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ZIP Code 04274 Income and Tax Statistics

Mechanic Falls, ME. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
2,790
5,120 people on returns
Average adjusted gross income
$73,866
Maine $78,002
Average salaries and wages
$65,329
Returns with wages
Average income tax
$9,811
Maine $12,254

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99965023.3%
  • $25,000 to $49,99969024.7%
  • $50,000 to $74,99949017.6%
  • $75,000 to $99,99932011.5%
  • $100,000 to $199,99952018.6%
  • $200,000 or more1204.3%

Income, credits and taxes in 04274

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages2,29082.1%$150M$65,329
Business or professional income40014.3%$5.29M$13,228
Net capital gains42015.1%$5.28M$12,571
Taxable pensions and annuities59021.1%$14.95M$25,346
Taxable Social Security benefits52018.6%$7.94M$15,277
Itemized deductions1204.3%$3.06M$25,533
Earned income tax credit31011.1%$653K$2,106
Refundable child tax credit2207.9%$415K$1,886
Income tax after credits2,16077.4%$21.19M$9,811
Refunds2,00071.7%$4.83M$2,416

Frequently asked questions

What is the average income in ZIP code 04274?
For tax year 2022, the average adjusted gross income on the 2,790 individual tax returns filed in 04274 was $73,866, compared with $78,002 for Maine.
How many people in 04274 get the earned income tax credit?
310 returns in 04274 (11.1%) 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