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ZIP Code 24486 Income and Tax Statistics
Weyers Cave, VA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,810
- 3,680 people on returns
- Average adjusted gross income
- $71,930
- Virginia $100,141
- Average salaries and wages
- $59,744
- Returns with wages
- Average income tax
- $8,874
- Virginia $18,688
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99942023.2%
- $25,000 to $49,99944024.3%
- $50,000 to $74,99930016.6%
- $75,000 to $99,99924013.3%
- $100,000 to $199,99935019.3%
- $200,000 or more603.3%
Income, credits and taxes in 24486
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 | 1,520 | 84.0% | $90.81M | $59,744 |
| Business or professional income | 310 | 17.1% | $3.88M | $12,526 |
| Net capital gains | 350 | 19.3% | $4.06M | $11,589 |
| Taxable pensions and annuities | 350 | 19.3% | $9.18M | $26,231 |
| Taxable Social Security benefits | 340 | 18.8% | $5.67M | $16,682 |
| Itemized deductions | 110 | 6.1% | $4.45M | $40,482 |
| Earned income tax credit | 230 | 12.7% | $506K | $2,200 |
| Refundable child tax credit | 200 | 11.0% | $423K | $2,115 |
| Income tax after credits | 1,340 | 74.0% | $11.89M | $8,874 |
| Refunds | 1,280 | 70.7% | $3.4M | $2,655 |
Frequently asked questions
- What is the average income in ZIP code 24486?
- For tax year 2022, the average adjusted gross income on the 1,810 individual tax returns filed in 24486 was $71,930, compared with $100,141 for Virginia.
- How many people in 24486 get the earned income tax credit?
- 230 returns in 24486 (12.7%) 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