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ZIP Code 21155 Income and Tax Statistics
Hampstead, MD. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,300
- 2,330 people on returns
- Average adjusted gross income
- $135,702
- Maryland $97,187
- Average salaries and wages
- $118,037
- Returns with wages
- Average income tax
- $30,163
- Maryland $18,178
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99929022.3%
- $25,000 to $49,99922016.9%
- $50,000 to $74,99919014.6%
- $75,000 to $99,9991209.2%
- $100,000 to $199,99931023.8%
- $200,000 or more17013.1%
Income, credits and taxes in 21155
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 | 1,000 | 76.9% | $118M | $118,037 |
| Business or professional income | 260 | 20.0% | $5.04M | $19,388 |
| Net capital gains | 390 | 30.0% | $7.49M | $19,200 |
| Taxable pensions and annuities | 290 | 22.3% | $8.56M | $29,521 |
| Taxable Social Security benefits | 300 | 23.1% | $6.33M | $21,083 |
| Itemized deductions | 270 | 20.8% | $7.49M | $27,748 |
| Earned income tax credit | 80 | 6.2% | $160K | $2,000 |
| Refundable child tax credit | 60 | 4.6% | $106K | $1,767 |
| Income tax after credits | 1,040 | 80.0% | $31.37M | $30,163 |
| Refunds | 800 | 61.5% | $2.54M | $3,170 |
Frequently asked questions
- What is the average income in ZIP code 21155?
- For tax year 2022, the average adjusted gross income on the 1,300 individual tax returns filed in 21155 was $135,702, compared with $97,187 for Maryland.
- How many people in 21155 get the earned income tax credit?
- 80 returns in 21155 (6.2%) 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