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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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 2,240 | 76.2% | $485M | $216,721 |
| Business or professional income | 670 | 22.8% | $28.73M | $42,881 |
| Net capital gains | 1,680 | 57.1% | $90.52M | $53,880 |
| Taxable pensions and annuities | 530 | 18.0% | $22.08M | $41,666 |
| Taxable Social Security benefits | 590 | 20.1% | $16.65M | $28,220 |
| Itemized deductions | 950 | 32.3% | $55.32M | $58,234 |
| Earned income tax credit | 60 | 2.0% | $86K | $1,433 |
| Refundable child tax credit | 60 | 2.0% | $123K | $2,050 |
| Income tax after credits | 2,460 | 83.7% | $172M | $69,965 |
| Refunds | 1,330 | 45.2% | $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