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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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 2,290 | 82.1% | $150M | $65,329 |
| Business or professional income | 400 | 14.3% | $5.29M | $13,228 |
| Net capital gains | 420 | 15.1% | $5.28M | $12,571 |
| Taxable pensions and annuities | 590 | 21.1% | $14.95M | $25,346 |
| Taxable Social Security benefits | 520 | 18.6% | $7.94M | $15,277 |
| Itemized deductions | 120 | 4.3% | $3.06M | $25,533 |
| Earned income tax credit | 310 | 11.1% | $653K | $2,106 |
| Refundable child tax credit | 220 | 7.9% | $415K | $1,886 |
| Income tax after credits | 2,160 | 77.4% | $21.19M | $9,811 |
| Refunds | 2,000 | 71.7% | $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