 34,057 38,275 51,525
Amount 146,979 2 250 11,655 17,374 21,608
Self-Employment Tax:
Number of Returns 363,001 3,417 68,878 62,310 43,954 65,391
Amount 742,688 4,771 48,969 85,897 73,068 123,183
Income Tax:
Number of Returns 2,659,892 166 241,053 557,603 503,226 593,232
Amount 18,747,132 1,550 62,802 498,525 988,337 2,321,247
Total Tax Liability:
Number of Returns 2,761,146 4,129 304,010 587,589 506,413 594,135
Amount 19,589,885 7,278 114,144 591,381 1,068,155 2,460,452
Withholding Tax:
Number of Returns 3,033,904 6,284 609,212 638,670 485,193 569,574
Amount 15,398,795 16,379 221,428 802,126 1,208,715 2,579,595
Estimated Tax Payment:
Number of Returns 257,442 1,673 14,862 31,607 29,888 48,692
Amount 3,509,889 10,730 15,339 47,257 68,366 174,526
Earned Income Credit:
Number of Returns 711,201 1,969 306,690 278,953 123,589 0
Amount 1,153,161 2,083 421,247 627,397 102,434 0
Excess Earned Income Credit:
Number of Returns 576,532 1,353 272,454 261,025 41,700 0
Amount 943,840 1,337 394,287 517,210 31,006 0
Total Tax Payments:
Number of Returns 3,219,597 8,866 677,947 680,800 504,101 588,246
Amount 20,884,226 30,830 660,613 1,480,733 1,384,685 2,767,280
Overpayment (Negative Amount):
Number of Returns 2,445,359 7,326 625,608 592,252 395,669 411,643
Amount -3,565,117 -21,195 -587,978 -982,787 -429,637 -529,245
Tax Due at Time of Filing:
Number of Returns 809,659 2,309 98,624 107,140 110,262 172,481
Amount 2,618,889 3,443 41,024 79,628 109,239 232,505
Medical and Dental Expense:
Number of Returns 172,592 3,168 9,247 28,249 36,177 53,542
Amount 801,141 17,450 45,624 138,794 196,191 185,191
State and Local Income Tax:
Number of Returns 1,032,102 2,797 8,395 41,910 95,011 257,933
Amount 4,131,715 9,735 4,718 93,978 92,029 431,589
Real Estate Tax:
Number of Returns 969,906 4,164 11,914 43,063 84,339 233,290
Amount 1,529,151 11,303 13,765 43,860 100,502 240,952
Taxes Paid Deduction:
Number of Returns 1,079,346 4,830 15,142 55,009 104,092 266,483
Amount 5,920,091 22,808 20,926 147,777 194,743 734,626
Interest Paid Deduction:
Number of Returns 953,573 4,324 11,416 41,108 85,128 235,656
Amount 7,467,652 67,604 66,573 221,402 453,871 1,353,978
Contributions Deduction:
Number of Returns 961,612 0 10,991 44,619 87,019 230,870
Amount 3,205,427 0 12,493 73,306 155,908 451,041
* Less than $500.
** Omitted to avoid disclosure of specific taxpayer information.
NOTE: Details may not add to totals because of rounding.
SOURCE: Internal Revenue Service, Information Services, Martinsburg Computing Center, Development Center Branch.
Size of Adjusted Gross Income
$50,000 $75,000 $100,000 $150,000 $200,000 $500,000 $1,000,000
Under Under Under Under Under Under and
$75,000 $100,000 $150,000 $200,000 $500,000 $1,000,000 Over
398,188 173,320 111,042 34,873 37,619 7,018 3,253
371,429 175,628 113,840 37,659 40,819 7,660 3,028
315,472 152,439 98,800 30,961 33,240 6,173 2,795
59,854 16,087 9,598 3,074 3,384 671 331
18,350 3,589 1,886 561 635 93 42
9,246 4,318 3,033 1,227 1,810 452 244
225,633 96,985 66,828 24,662 30,973 6,381 3,053
369,709 160,943 101,632 31,094 32,269 5,833 2,774
20,195,754 12,042,398 9,999,912 4,048,634 6,259,876 2,137,798 2,353,954
296,913 150,557 102,768 33,338 36,581 6,945 3,232
488,457 318,948 325,062 171,774 360,214 175,761 429,094
14,374 10,468 11,791 6,055 10,450 3,117 1,850
81,782 67,200 91,196 56,031 158,278 77,925 144,118
135,277 86,403 71,644 26,351 31,256 6,388 3,090
282,025 235,735 308,875 182,821 441,658 215,051 449,036
