Checked
ZIP Code 08026 Income and Tax Statistics
Gibbsboro, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,160
- 2,210 people on returns
- Average adjusted gross income
- $89,369
- New Jersey $110,957
- Average salaries and wages
- $81,461
- Returns with wages
- Average income tax
- $14,440
- New Jersey $22,935
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99927023.3%
- $25,000 to $49,99922019.0%
- $50,000 to $74,99918015.5%
- $75,000 to $99,99913011.2%
- $100,000 to $199,99927023.3%
- $200,000 or more907.8%
Income, credits and taxes in 08026
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 | 960 | 82.8% | $78.2M | $81,461 |
| Business or professional income | 160 | 13.8% | $2.95M | $18,406 |
| Net capital gains | 230 | 19.8% | $1.18M | $5,122 |
| Taxable pensions and annuities | 290 | 25.0% | $8.46M | $29,176 |
| Taxable Social Security benefits | 240 | 20.7% | $4.77M | $19,879 |
| Itemized deductions | 120 | 10.3% | $3.56M | $29,675 |
| Earned income tax credit | 150 | 12.9% | $332K | $2,213 |
| Refundable child tax credit | 100 | 8.6% | $192K | $1,920 |
| Income tax after credits | 870 | 75.0% | $12.56M | $14,440 |
| Refunds | 820 | 70.7% | $2.49M | $3,035 |
Frequently asked questions
- What is the average income in ZIP code 08026?
- For tax year 2022, the average adjusted gross income on the 1,160 individual tax returns filed in 08026 was $89,369, compared with $110,957 for New Jersey.
- How many people in 08026 get the earned income tax credit?
- 150 returns in 08026 (12.9%) 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