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Home>Farmington, NM, 87401 Tax

Income at Farmington,  NM  87401

Tax Guide

Debt Consolidation  Tax Sale  Tax Help  Estate Tax  Tax Debt  Federal Tax  Tax Attorney  Tax Problems  State Tax  Property Tax  Debt Counseling  Tax Relief  Tax Deduction 
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