Checked
ZIP Code 24151 Income and Tax Statistics
Henry Fork, VA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 8,440
- 15,790 people on returns
- Average adjusted gross income
- $58,456
- Virginia $100,141
- Average salaries and wages
- $50,575
- Returns with wages
- Average income tax
- $8,128
- Virginia $18,688
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9992,63031.2%
- $25,000 to $49,9992,48029.4%
- $50,000 to $74,9991,30015.4%
- $75,000 to $99,99985010.1%
- $100,000 to $199,9991,00011.8%
- $200,000 or more1802.1%
Income, credits and taxes in 24151
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 | 7,020 | 83.2% | $355M | $50,575 |
| Business or professional income | 1,240 | 14.7% | $13.78M | $11,113 |
| Net capital gains | 1,110 | 13.2% | $12.17M | $10,964 |
| Taxable pensions and annuities | 1,820 | 21.6% | $37.64M | $20,680 |
| Taxable Social Security benefits | 1,510 | 17.9% | $22.76M | $15,072 |
| Itemized deductions | 290 | 3.4% | $9.68M | $33,386 |
| Earned income tax credit | 1,620 | 19.2% | $3.86M | $2,380 |
| Refundable child tax credit | 1,190 | 14.1% | $2.34M | $1,964 |
| Income tax after credits | 5,690 | 67.4% | $46.25M | $8,128 |
| Refunds | 6,360 | 75.4% | $17.45M | $2,744 |
Frequently asked questions
- What is the average income in ZIP code 24151?
- For tax year 2022, the average adjusted gross income on the 8,440 individual tax returns filed in 24151 was $58,456, compared with $100,141 for Virginia.
- How many people in 24151 get the earned income tax credit?
- 1,620 returns in 24151 (19.2%) 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