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ZIP Code 01775 Income and Tax Statistics
Maynard, MA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 3,680
- 7,190 people on returns
- Average adjusted gross income
- $199,213
- Massachusetts $119,653
- Average salaries and wages
- $158,107
- Returns with wages
- Average income tax
- $44,485
- Massachusetts $24,841
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99974020.1%
- $25,000 to $49,99939010.6%
- $50,000 to $74,9993208.7%
- $75,000 to $99,9992707.3%
- $100,000 to $199,99985023.1%
- $200,000 or more1,11030.2%
Income, credits and taxes in 01775
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 | 2,880 | 78.3% | $455M | $158,107 |
| Business or professional income | 760 | 20.7% | $21.53M | $28,325 |
| Net capital gains | 1,650 | 44.8% | $62.73M | $38,016 |
| Taxable pensions and annuities | 740 | 20.1% | $25.71M | $34,738 |
| Taxable Social Security benefits | 730 | 19.8% | $18.7M | $25,622 |
| Itemized deductions | 730 | 19.8% | $24.6M | $33,699 |
| Earned income tax credit | 120 | 3.3% | $181K | $1,508 |
| Refundable child tax credit | 70 | 1.9% | $131K | $1,871 |
| Income tax after credits | 3,010 | 81.8% | $134M | $44,485 |
| Refunds | 1,980 | 53.8% | $8.03M | $4,056 |
Frequently asked questions
- What is the average income in ZIP code 01775?
- For tax year 2022, the average adjusted gross income on the 3,680 individual tax returns filed in 01775 was $199,213, compared with $119,653 for Massachusetts.
- How many people in 01775 get the earned income tax credit?
- 120 returns in 01775 (3.3%) 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