Checked
ZIP Code 01746 Income and Tax Statistics
Hopkinton, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 7,460
- 14,930 people on returns
- Average adjusted gross income
- $152,947
- Massachusetts $119,653
- Average salaries and wages
- $136,193
- Returns with wages
- Average income tax
- $30,656
- Massachusetts $24,841
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,59021.3%
- $25,000 to $49,99989011.9%
- $50,000 to $74,99977010.3%
- $75,000 to $99,9996208.3%
- $100,000 to $199,9991,79024.0%
- $200,000 or more1,80024.1%
Income, credits and taxes in 01746
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 | 6,070 | 81.4% | $827M | $136,193 |
| Business or professional income | 1,440 | 19.3% | $39.27M | $27,271 |
| Net capital gains | 2,680 | 35.9% | $78.27M | $29,204 |
| Taxable pensions and annuities | 1,380 | 18.5% | $44.98M | $32,596 |
| Taxable Social Security benefits | 1,310 | 17.6% | $30.24M | $23,085 |
| Itemized deductions | 1,360 | 18.2% | $45.3M | $33,307 |
| Earned income tax credit | 260 | 3.5% | $413K | $1,588 |
| Refundable child tax credit | 170 | 2.3% | $311K | $1,829 |
| Income tax after credits | 6,040 | 81.0% | $185M | $30,656 |
| Refunds | 4,410 | 59.1% | $15.04M | $3,411 |
Frequently asked questions
- What is the average income in ZIP code 01746?
- For tax year 2022, the average adjusted gross income on the 7,460 individual tax returns filed in 01746 was $152,947, compared with $119,653 for Massachusetts.
- How many people in 01746 get the earned income tax credit?
- 260 returns in 01746 (3.5%) 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