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ZIP Code 02885 Income and Tax Statistics
Tiverton, RI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 6,090
- 9,750 people on returns
- Average adjusted gross income
- $82,129
- Rhode Island $85,670
- Average salaries and wages
- $69,890
- Returns with wages
- Average income tax
- $13,063
- Rhode Island $15,099
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,50024.6%
- $25,000 to $49,9991,34022.0%
- $50,000 to $74,9991,02016.7%
- $75,000 to $99,99968011.2%
- $100,000 to $199,9991,16019.0%
- $200,000 or more3906.4%
Income, credits and taxes in 02885
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 | 4,930 | 81.0% | $345M | $69,890 |
| Business or professional income | 960 | 15.8% | $17.84M | $18,584 |
| Net capital gains | 1,220 | 20.0% | $16.26M | $13,325 |
| Taxable pensions and annuities | 1,220 | 20.0% | $33.03M | $27,078 |
| Taxable Social Security benefits | 1,160 | 19.0% | $21.84M | $18,827 |
| Itemized deductions | 550 | 9.0% | $15.09M | $27,435 |
| Earned income tax credit | 560 | 9.2% | $1.1M | $1,961 |
| Refundable child tax credit | 320 | 5.3% | $562K | $1,756 |
| Income tax after credits | 4,770 | 78.3% | $62.31M | $13,063 |
| Refunds | 4,160 | 68.3% | $11.63M | $2,796 |
Frequently asked questions
- What is the average income in ZIP code 02885?
- For tax year 2022, the average adjusted gross income on the 6,090 individual tax returns filed in 02885 was $82,129, compared with $85,670 for Rhode Island.
- How many people in 02885 get the earned income tax credit?
- 560 returns in 02885 (9.2%) 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