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ZIP Code 06754 Income and Tax Statistics
Cornwall Bridge, CT. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 800
- 1,390 people on returns
- Average adjusted gross income
- $135,504
- Connecticut $121,588
- Average salaries and wages
- $108,457
- Returns with wages
- Average income tax
- $30,727
- Connecticut $26,533
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99919023.8%
- $25,000 to $49,99915018.8%
- $50,000 to $74,99911013.8%
- $75,000 to $99,9998010.0%
- $100,000 to $199,99916020.0%
- $200,000 or more11013.8%
Income, credits and taxes in 06754
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 | 560 | 70.0% | $60.74M | $108,457 |
| Business or professional income | 250 | 31.3% | $7.95M | $31,800 |
| Net capital gains | 240 | 30.0% | $3.93M | $16,367 |
| Taxable pensions and annuities | 190 | 23.8% | $6.27M | $33,016 |
| Taxable Social Security benefits | 190 | 23.8% | $3.78M | $19,911 |
| Itemized deductions | 120 | 15.0% | $4.6M | $38,367 |
| Earned income tax credit | 70 | 8.8% | $106K | $1,514 |
| Refundable child tax credit | 40 | 5.0% | $76K | $1,900 |
| Income tax after credits | 620 | 77.5% | $19.05M | $30,727 |
| Refunds | 470 | 58.8% | $1.64M | $3,489 |
Frequently asked questions
- What is the average income in ZIP code 06754?
- For tax year 2022, the average adjusted gross income on the 800 individual tax returns filed in 06754 was $135,504, compared with $121,588 for Connecticut.
- How many people in 06754 get the earned income tax credit?
- 70 returns in 06754 (8.8%) 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