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ZIP Code 01031 Income and Tax Statistics
Ware, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 560
- 970 people on returns
- Average adjusted gross income
- $58,416
- Massachusetts $119,653
- Average salaries and wages
- $52,776
- Returns with wages
- Average income tax
- $6,926
- Massachusetts $24,841
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99914025.0%
- $25,000 to $49,99917030.4%
- $50,000 to $74,99911019.6%
- $75,000 to $99,9996010.7%
- $100,000 to $199,9998014.3%
- $200,000 or more00.0%
Income, credits and taxes in 01031
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 | 460 | 82.1% | $24.28M | $52,776 |
| Business or professional income | 50 | 8.9% | $461K | $9,220 |
| Net capital gains | 40 | 7.1% | $20K | $500 |
| Taxable pensions and annuities | 110 | 19.6% | $3M | $27,300 |
| Taxable Social Security benefits | 90 | 16.1% | $1.4M | $15,600 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 70 | 12.5% | $190K | $2,714 |
| Refundable child tax credit | 50 | 8.9% | $109K | $2,180 |
| Income tax after credits | 420 | 75.0% | $2.91M | $6,926 |
| Refunds | 410 | 73.2% | $1.09M | $2,651 |
Frequently asked questions
- What is the average income in ZIP code 01031?
- For tax year 2022, the average adjusted gross income on the 560 individual tax returns filed in 01031 was $58,416, compared with $119,653 for Massachusetts.
- How many people in 01031 get the earned income tax credit?
- 70 returns in 01031 (12.5%) 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