Checked
ZIP Code 12950 Income and Tax Statistics
Elizabethtown, NY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 390
- 660 people on returns
- Average adjusted gross income
- $52,746
- New York $107,518
- Average salaries and wages
- $47,519
- Returns with wages
- Average income tax
- $5,907
- New York $24,070
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99912030.8%
- $25,000 to $49,99911028.2%
- $50,000 to $74,9997017.9%
- $75,000 to $99,9994010.3%
- $100,000 to $199,9995012.8%
- $200,000 or more00.0%
Income, credits and taxes in 12950
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 | 320 | 82.1% | $15.21M | $47,519 |
| Business or professional income | 50 | 12.8% | $249K | $4,980 |
| Net capital gains | 30 | 7.7% | $60K | $2,000 |
| Taxable pensions and annuities | 120 | 30.8% | $2.42M | $20,158 |
| Taxable Social Security benefits | 60 | 15.4% | $973K | $16,217 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 60 | 15.4% | $122K | $2,033 |
| Refundable child tax credit | 40 | 10.3% | $53K | $1,325 |
| Income tax after credits | 270 | 69.2% | $1.6M | $5,907 |
| Refunds | 300 | 76.9% | $658K | $2,193 |
Frequently asked questions
- What is the average income in ZIP code 12950?
- For tax year 2022, the average adjusted gross income on the 390 individual tax returns filed in 12950 was $52,746, compared with $107,518 for New York.
- How many people in 12950 get the earned income tax credit?
- 60 returns in 12950 (15.4%) 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