Skip to content

Checked

ZIP Code 07677 Income and Tax Statistics

Woodcliff Lake, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
2,940
6,210 people on returns
Average adjusted gross income
$292,190
New Jersey $110,957
Average salaries and wages
$216,721
Returns with wages
Average income tax
$69,965
New Jersey $22,935

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99953018.0%
  • $25,000 to $49,9992608.8%
  • $50,000 to $74,9992107.1%
  • $75,000 to $99,9991806.1%
  • $100,000 to $199,99954018.4%
  • $200,000 or more1,22041.5%

Income, credits and taxes in 07677

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages2,24076.2%$485M$216,721
Business or professional income67022.8%$28.73M$42,881
Net capital gains1,68057.1%$90.52M$53,880
Taxable pensions and annuities53018.0%$22.08M$41,666
Taxable Social Security benefits59020.1%$16.65M$28,220
Itemized deductions95032.3%$55.32M$58,234
Earned income tax credit602.0%$86K$1,433
Refundable child tax credit602.0%$123K$2,050
Income tax after credits2,46083.7%$172M$69,965
Refunds1,33045.2%$10.75M$8,080

Frequently asked questions

What is the average income in ZIP code 07677?
For tax year 2022, the average adjusted gross income on the 2,940 individual tax returns filed in 07677 was $292,190, compared with $110,957 for New Jersey.
How many people in 07677 get the earned income tax credit?
60 returns in 07677 (2.0%) 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