Skip to content

Checked

ZIP Code 24401 Income and Tax Statistics

Staunton, VA. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
18,360
32,160 people on returns
Average adjusted gross income
$68,751
Virginia $100,141
Average salaries and wages
$55,719
Returns with wages
Average income tax
$9,286
Virginia $18,688

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9994,94026.9%
  • $25,000 to $49,9994,74025.8%
  • $50,000 to $74,9993,22017.5%
  • $75,000 to $99,9991,94010.6%
  • $100,000 to $199,9992,83015.4%
  • $200,000 or more6903.8%

Income, credits and taxes in 24401

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 wages14,70080.1%$819M$55,719
Business or professional income2,57014.0%$34.79M$13,537
Net capital gains3,46018.8%$62.92M$18,185
Taxable pensions and annuities4,42024.1%$121M$27,374
Taxable Social Security benefits4,01021.8%$69.97M$17,449
Itemized deductions1,0705.8%$41.38M$38,676
Earned income tax credit2,50013.6%$5.51M$2,205
Refundable child tax credit1,7409.5%$3.12M$1,792
Income tax after credits13,73074.8%$127M$9,286
Refunds13,08071.2%$34.22M$2,616

Frequently asked questions

What is the average income in ZIP code 24401?
For tax year 2022, the average adjusted gross income on the 18,360 individual tax returns filed in 24401 was $68,751, compared with $100,141 for Virginia.
How many people in 24401 get the earned income tax credit?
2,500 returns in 24401 (13.6%) 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