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ZIP Code 06763 Income and Tax Statistics
Bantam, CT. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,010
- 1,780 people on returns
- Average adjusted gross income
- $147,767
- Connecticut $121,588
- Average salaries and wages
- $87,864
- Returns with wages
- Average income tax
- $31,043
- Connecticut $26,533
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99922021.8%
- $25,000 to $49,99917016.8%
- $50,000 to $74,99916015.8%
- $75,000 to $99,9991009.9%
- $100,000 to $199,99924023.8%
- $200,000 or more12011.9%
Income, credits and taxes in 06763
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 | 770 | 76.2% | $67.66M | $87,864 |
| Business or professional income | 220 | 21.8% | $5.66M | $25,745 |
| Net capital gains | 310 | 30.7% | $10.11M | $32,613 |
| Taxable pensions and annuities | 270 | 26.7% | $9.63M | $35,656 |
| Taxable Social Security benefits | 250 | 24.8% | $5.02M | $20,096 |
| Itemized deductions | 110 | 10.9% | $3.3M | $29,991 |
| Earned income tax credit | 60 | 5.9% | $91K | $1,517 |
| Refundable child tax credit | 40 | 4.0% | $58K | $1,450 |
| Income tax after credits | 820 | 81.2% | $25.46M | $31,043 |
| Refunds | 600 | 59.4% | $1.95M | $3,243 |
Frequently asked questions
- What is the average income in ZIP code 06763?
- For tax year 2022, the average adjusted gross income on the 1,010 individual tax returns filed in 06763 was $147,767, compared with $121,588 for Connecticut.
- How many people in 06763 get the earned income tax credit?
- 60 returns in 06763 (5.9%) 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