Checked
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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 1,210 | 80.7% | $73.85M | $61,033 |
| Business or professional income | 200 | 13.3% | $2.02M | $10,090 |
| Net capital gains | 190 | 12.7% | $423K | $2,226 |
| Taxable pensions and annuities | 400 | 26.7% | $11.48M | $28,710 |
| Taxable Social Security benefits | 310 | 20.7% | $5.18M | $16,716 |
| Itemized deductions | 150 | 10.0% | $3.21M | $21,373 |
| Earned income tax credit | 160 | 10.7% | $317K | $1,981 |
| Refundable child tax credit | 100 | 6.7% | $166K | $1,660 |
| Income tax after credits | 1,170 | 78.0% | $9.21M | $7,874 |
| Refunds | 1,110 | 74.0% | $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