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ZIP Code 06470 Income and Tax Statistics
Newtown, CT. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 8,190
- 15,860 people on returns
- Average adjusted gross income
- $172,847
- Connecticut $121,588
- Average salaries and wages
- $142,439
- Returns with wages
- Average income tax
- $37,662
- Connecticut $26,533
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,70020.8%
- $25,000 to $49,99997011.8%
- $50,000 to $74,99985010.4%
- $75,000 to $99,9997909.6%
- $100,000 to $199,9992,06025.2%
- $200,000 or more1,82022.2%
Income, credits and taxes in 06470
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 | 6,330 | 77.3% | $902M | $142,439 |
| Business or professional income | 1,820 | 22.2% | $72.99M | $40,104 |
| Net capital gains | 3,020 | 36.9% | $144M | $47,828 |
| Taxable pensions and annuities | 1,850 | 22.6% | $65.26M | $35,274 |
| Taxable Social Security benefits | 1,750 | 21.4% | $41.67M | $23,812 |
| Itemized deductions | 1,480 | 18.1% | $55.72M | $37,647 |
| Earned income tax credit | 330 | 4.0% | $548K | $1,661 |
| Refundable child tax credit | 220 | 2.7% | $448K | $2,036 |
| Income tax after credits | 6,690 | 81.7% | $252M | $37,662 |
| Refunds | 4,650 | 56.8% | $18.68M | $4,017 |
Frequently asked questions
- What is the average income in ZIP code 06470?
- For tax year 2022, the average adjusted gross income on the 8,190 individual tax returns filed in 06470 was $172,847, compared with $121,588 for Connecticut.
- How many people in 06470 get the earned income tax credit?
- 330 returns in 06470 (4.0%) 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