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ZIP Code 26164 Income and Tax Statistics
Ravenswood, WV. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 3,240
- 6,320 people on returns
- Average adjusted gross income
- $52,569
- West Virginia $66,035
- Average salaries and wages
- $49,974
- Returns with wages
- Average income tax
- $6,694
- West Virginia $9,999
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,19036.7%
- $25,000 to $49,99975023.1%
- $50,000 to $74,99951015.7%
- $75,000 to $99,99934010.5%
- $100,000 to $199,99939012.0%
- $200,000 or more601.9%
Income, credits and taxes in 26164
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 | 2,430 | 75.0% | $121M | $49,974 |
| Business or professional income | 360 | 11.1% | $3.95M | $10,967 |
| Net capital gains | 320 | 9.9% | $2.47M | $7,716 |
| Taxable pensions and annuities | 960 | 29.6% | $19.83M | $20,654 |
| Taxable Social Security benefits | 710 | 21.9% | $10.64M | $14,980 |
| Itemized deductions | 60 | 1.9% | $2.03M | $33,883 |
| Earned income tax credit | 640 | 19.8% | $1.57M | $2,448 |
| Refundable child tax credit | 430 | 13.3% | $849K | $1,974 |
| Income tax after credits | 2,050 | 63.3% | $13.72M | $6,694 |
| Refunds | 2,510 | 77.5% | $6.63M | $2,641 |
Frequently asked questions
- What is the average income in ZIP code 26164?
- For tax year 2022, the average adjusted gross income on the 3,240 individual tax returns filed in 26164 was $52,569, compared with $66,035 for West Virginia.
- How many people in 26164 get the earned income tax credit?
- 640 returns in 26164 (19.8%) 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