1997, United States Selected Income and Tax Items 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 Gross Income
Other Areas Breakeven $0.01 $10,000 $20,000 $30,000 $50,000
Total and Under Under Under Under Under
Returns Loss $10,000 $20,000 $30,000 $50,000 $75,000
Returns Count 1,216,700 271,081 353,101 212,915 107,813 106,311 62,376
Dependent Exemptions Count 544,367 38,196 74,524 91,508 87,251 89,635 55,080
Joint Returns Count 330,371 19,644 40,959 55,708 50,034 54,659 36,950
Single Returns Count 591,052 166,551 201,677 119,641 37,263 33,260 16,035
Head of Household Count 33,808 2,249 6,337 10,329 6,169 4,779 1,923
Number of Farm Returns 2,390 400 356 227 160 255 267
Paid Preparer Returns Count 518,942 60,881 151,537 98,265 48,073 49,088 32,663
Salaries and Wages:
Number of Returns 791,386 49,667 217,856 183,558 94,714 94,996 56,360
Amount 41,813,925 1,715,068 3,395,524 3,595,686 2,945,102 4,543,098 4,133,676
Taxable Interest Income:
Number of Returns 476,761 19,053 123,458 72,130 55,455 67,077 48,347
Amount 1,220,055 47,322 106,451 101,800 79,820 121,527 115,702
Tax-exempt Interest:
Number of Returns 38,454 3,315 7,740 4,012 2,299 3,254 3,146
Amount 256,296 10,781 12,273 19,513 9,177 18,426 16,647
Dividends Received:
Number of Returns 243,812 6,659 51,388 28,622 23,994 34,196 29,214
Amount 1,281,215 15,460 64,647 73,034 61,467 106,027 110,483
State and Local Refunds:
Number of Returns 63,625 933 9,708 7,214 5,275 9,053 8,544
Amount 87,325 1,419 4,334 3,951 3,543 6,676 7,691
Business or Profession Net Income (less loss):
Number of Returns 58,266 7,079 15,136 8,277 6,026 6,603 5,112
Amount 975,436 38,046 132,850 81,874 65,555 94,603 91,837
Net Capital Gain (less loss):
Number of Returns 212,530 11,101 40,037 23,891 20,223 29,485 25,348
Amount 3,749,432 106,704 75,978 90,799 89,745 166,125 194,837
Taxable IRA Distributions:
Number of Returns 13,621 198 2,120 2,520 1,881 2,370 1,826
Amount 181,106 1,827 7,863 17,110 15,557 25,466 26,056
Taxable Pensions / Annuities:
Number of Returns 83,139 914 13,397 20,569 12,053 13,816 9,760
Amount 1,391,334 10,387 63,953 240,634 193,087 261,742 218,442
Farm Net Income / Loss:
Number of Returns 2,306 384 345 222 152 250 259
Amount -16,464 -10,935 374 -303 -352 -911 -691
Unemployment Compensation:
Number of Returns 9,458 203 2,411 2,372 1,585 1,451 711
Amount 33,959 846 7,153 8,609 5,866 5,564 2,809
Taxable Social Security Income:
Number of Returns 19,432 468 1,534 1,552 2,868 5,167 3,645
Amount 148,312 2,915 11,382 10,495 11,493 29,411 33,895
IRA Payments:
Number of Returns 30,956 734 2,591 5,962 7,931 9,519 1,730
Amount 62,706 1,395 4,656 11,016 15,405 18,683 4,395
S.E. Health Insurance Deduction:
Number of Returns 6,127 367 971 796 584 765 590
Amount 7,517 494 833 736 587 784 641
Self-Employed Retirement Plan Payments:
Number of Returns 3,527 90 103 150 182 371 394
Amount 43,181 525 367 650 809 2,035 3,037
Total Adjustments:
Number of Returns 130,777 13,372 31,133 20,495 16,595 19,473 10,026
Amount 582,475 73,084 107,914 65,368 44,943 58,893 41,429
AGI Amount 37,452,589 -1,567,537 1,216,440 3,086,581 2,636,655 4,123,870 3,796,247
Total Itemized Deductions:
Number of Returns 269,718 15,602 78,640 39,609 22,991 30,492 23,986
Amount 2,573,028 52,397 120,632 143,569 142,027 258,034 278,909
