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ZIP Code 01069 Income and Tax Statistics
Palmer Town, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 4,180
- 6,880 people on returns
- Average adjusted gross income
- $70,699
- Massachusetts $119,653
- Average salaries and wages
- $62,149
- Returns with wages
- Average income tax
- $9,821
- Massachusetts $24,841
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,02024.4%
- $25,000 to $49,9991,01024.2%
- $50,000 to $74,99979018.9%
- $75,000 to $99,99946011.0%
- $100,000 to $199,99976018.2%
- $200,000 or more1403.3%
Income, credits and taxes in 01069
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 | 3,510 | 84.0% | $218M | $62,149 |
| Business or professional income | 480 | 11.5% | $6.61M | $13,771 |
| Net capital gains | 530 | 12.7% | $3.21M | $6,055 |
| Taxable pensions and annuities | 960 | 23.0% | $28.45M | $29,632 |
| Taxable Social Security benefits | 710 | 17.0% | $10.12M | $14,258 |
| Itemized deductions | 260 | 6.2% | $5.61M | $21,585 |
| Earned income tax credit | 450 | 10.8% | $890K | $1,978 |
| Refundable child tax credit | 270 | 6.5% | $453K | $1,678 |
| Income tax after credits | 3,230 | 77.3% | $31.72M | $9,821 |
| Refunds | 3,080 | 73.7% | $7.25M | $2,355 |
Frequently asked questions
- What is the average income in ZIP code 01069?
- For tax year 2022, the average adjusted gross income on the 4,180 individual tax returns filed in 01069 was $70,699, compared with $119,653 for Massachusetts.
- How many people in 01069 get the earned income tax credit?
- 450 returns in 01069 (10.8%) 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