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ZIP Code 01128 Income and Tax Statistics

Springfield, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
1,500
2,480 people on returns
Average adjusted gross income
$66,197
Massachusetts $119,653
Average salaries and wages
$61,033
Returns with wages
Average income tax
$7,874
Massachusetts $24,841

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99933022.0%
  • $25,000 to $49,99933022.0%
  • $50,000 to $74,99929019.3%
  • $75,000 to $99,99923015.3%
  • $100,000 to $199,99929019.3%
  • $200,000 or more302.0%

Income, credits and taxes in 01128

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages1,21080.7%$73.85M$61,033
Business or professional income20013.3%$2.02M$10,090
Net capital gains19012.7%$423K$2,226
Taxable pensions and annuities40026.7%$11.48M$28,710
Taxable Social Security benefits31020.7%$5.18M$16,716
Itemized deductions15010.0%$3.21M$21,373
Earned income tax credit16010.7%$317K$1,981
Refundable child tax credit1006.7%$166K$1,660
Income tax after credits1,17078.0%$9.21M$7,874
Refunds1,11074.0%$2.84M$2,558

Frequently asked questions

What is the average income in ZIP code 01128?
For tax year 2022, the average adjusted gross income on the 1,500 individual tax returns filed in 01128 was $66,197, compared with $119,653 for Massachusetts.
How many people in 01128 get the earned income tax credit?
160 returns in 01128 (10.7%) 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