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ZIP Code 08311 Income and Tax Statistics
Cedarville, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 970
- 1,830 people on returns
- Average adjusted gross income
- $56,665
- New Jersey $110,957
- Average salaries and wages
- $51,466
- Returns with wages
- Average income tax
- $6,621
- New Jersey $22,935
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99930030.9%
- $25,000 to $49,99926026.8%
- $50,000 to $74,99913013.4%
- $75,000 to $99,99913013.4%
- $100,000 to $199,99915015.5%
- $200,000 or more00.0%
Income, credits and taxes in 08311
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 | 820 | 84.5% | $42.2M | $51,466 |
| Business or professional income | 100 | 10.3% | $484K | $4,840 |
| Net capital gains | 70 | 7.2% | $373K | $5,329 |
| Taxable pensions and annuities | 210 | 21.6% | $5.74M | $27,329 |
| Taxable Social Security benefits | 150 | 15.5% | $2.42M | $16,167 |
| Itemized deductions | 40 | 4.1% | $978K | $24,450 |
| Earned income tax credit | 180 | 18.6% | $415K | $2,306 |
| Refundable child tax credit | 130 | 13.4% | $215K | $1,654 |
| Income tax after credits | 670 | 69.1% | $4.44M | $6,621 |
| Refunds | 750 | 77.3% | $2.04M | $2,720 |
Frequently asked questions
- What is the average income in ZIP code 08311?
- For tax year 2022, the average adjusted gross income on the 970 individual tax returns filed in 08311 was $56,665, compared with $110,957 for New Jersey.
- How many people in 08311 get the earned income tax credit?
- 180 returns in 08311 (18.6%) 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