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Home>Chicago, IL, 60604 Tax

Income at Chicago,  IL  60604

Tax Guide

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Adjusted Gross Income under $10,000 $10,000- $25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $200,000 $200,000 or more IllinoisState
Number of Returns 83 89 78 59 32 50 96 5,852,071
 
Total Itemized Deductions (Schedule A line 29)
Returns 16
(19.3%)
0
(0.0%)
22
(28.2%)
25
(42.4%)
21
(65.6%)
42
(84.0%)
87
(90.6%)
2,163,993
(37.0%)
Return Average AGI $2,398 $0 $10,667 $26,458 $57,031 $116,380 $4,438,958 $43,802
Average Deduction $1,289 $0 $4,359 $9,780 $24,000 $24,560 $319,323 $8,546
 
Contributions Deductions (Schedule A line 19)
Returns 0
(0.0%)
0
(0.0%)
23
(29.5%)
22
(37.3%)
15
(46.9%)
34
(68.0%)
83
(86.5%)
1,829,679
(31.3%)
Return Average AGI $0 $0 $10,038 $23,017 $40,313 $95,100 $4,370,313 $40,274
Average Deduction $0 $0 $897 $1,407 $2,000 $4,560 $88,000 $1,240
 
Taxes Paid Deductions (schedule A line 9)
Returns 22
(26.5%)
0
(0.0%)
22
(28.2%)
24
(40.7%)
21
(65.6%)
42
(84.0%)
86
(89.6%)
22
(37.2%)
Return Average AGI $-253,867 $0 $10,667 $25,593 $63 $116,380 $4,433,526,521 $18,701,143
Average Deduction $2,313 $0 $1,141 $2,339 $6,781 $9,200 $204,833 $3,028
 
Alternative Minimum Tax (1040 line 45)
Returns 0
(0.0%)
0
(0.0%)
0
(0.0%)
0
(0.0%)
10
(31.2%)
0
(0.0%)
57
(59.4%)
153,097
(2.6%)
Average $0 $0 $0 $0 $781 $0 $23,719 $113
 
Income Tax Before Credits (1040 line 46)
Returns 19
(22.9%)
19
(79.8%)
19
(97.4%)
19
(98.3%)
19
(96.9%)
19
(100.0%)
19
(99.0%)
19
(77.9%)
Average $60 $888 $3,192 $7,847 $10,031 $21,840 $1,016,813 $8,622
 
Total Tax (1040 line 61)
Returns 35
(42.2%)
67
(75.3%)
69
(88.5%)
58
(98.3%)
31
(96.9%)
50
(100.0%)
95
(99.0%)
35
(74.7%)
Average $1,277 $1,000 $3,513 $8,271 $11,188 $23,300 $948,573 $8,570
 
Average Adjusted Gross Income $-273,024 $17,618 $36,410 $62,441 $85,125 $138,960 $4,480,708 $60,948
Effective Tax Rate 127.7% 100.0% 351.3% 827.1% 1118.8% 2330.0% 94857.3% 857.0%
 
Earned Income Credit (1040 line 64a)
Returns 18
(21.7%)
27
(30.3%)
0
(0.0%)
0
(0.0%)
0
(0.0%)
0
(0.0%)
0
(0.0%)
18
(14.9%)
Average $277 $764 $0 $0 $0 $0 $0 $287
 
Paid Preparer
Number 51 55 43 31 20 34 80 3,593,206
% of returns 61.4% 61.8% 55.1% 52.5% 62.5% 68.0% 83.3% 61.4%
 

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Chicago, IL, 60604 Income