Checked
ZIP Code 11020 Income and Tax Statistics
Lake Success, NY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 3,110
- 6,220 people on returns
- Average adjusted gross income
- $220,695
- New York $107,518
- Average salaries and wages
- $160,738
- Returns with wages
- Average income tax
- $61,344
- New York $24,070
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99978025.1%
- $25,000 to $49,99942013.5%
- $50,000 to $74,9992708.7%
- $75,000 to $99,9992006.4%
- $100,000 to $199,99955017.7%
- $200,000 or more89028.6%
Income, credits and taxes in 11020
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 | 2,460 | 79.1% | $395M | $160,738 |
| Business or professional income | 680 | 21.9% | $25.36M | $37,296 |
| Net capital gains | 1,430 | 46.0% | $65.48M | $45,790 |
| Taxable pensions and annuities | 490 | 15.8% | $25.57M | $52,182 |
| Taxable Social Security benefits | 500 | 16.1% | $15.14M | $30,286 |
| Itemized deductions | 770 | 24.8% | $34.16M | $44,358 |
| Earned income tax credit | 290 | 9.3% | $637K | $2,197 |
| Refundable child tax credit | 210 | 6.8% | $413K | $1,967 |
| Income tax after credits | 2,300 | 74.0% | $141M | $61,344 |
| Refunds | 1,570 | 50.5% | $9.71M | $6,185 |
Frequently asked questions
- What is the average income in ZIP code 11020?
- For tax year 2022, the average adjusted gross income on the 3,110 individual tax returns filed in 11020 was $220,695, compared with $107,518 for New York.
- How many people in 11020 get the earned income tax credit?
- 290 returns in 11020 (9.3%) 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