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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.

ItemReturnsShare of returnsTotalAverage
Salaries and wages67078.8%$40.69M$60,730
Business or professional income15017.6%$1.78M$11,893
Net capital gains18021.2%$2.79M$15,517
Taxable pensions and annuities26030.6%$8.34M$32,088
Taxable Social Security benefits22025.9%$4.04M$18,359
Itemized deductions404.7%$1.36M$33,875
Earned income tax credit10011.8%$226K$2,260
Refundable child tax credit708.2%$137K$1,957
Income tax after credits66077.6%$6.1M$9,244
Refunds61071.8%$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