202,596 110,434 70,818 21,030 21,456 3,993 1,890
117,034 76,406 62,877 25,041 42,082 16,527 26,522
71,839 32,870 24,416 8,896 10,293 1,856 913
626,646 437,621 583,476 361,006 670,889 174,771 158,329
100,171 66,185 60,297 24,096 29,953 6,399 3,112
417,383 415,042 643,274 458,485 1,282,907 886,541 2,869,753
23,634 11,674 7,865 2,564 2,582 466 211
217,972 154,895 153,206 77,557 113,307 35,017 22,102
85,387 39,028 24,229 6,992 6,769 1,209 647
1,364,065 768,840 582,295 187,037 198,946 42,561 33,138
9,124 4,261 2,983 1,200 1,771 438 241
-34,074 -17,125 -11,898 -8,516 -19,900 -11,249 -16,457
17,046 4,430 1,844 364 228 18 3
29,043 9,058 4,366 1,200 678 52 17
41,348 17,237 11,295 3,837 4,412 830 429
410,826 202,661 143,088 51,601 63,084 12,589 9,477
12,478 6,294 5,316 2,256 2,698 552 238
31,944 18,454 17,024 7,519 9,233 1,898 801
10,709 6,053 6,642 3,416 5,669 1,409 655
12,390 7,818 9,794 5,633 10,359 2,729 1,312
4,567 3,795 4,980 2,848 4,498 962 342
19,262 21,531 41,648 35,398 78,520 20,423 7,082
73,174 35,837 30,024 12,489 16,666 3,682 1,827
160,069 109,095 138,359 85,808 171,674 47,200 24,032
24,262,639 14,849,490 13,243,411 5,972,899 10,886,561 4,728,659 8,204,146
290,616 155,362 105,699 33,849 36,675 6,799 3,141
3,930,904 2,646,473 2,427,427 969,531 1,511,453 531,196 922,899
107,572 17,958 5,343 1,024 944 219 112
706,060 123,822 37,360 7,042 6,343 1,426 738
397,742 173,208 110,983 34,838 37,592 7,013 3,247
16,778,662 10,761,924 10,028,174 4,736,461 9,274,285 4,197,268 7,287,538
397,752 173,208 110,983 34,837 37,592 7,013 3,248
2,852,873 2,118,964 2,229,455 1,168,591 2,658,065 1,366,627 2,477,944
46,085 19,948 9,805 2,320 1,783 240 57
20,193 8,919 4,366 1,046 891 145 35
5,479 4,589 6,103 3,420 6,309 2,105 1,295
933 1,075 2,057 1,678 5,615 3,149 10,331
903 790 1,050 651 1,068 329 264
1,343 1,332 1,939 1,498 2,975 1,874 4,327
52,832 25,388 16,928 6,364 9,167 2,616 1,583
23,863 12,351 9,291 5,140 13,639 8,702 23,104
50,081 23,781 20,233 8,707 12,173 2,728 1,348
114,692 68,614 75,510 40,437 73,742 21,951 11,856
397,715 173,205 110,982 34,847 37,602 7,014 3,247
2,831,066 2,110,142 2,228,095 1,172,645 2,680,575 1,374,311 2,477,837
397,880 173,251 111,005 34,859 37,611 7,015 3,249
2,965,927 2,193,003 2,316,949 1,218,923 2,761,781 1,398,630 2,493,260
382,288 165,662 104,095 31,676 32,581 5,891 2,778
2,884,295 1,930,847 1,851,100 860,895 1,594,657 667,690 781,069
44,709 26,502 25,005 11,249 16,817 4,101 2,337
248,551 223,342 331,897 242,784 758,238 463,835 925,023
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
395,140 172,211 110,211 34,562 37,289 6,981 3,243
3,154,372 2,181,922 2,234,845 1,145,620 2,490,207 1,233,500 2,119,620
250,696 87,530 49,792 13,423 9,766 1,224 430
-440,862 -199,887 -164,120 -67,316 -84,461 -25,381 -32,248
137,310 79,713 55,016 18,199 22,399 4,318 1,888
276,125 228,457 277,093 167,419 433,706 238,664 531,585
29,124 8,469 3,446 653 487 25 5
116,498 46,890 28,397 10,197 12,908 2,522 480
287,579 153,938 104,695 33,573 36,385 6,757 3,129
779,214 606,986 646,965 278,276 540,711 241,450 406,063
269,635 146,463 100,176 32,177 35,144 6,545 2,996
333,717 237,913 223,983 97,783 147,764 42,920 34,689
292,006 155,562 105,733 33,854 36,686 6,804 3,145
1,197,888 900,304 857,452 392,657 712,420 291,584 446,906
268,614 142,432 94,980 29,865 31,682 5,754 2,614
1,761,028 1,125,407 1,053,766 394,571 571,710 166,882 230,859
264,323 145,982 100,573 32,342 35,240 6,588 3,065
610,303 428,440 380,012 170,161 327,384 161,956 434,425