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ZIP Code 12592 Income and Tax Statistics
Wassaic, NY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 550
- 930 people on returns
- Average adjusted gross income
- $73,980
- New York $107,518
- Average salaries and wages
- $70,226
- Returns with wages
- Average income tax
- $12,059
- New York $24,070
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99915027.3%
- $25,000 to $49,99913023.6%
- $50,000 to $74,99910018.2%
- $75,000 to $99,9997012.7%
- $100,000 to $199,9997012.7%
- $200,000 or more305.5%
Income, credits and taxes in 12592
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 | 390 | 70.9% | $27.39M | $70,226 |
| Business or professional income | 80 | 14.5% | $1.24M | $15,450 |
| Net capital gains | 80 | 14.5% | $884K | $11,050 |
| Taxable pensions and annuities | 140 | 25.5% | $4.57M | $32,636 |
| Taxable Social Security benefits | 130 | 23.6% | $2.12M | $16,292 |
| Itemized deductions | 40 | 7.3% | $1.3M | $32,575 |
| Earned income tax credit | 60 | 10.9% | $129K | $2,150 |
| Refundable child tax credit | 50 | 9.1% | $70K | $1,400 |
| Income tax after credits | 410 | 74.5% | $4.94M | $12,059 |
| Refunds | 380 | 69.1% | $1.02M | $2,687 |
Frequently asked questions
- What is the average income in ZIP code 12592?
- For tax year 2022, the average adjusted gross income on the 550 individual tax returns filed in 12592 was $73,980, compared with $107,518 for New York.
- How many people in 12592 get the earned income tax credit?
- 60 returns in 12592 (10.9%) 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