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ZIP Code 01022 Income and Tax Statistics
Chicopee, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,180
- 1,720 people on returns
- Average adjusted gross income
- $52,926
- Massachusetts $119,653
- Average salaries and wages
- $50,119
- Returns with wages
- Average income tax
- $6,178
- Massachusetts $24,841
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99932027.1%
- $25,000 to $49,99934028.8%
- $50,000 to $74,99926022.0%
- $75,000 to $99,99913011.0%
- $100,000 to $199,99913011.0%
- $200,000 or more00.0%
Income, credits and taxes in 01022
Returns that reported each item, the total amount and the average for those returns
Swipe the table sideways to see more columns.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 830 | 70.3% | $41.6M | $50,119 |
| Business or professional income | 80 | 6.8% | $275K | $3,438 |
| Net capital gains | 160 | 13.6% | $391K | $2,444 |
| Taxable pensions and annuities | 430 | 36.4% | $10.59M | $24,621 |
| Taxable Social Security benefits | 320 | 27.1% | $3.61M | $11,281 |
| Itemized deductions | 50 | 4.2% | $1.25M | $25,000 |
| Earned income tax credit | 110 | 9.3% | $157K | $1,427 |
| Refundable child tax credit | 60 | 5.1% | $110K | $1,833 |
| Income tax after credits | 880 | 74.6% | $5.44M | $6,178 |
| Refunds | 880 | 74.6% | $1.84M | $2,095 |
Frequently asked questions
- What is the average income in ZIP code 01022?
- For tax year 2022, the average adjusted gross income on the 1,180 individual tax returns filed in 01022 was $52,926, compared with $119,653 for Massachusetts.
- How many people in 01022 get the earned income tax credit?
- 110 returns in 01022 (9.3%) claimed the earned income tax credit for tax year 2022.
- Why might these numbers differ from Census income figures?
- IRS figures count tax returns, not households, and use adjusted gross income from the return. People who do not file a return are not included.
Source: Internal Revenue Service, Statistics of Income · Tax year 2022