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ZIP Code 08690 Income and Tax Statistics
Hamilton Square, NJ. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 10,660
- 18,750 people on returns
- Average adjusted gross income
- $100,429
- New Jersey $110,957
- Average salaries and wages
- $89,049
- Returns with wages
- Average income tax
- $14,910
- New Jersey $22,935
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,93018.1%
- $25,000 to $49,9991,79016.8%
- $50,000 to $74,9991,71016.0%
- $75,000 to $99,9991,27011.9%
- $100,000 to $199,9992,88027.0%
- $200,000 or more1,08010.1%
Income, credits and taxes in 08690
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 | 8,100 | 76.0% | $721M | $89,049 |
| Business or professional income | 1,380 | 12.9% | $25.4M | $18,407 |
| Net capital gains | 2,940 | 27.6% | $29.08M | $9,891 |
| Taxable pensions and annuities | 3,340 | 31.3% | $129M | $38,513 |
| Taxable Social Security benefits | 2,910 | 27.3% | $64.97M | $22,327 |
| Itemized deductions | 1,490 | 14.0% | $53.4M | $35,838 |
| Earned income tax credit | 500 | 4.7% | $930K | $1,860 |
| Refundable child tax credit | 320 | 3.0% | $610K | $1,906 |
| Income tax after credits | 8,930 | 83.8% | $133M | $14,910 |
| Refunds | 6,990 | 65.6% | $18.36M | $2,627 |
Frequently asked questions
- What is the average income in ZIP code 08690?
- For tax year 2022, the average adjusted gross income on the 10,660 individual tax returns filed in 08690 was $100,429, compared with $110,957 for New Jersey.
- How many people in 08690 get the earned income tax credit?
- 500 returns in 08690 (4.7%) 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