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ZIP Code 24128 Income and Tax Statistics
Blacksburg, VA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 850
- 1,640 people on returns
- Average adjusted gross income
- $80,444
- Virginia $100,141
- Average salaries and wages
- $60,730
- Returns with wages
- Average income tax
- $9,244
- Virginia $18,688
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99920023.5%
- $25,000 to $49,99921024.7%
- $50,000 to $74,99915017.6%
- $75,000 to $99,99910011.8%
- $100,000 to $199,99915017.6%
- $200,000 or more404.7%
Income, credits and taxes in 24128
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 | 670 | 78.8% | $40.69M | $60,730 |
| Business or professional income | 150 | 17.6% | $1.78M | $11,893 |
| Net capital gains | 180 | 21.2% | $2.79M | $15,517 |
| Taxable pensions and annuities | 260 | 30.6% | $8.34M | $32,088 |
| Taxable Social Security benefits | 220 | 25.9% | $4.04M | $18,359 |
| Itemized deductions | 40 | 4.7% | $1.36M | $33,875 |
| Earned income tax credit | 100 | 11.8% | $226K | $2,260 |
| Refundable child tax credit | 70 | 8.2% | $137K | $1,957 |
| Income tax after credits | 660 | 77.6% | $6.1M | $9,244 |
| Refunds | 610 | 71.8% | $1.67M | $2,734 |
Frequently asked questions
- What is the average income in ZIP code 24128?
- For tax year 2022, the average adjusted gross income on the 850 individual tax returns filed in 24128 was $80,444, compared with $100,141 for Virginia.
- How many people in 24128 get the earned income tax credit?
- 100 returns in 24128 (11.8%) 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