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ZIP Code 01151 Income and Tax Statistics
Springfield, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 4,090
- 7,340 people on returns
- Average adjusted gross income
- $43,334
- Massachusetts $119,653
- Average salaries and wages
- $42,271
- Returns with wages
- Average income tax
- $4,904
- Massachusetts $24,841
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,48036.2%
- $25,000 to $49,9991,28031.3%
- $50,000 to $74,99975018.3%
- $75,000 to $99,9993107.6%
- $100,000 to $199,9992405.9%
- $200,000 or more300.7%
Income, credits and taxes in 01151
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 | 3,690 | 90.2% | $156M | $42,271 |
| Business or professional income | 480 | 11.7% | $1.75M | $3,648 |
| Net capital gains | 180 | 4.4% | $497K | $2,761 |
| Taxable pensions and annuities | 500 | 12.2% | $8.76M | $17,524 |
| Taxable Social Security benefits | 310 | 7.6% | $3.34M | $10,784 |
| Itemized deductions | 160 | 3.9% | $4.17M | $26,056 |
| Earned income tax credit | 1,210 | 29.6% | $3.21M | $2,651 |
| Refundable child tax credit | 880 | 21.5% | $1.55M | $1,760 |
| Income tax after credits | 2,530 | 61.9% | $12.41M | $4,904 |
| Refunds | 3,390 | 82.9% | $10.11M | $2,982 |
Frequently asked questions
- What is the average income in ZIP code 01151?
- For tax year 2022, the average adjusted gross income on the 4,090 individual tax returns filed in 01151 was $43,334, compared with $119,653 for Massachusetts.
- How many people in 01151 get the earned income tax credit?
- 1,210 returns in 01151 (29.6%) 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