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ZIP Code 24271 Income and Tax Statistics
Nickelsville, VA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 980
- 2,030 people on returns
- Average adjusted gross income
- $53,924
- Virginia $100,141
- Average salaries and wages
- $51,960
- Returns with wages
- Average income tax
- $5,756
- Virginia $18,688
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99933033.7%
- $25,000 to $49,99925025.5%
- $50,000 to $74,99916016.3%
- $75,000 to $99,999909.2%
- $100,000 to $199,99915015.3%
- $200,000 or more00.0%
Income, credits and taxes in 24271
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 | 800 | 81.6% | $41.57M | $51,960 |
| Business or professional income | 110 | 11.2% | $1.22M | $11,127 |
| Net capital gains | 90 | 9.2% | $697K | $7,744 |
| Taxable pensions and annuities | 220 | 22.4% | $4.51M | $20,482 |
| Taxable Social Security benefits | 200 | 20.4% | $2.52M | $12,590 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 190 | 19.4% | $495K | $2,605 |
| Refundable child tax credit | 140 | 14.3% | $273K | $1,950 |
| Income tax after credits | 640 | 65.3% | $3.68M | $5,756 |
| Refunds | 770 | 78.6% | $2.38M | $3,084 |
Frequently asked questions
- What is the average income in ZIP code 24271?
- For tax year 2022, the average adjusted gross income on the 980 individual tax returns filed in 24271 was $53,924, compared with $100,141 for Virginia.
- How many people in 24271 get the earned income tax credit?
- 190 returns in 24271 (19.4%) 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