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ZIP Code 24174 Income and Tax Statistics
Montvale, VA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,010
- 1,950 people on returns
- Average adjusted gross income
- $55,433
- Virginia $100,141
- Average salaries and wages
- $51,614
- Returns with wages
- Average income tax
- $5,890
- Virginia $18,688
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99929028.7%
- $25,000 to $49,99930029.7%
- $50,000 to $74,99917016.8%
- $75,000 to $99,99911010.9%
- $100,000 to $199,99914013.9%
- $200,000 or more00.0%
Income, credits and taxes in 24174
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 | 840 | 83.2% | $43.36M | $51,614 |
| Business or professional income | 110 | 10.9% | $951K | $8,645 |
| Net capital gains | 100 | 9.9% | $1.24M | $12,420 |
| Taxable pensions and annuities | 240 | 23.8% | $4.34M | $18,096 |
| Taxable Social Security benefits | 190 | 18.8% | $2.34M | $12,316 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 170 | 16.8% | $428K | $2,518 |
| Refundable child tax credit | 120 | 11.9% | $242K | $2,017 |
| Income tax after credits | 720 | 71.3% | $4.24M | $5,890 |
| Refunds | 770 | 76.2% | $2.04M | $2,643 |
Frequently asked questions
- What is the average income in ZIP code 24174?
- For tax year 2022, the average adjusted gross income on the 1,010 individual tax returns filed in 24174 was $55,433, compared with $100,141 for Virginia.
- How many people in 24174 get the earned income tax credit?
- 170 returns in 24174 (16.8%) 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