Total Standard Deduction:
Number of Returns 946,982 255,479 274,461 173,306 84,822 75,819 38,390
Amount 3,589,628 610,305 733,207 838,581 472,672 436,019 226,778
Taxable Income:
Number of Returns 664,528 251 106,488 181,523 105,332 105,690 62,233
Amount 30,405,818 3,021 253,005 1,265,912 1,391,766 2,773,761 2,881,841
Income Tax Before Credits:
Number of Returns 663,437 381 105,638 181,365 105,239 105,619 62,204
Amount 7,980,413 1,806 38,722 189,294 208,642 460,272 538,551
Child Care Credits:
Number of Returns 24,278 3 140 3,744 6,456 7,800 2,912
Amount 11,287 1 49 1,467 2,743 3,931 1,481
Foreign Tax Credits:
Number of Returns 121,184 21 3,107 10,308 12,297 20,751 16,760
Amount 2,198,214 106 600 6,204 15,829 56,342 77,353
General Business Credits:
Number of Returns 1,252 ** ** ** 51 116 142
Amount 2,119 ** ** ** 54 155 223
Total Credits:
Number of Returns 146,551 45 3,715 15,163 18,934 28,533 19,599
Amount 2,225,965 140 741 8,092 18,805 60,860 79,526
Self-Employment Tax:
Number of Returns 115,011 75,791 12,038 6,163 4,199 4,396 3,501
Amount 286,169 166,826 27,286 15,468 10,171 12,157 10,033
Income Tax:
Number of Returns 643,587 581 104,840 175,334 99,969 99,519 61,010
Amount 5,835,599 2,599 38,475 181,610 190,327 401,318 462,368
Total Tax Liability:
Number of Returns 747,359 87,056 118,743 178,102 100,316 99,667 61,066
Amount 6,179,486 193,279 73,428 200,167 203,203 416,791 475,295
Withholding Tax:
Number of Returns 668,204 23,440 160,538 176,354 91,058 87,930 50,888
Amount 4,065,303 43,509 113,461 278,228 247,253 440,487 438,601
Estimated Tax Payment:
Number of Returns 105,107 32,104 9,496 8,178 6,691 10,244 9,280
Amount 1,262,833 92,829 18,225 17,038 18,379 41,186 55,314
Earned Income Credits:
Number of Returns 22,223 97 5,486 14,007 2,633 0 0
Amount 20,348 74 5,288 13,734 1,252 0 0
Excess Earned Income Credits:
Number of Returns 17,636 64 4,605 12,019 948 0 0
Amount 17,283 57 4,969 11,793 464 0 0
Total Tax Payments:
Number of Returns 857,583 94,830 229,664 186,996 97,655 96,288 57,103
Amount 6,579,191 233,327 174,921 327,063 281,153 507,787 521,972
Overpayment (Negative Amount):
Number of Returns 641,963 63,077 204,763 157,878 75,799 66,267 32,818
Amount -1,132,785 -130,844 -118,957 -155,236 -101,619 -137,044 -98,930
Tax Due at Time of Filing:
Number of Returns 278,477 70,544 39,406 37,347 24,776 32,311 24,843
Amount 924,937 91,466 25,033 23,288 23,099 47,982 57,248
Medical and Dental Expense:
Number of Returns 11,180 752 1,346 2,068 1,868 2,357 1,537
Amount 63,709 3,699 6,039 10,882 9,400 12,670 9,528
State and Local Income Tax:
Number of Returns 205,529 9,917 61,380 32,812 17,542 22,423 17,109
Amount 868,264 10,178 100,836 42,015 27,048 49,853 56,327
Real Estate Tax:
Number of Returns 70,221 1,109 2,369 3,547 4,948 9,736 11,999
Amount 204,607 3,448 4,932 6,614 8,677 18,240 24,999
Taxes Paid Deduction:
Number of Returns 237,043 10,886 63,863 35,818 20,930 27,815 22,320
Amount 1,156,824 14,676 55,446 51,729 39,322 74,108 87,717
Interest Paid Deduction:
Number of Returns 79,651 1,311 3,140 4,509 5,948 11,704 13,476
Amount 927,123 18,902 22,956 32,353 46,803 91,400 114,885
Contributions Deduction:
Number of Returns 96,899 0 9,912 8,794 8,270 14,583 14,448
Amount 349,775 0 4,037 9,047 12,168 26,090 32,569
* Less than $500.
