Skip to content

Checked

ZIP Code 22503 Income and Tax Statistics

Lancaster, VA. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
1,800
3,200 people on returns
Average adjusted gross income
$77,811
Virginia $100,141
Average salaries and wages
$52,857
Returns with wages
Average income tax
$12,754
Virginia $18,688

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99953029.4%
  • $25,000 to $49,99947026.1%
  • $50,000 to $74,99923012.8%
  • $75,000 to $99,9991709.4%
  • $100,000 to $199,99927015.0%
  • $200,000 or more1307.2%

Income, credits and taxes in 22503

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages1,32073.3%$69.77M$52,857
Business or professional income29016.1%$3.29M$11,341
Net capital gains41022.8%$9.74M$23,766
Taxable pensions and annuities53029.4%$20.2M$38,109
Taxable Social Security benefits50027.8%$10.79M$21,586
Itemized deductions19010.6%$6.9M$36,332
Earned income tax credit34018.9%$902K$2,653
Refundable child tax credit24013.3%$407K$1,696
Income tax after credits1,23068.3%$15.69M$12,754
Refunds1,21067.2%$3.76M$3,107

Frequently asked questions

What is the average income in ZIP code 22503?
For tax year 2022, the average adjusted gross income on the 1,800 individual tax returns filed in 22503 was $77,811, compared with $100,141 for Virginia.
How many people in 22503 get the earned income tax credit?
340 returns in 22503 (18.9%) 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