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ZIP Code 01367 Income and Tax Statistics
Shelburne Falls, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 260
- 450 people on returns
- Average adjusted gross income
- $62,146
- Massachusetts $119,653
- Average salaries and wages
- $46,771
- Returns with wages
- Average income tax
- $7,878
- Massachusetts $24,841
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9998030.8%
- $25,000 to $49,9997026.9%
- $50,000 to $74,9993011.5%
- $75,000 to $99,9993011.5%
- $100,000 to $199,9995019.2%
- $200,000 or more00.0%
Income, credits and taxes in 01367
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 | 210 | 80.8% | $9.82M | $46,771 |
| Business or professional income | 30 | 11.5% | $168K | $5,600 |
| Net capital gains | 50 | 19.2% | $317K | $6,340 |
| Taxable pensions and annuities | 80 | 30.8% | $2.27M | $28,313 |
| Taxable Social Security benefits | 70 | 26.9% | $1.06M | $15,100 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 30 | 11.5% | $67K | $2,233 |
| Refundable child tax credit | 0 | 0.0% | $0 | Not shown |
| Income tax after credits | 180 | 69.2% | $1.42M | $7,878 |
| Refunds | 180 | 69.2% | $482K | $2,678 |
Frequently asked questions
- What is the average income in ZIP code 01367?
- For tax year 2022, the average adjusted gross income on the 260 individual tax returns filed in 01367 was $62,146, compared with $119,653 for Massachusetts.
- How many people in 01367 get the earned income tax credit?
- 30 returns in 01367 (11.5%) 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