** Omitted to avoid disclosure of specific taxpayer information.
SOURCE: Internal Revenue Service, Information Services, Martinsburg Computing Center, Development Center Branch.
s Income
$75,000 $100,000 $150,000 $200,000 $500,000 $1,000,000
Under Under Under Under Under and
$100,000 $150,000 $200,000 $500,000 $1,000,000 Over
31,320 30,119 14,235 20,738 4,365 2,326
29,298 30,586 15,916 24,784 5,005 2,584
20,709 20,718 10,409 15,691 3,239 1,651
6,207 5,102 1,898 2,566 570 282
597 567 280 422 96 60
199 203 86 164 36 37
19,751 22,304 11,937 18,430 3,932 2,081
28,594 27,687 13,137 19,029 3,803 1,985
2,947,263 3,987,239 2,661,472 6,110,862 2,399,552 3,379,383
26,542 26,463 12,805 19,143 4,094 2,194
83,617 102,433 60,293 146,011 75,717 179,362
2,485 3,321 2,090 4,423 1,355 1,014
13,805 21,562 16,536 37,468 19,437 60,673
17,804 19,426 10,216 16,513 3,724 2,056
91,272 124,726 81,818 212,171 110,407 229,703
5,998 6,744 3,333 4,896 1,180 747
6,667 8,735 5,834 14,786 7,548 16,139
2,944 2,883 1,442 1,967 486 311
64,990 92,140 55,149 114,084 61,308 83,000
15,518 16,903 9,127 15,177 3,628 2,092
166,571 263,188 193,016 564,510 384,084 1,453,876
935 873 349 439 72 38
19,083 23,410 13,325 20,049 6,905 4,456
4,720 3,814 1,556 1,953 376 211
119,445 108,043 47,674 69,961 17,455 40,510
189 199 83 155 35 33
-694 -862 -542 -738 -213 -597
292 219 96 104 9 5
1,257 967 382 424 61 21
1,649 1,290 486 599 112 62
17,354 14,120 5,378 6,721 1,377 3,770
806 722 369 460 91 41
2,279 2,059 1,077 1,341 273 127
383 402 263 605 252 149
447 548 447 1,081 518 400
339 452 309 699 272 166
2,772 4,755 4,253 13,343 6,662 3,977
5,648 5,528 2,742 4,108 1,017 640
27,448 34,141 21,418 57,098 28,871 21,870
2,701,706 3,651,104 2,454,528 6,089,420 2,976,113 6,287,465
15,824 17,647 8,658 12,071 2,624 1,574
226,478 302,753 269,829 351,667 144,136 282,595
15,496 12,472 5,577 8,667 1,741 752
94,025 75,276 33,944 53,667 10,662 4,494
31,269 30,098 14,228 20,730 4,361 2,325
2,164,832 3,067,501 2,143,917 5,638,916 2,821,840 5,999,509
31,257 30,092 14,228 20,729 4,361 2,324
463,230 731,562 562,040 1,703,745 966,510 2,116,039
1,305 1,057 387 384 ** **
670 508 198 188 ** **
11,784 15,534 9,345 15,842 3,514 1,921
85,185 186,957 184,522 682,574 363,091 539,452
130 161 95 220 73 93
192 307 192 415 222 304
12,965 16,398 9,599 16,088 3,560 1,952
86,468 188,656 185,733 686,890 365,806 544,247
2,238 2,458 1,289 1,987 556 395
6,650 8,247 4,858 11,684 6,393 6,396
30,953 29,906 14,164 20,650 4,348 2,313
380,553 550,478 384,330 1,045,170 613,405 1,584,966
30,986 29,927 14,173 20,660 4,351 2,312
388,881 561,384 390,411 1,060,100 620,794 1,595,754
24,861 23,163 10,528 14,778 3,030 1,636
319,823 421,310 265,396 610,493 304,605 582,139
6,389 7,618 4,287 7,468 2,078 1,274
52,024 86,220 67,093 211,999 151,425 451,097
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
28,710 27,631 13,081 19,191 4,173 2,261
400,149 562,507 386,474 1,006,576 598,014 1,579,247
14,119 12,563 5,600 7,072 1,326 681
-58,742 -71,609 -47,180 -96,359 -52,944 -63,321
14,363 14,360 6,827 10,516 2,162 1,022
52,926 82,061 61,305 185,169 100,397 174,961
683 383 109 73 ** **
5,020 3,159 1,520 1,536 ** **
11,675 13,381 6,684 9,245 2,072 1,289
52,673 85,076 59,497 138,214 71,708 174,840
9,196 10,912 5,678 7,986 1,722 1,019
22,694 32,745 21,025 37,849 12,005 11,380
14,954 16,842 8,278 11,351 2,471 1,515
80,350 124,030 171,853 181,808 85,927 189,859
9,901 11,547 6,052 8,850 2,026 1,187
94,479 124,909 78,152 157,148 60,847 84,290
10,369 11,997 6,111 8,975 2,118 1,322
26,312 34,858 20,854 50,212 27,258 106,369