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ZIP Code 07004 Income and Tax Statistics
Pine Brook, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 4,360
- 8,350 people on returns
- Average adjusted gross income
- $143,477
- New Jersey $110,957
- Average salaries and wages
- $114,640
- Returns with wages
- Average income tax
- $27,656
- New Jersey $22,935
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99988020.2%
- $25,000 to $49,99960013.8%
- $50,000 to $74,99955012.6%
- $75,000 to $99,99945010.3%
- $100,000 to $199,9991,04023.9%
- $200,000 or more84019.3%
Income, credits and taxes in 07004
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 | 3,410 | 78.2% | $391M | $114,640 |
| Business or professional income | 860 | 19.7% | $21.57M | $25,085 |
| Net capital gains | 1,560 | 35.8% | $66.16M | $42,413 |
| Taxable pensions and annuities | 960 | 22.0% | $31.93M | $33,257 |
| Taxable Social Security benefits | 920 | 21.1% | $22.09M | $24,005 |
| Itemized deductions | 940 | 21.6% | $34.76M | $36,979 |
| Earned income tax credit | 220 | 5.0% | $499K | $2,268 |
| Refundable child tax credit | 150 | 3.4% | $292K | $1,947 |
| Income tax after credits | 3,550 | 81.4% | $98.18M | $27,656 |
| Refunds | 2,540 | 58.3% | $10.79M | $4,247 |
Frequently asked questions
- What is the average income in ZIP code 07004?
- For tax year 2022, the average adjusted gross income on the 4,360 individual tax returns filed in 07004 was $143,477, compared with $110,957 for New Jersey.
- How many people in 07004 get the earned income tax credit?
- 220 returns in 07004 (5.0%) 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