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Home>Farmington, NM, 87401 Tax

Income at Farmington,  NM  87401

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 New MexicoState
Number of Returns 3,575 4,164 3,767 2,217 1,353 1,163 319 866,726
 
Total Itemized Deductions (Schedule A line 29)
Returns 61
(1.7%)
226
(5.4%)
765
(20.3%)
898
(40.5%)
775
(57.3%)
934
(80.3%)
305
(95.6%)
228,968
(26.4%)
Return Average AGI $111 $970 $7,856 $25,403 $49,776 $106,585 $614,279 $25,882
Average Deduction $229 $736 $2,799 $6,434 $10,457 $18,075 $64,266 $5,283
 
Contributions Deductions (Schedule A line 19)
Returns 33
(0.9%)
169
(4.1%)
514
(13.6%)
678
(30.6%)
624
(46.1%)
821
(70.6%)
281
(88.1%)
181,762
(21.0%)
Return Average AGI $60 $727 $5,251 $19,274 $40,035 $93,934 $582,185 $22,297
Average Deduction $13 $71 $360 $914 $1,785 $3,848 $19,749 $743
 
Taxes Paid Deductions (schedule A line 9)
Returns 73
(2.0%)
220
(5.3%)
760
(20.2%)
894
(40.3%)
775
(57.3%)
934
(80.3%)
305
(95.6%)
73
(26.5%)
Return Average AGI $-344 $949 $7,811 $25,297 $50 $106,585 $614,277,646 $8,336,116
Average Deduction $25 $84 $408 $1,199 $2,403 $5,448 $35,392 $1,448
 
Alternative Minimum Tax (1040 line 45)
Returns 0
(0.0%)
0
(0.0%)
0
(0.0%)
19
(0.9%)
18
(1.3%)
44
(3.8%)
149
(46.7%)
10,504
(1.2%)
Average $0 $0 $0 $9 $23 $84 $2,934 $54
 
Income Tax Before Credits (1040 line 46)
Returns 568
(15.9%)
568
(71.5%)
568
(97.7%)
568
(99.8%)
568
(100.0%)
568
(99.8%)
568
(100.0%)
568
(72.8%)
Average $23 $526 $2,452 $5,795 $9,407 $18,619 $148,270 $5,220
 
Total Tax (1040 line 61)
Returns 850
(23.8%)
2,496
(59.9%)
3,031
(80.5%)
2,108
(95.1%)
1,344
(99.3%)
1,161
(99.8%)
319
(100.0%)
850
(68.3%)
Average $85 $554 $2,136 $5,194 $8,983 $19,007 $149,903 $5,197
 
Average Adjusted Gross Income $3,831 $16,862 $36,132 $61,505 $86,081 $130,604 $629,066 $44,391
Effective Tax Rate 8.5% 55.4% 213.6% 519.4% 898.3% 1900.7% 14990.3% 519.7%
 
Earned Income Credit (1040 line 64a)
Returns 1,354
(37.9%)
1,786
(42.9%)
726
(19.3%)
0
(0.0%)
0
(0.0%)
0
(0.0%)
0
(0.0%)
1,354
(22.5%)
Average $434 $1,179 $215 $0 $0 $0 $0 $428
 
Paid Preparer
Number 2,253 2,794 2,390 1,381 839 756 259 498,791
% of returns 63.0% 67.1% 63.4% 62.3% 62.0% 65.0% 81.2% 57.5%
 

Preparation Guide

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Farmington, NM, 87401 Income