Checked
ZIP Code 26525 Income and Tax Statistics
Bruceton Mills, WV. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,580
- 4,990 people on returns
- Average adjusted gross income
- $69,253
- West Virginia $66,035
- Average salaries and wages
- $64,723
- Returns with wages
- Average income tax
- $9,104
- West Virginia $9,999
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99968026.4%
- $25,000 to $49,99958022.5%
- $50,000 to $74,99940015.5%
- $75,000 to $99,99930011.6%
- $100,000 to $199,99952020.2%
- $200,000 or more1003.9%
Income, credits and taxes in 26525
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 | 2,050 | 79.5% | $133M | $64,723 |
| Business or professional income | 410 | 15.9% | $5.52M | $13,454 |
| Net capital gains | 340 | 13.2% | $2.55M | $7,488 |
| Taxable pensions and annuities | 670 | 26.0% | $16.74M | $24,991 |
| Taxable Social Security benefits | 530 | 20.5% | $8.05M | $15,194 |
| Itemized deductions | 90 | 3.5% | $2.63M | $29,222 |
| Earned income tax credit | 320 | 12.4% | $661K | $2,066 |
| Refundable child tax credit | 220 | 8.5% | $407K | $1,850 |
| Income tax after credits | 1,870 | 72.5% | $17.02M | $9,104 |
| Refunds | 1,900 | 73.6% | $5.29M | $2,786 |
Frequently asked questions
- What is the average income in ZIP code 26525?
- For tax year 2022, the average adjusted gross income on the 2,580 individual tax returns filed in 26525 was $69,253, compared with $66,035 for West Virginia.
- How many people in 26525 get the earned income tax credit?
- 320 returns in 26525 (12.4%) 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