Checked
ZIP Code 27265 Income and Tax Statistics
High Point, NC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 24,960
- 46,810 people on returns
- Average adjusted gross income
- $76,103
- North Carolina $84,888
- Average salaries and wages
- $66,852
- Returns with wages
- Average income tax
- $11,674
- North Carolina $15,343
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9996,44025.8%
- $25,000 to $49,9996,30025.2%
- $50,000 to $74,9994,05016.2%
- $75,000 to $99,9992,55010.2%
- $100,000 to $199,9994,26017.1%
- $200,000 or more1,3605.4%
Income, credits and taxes in 27265
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 | 20,860 | 83.6% | $1.39B | $66,852 |
| Business or professional income | 4,810 | 19.3% | $57.94M | $12,046 |
| Net capital gains | 4,310 | 17.3% | $56.02M | $12,998 |
| Taxable pensions and annuities | 4,780 | 19.2% | $111M | $23,260 |
| Taxable Social Security benefits | 3,940 | 15.8% | $70.49M | $17,891 |
| Itemized deductions | 1,910 | 7.7% | $62.96M | $32,963 |
| Earned income tax credit | 3,800 | 15.2% | $9.23M | $2,429 |
| Refundable child tax credit | 2,770 | 11.1% | $5.28M | $1,906 |
| Income tax after credits | 18,430 | 73.8% | $215M | $11,674 |
| Refunds | 16,870 | 67.6% | $50.23M | $2,977 |
Frequently asked questions
- What is the average income in ZIP code 27265?
- For tax year 2022, the average adjusted gross income on the 24,960 individual tax returns filed in 27265 was $76,103, compared with $84,888 for North Carolina.
- How many people in 27265 get the earned income tax credit?
- 3,800 returns in 27265 (15.2%) 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