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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 1,320 | 73.3% | $69.77M | $52,857 |
| Business or professional income | 290 | 16.1% | $3.29M | $11,341 |
| Net capital gains | 410 | 22.8% | $9.74M | $23,766 |
| Taxable pensions and annuities | 530 | 29.4% | $20.2M | $38,109 |
| Taxable Social Security benefits | 500 | 27.8% | $10.79M | $21,586 |
| Itemized deductions | 190 | 10.6% | $6.9M | $36,332 |
| Earned income tax credit | 340 | 18.9% | $902K | $2,653 |
| Refundable child tax credit | 240 | 13.3% | $407K | $1,696 |
| Income tax after credits | 1,230 | 68.3% | $15.69M | $12,754 |
| Refunds | 1,210 | 67.2% | $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