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ZIP Code 16602 Income and Tax Statistics
Altoona, PA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 13,540
- 23,250 people on returns
- Average adjusted gross income
- $55,450
- Pennsylvania $88,330
- Average salaries and wages
- $47,410
- Returns with wages
- Average income tax
- $7,565
- Pennsylvania $16,093
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994,71034.8%
- $25,000 to $49,9993,80028.1%
- $50,000 to $74,9991,98014.6%
- $75,000 to $99,9991,1908.8%
- $100,000 to $199,9991,57011.6%
- $200,000 or more2902.1%
Income, credits and taxes in 16602
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 | 10,880 | 80.4% | $516M | $47,410 |
| Business or professional income | 1,240 | 9.2% | $16.78M | $13,529 |
| Net capital gains | 1,800 | 13.3% | $13.47M | $7,483 |
| Taxable pensions and annuities | 3,430 | 25.3% | $74.21M | $21,635 |
| Taxable Social Security benefits | 2,660 | 19.6% | $39.34M | $14,789 |
| Itemized deductions | 260 | 1.9% | $16.53M | $63,581 |
| Earned income tax credit | 2,430 | 17.9% | $5.79M | $2,382 |
| Refundable child tax credit | 1,550 | 11.4% | $2.71M | $1,746 |
| Income tax after credits | 9,040 | 66.8% | $68.39M | $7,565 |
| Refunds | 10,710 | 79.1% | $27.41M | $2,559 |
Frequently asked questions
- What is the average income in ZIP code 16602?
- For tax year 2022, the average adjusted gross income on the 13,540 individual tax returns filed in 16602 was $55,450, compared with $88,330 for Pennsylvania.
- How many people in 16602 get the earned income tax credit?
- 2,430 returns in 16602 (17.9%) 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