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ZIP Code 27295 Income and Tax Statistics
Welcome, NC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 18,600
- 35,930 people on returns
- Average adjusted gross income
- $67,013
- North Carolina $84,888
- Average salaries and wages
- $59,543
- Returns with wages
- Average income tax
- $9,074
- North Carolina $15,343
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9995,02027.0%
- $25,000 to $49,9995,00026.9%
- $50,000 to $74,9993,02016.2%
- $75,000 to $99,9991,92010.3%
- $100,000 to $199,9993,02016.2%
- $200,000 or more6203.3%
Income, credits and taxes in 27295
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 | 15,530 | 83.5% | $925M | $59,543 |
| Business or professional income | 2,980 | 16.0% | $32.28M | $10,834 |
| Net capital gains | 2,480 | 13.3% | $46.18M | $18,620 |
| Taxable pensions and annuities | 3,990 | 21.5% | $81.91M | $20,529 |
| Taxable Social Security benefits | 3,110 | 16.7% | $50.2M | $16,142 |
| Itemized deductions | 750 | 4.0% | $26.18M | $34,907 |
| Earned income tax credit | 2,990 | 16.1% | $7.28M | $2,435 |
| Refundable child tax credit | 2,280 | 12.3% | $4.19M | $1,838 |
| Income tax after credits | 13,380 | 71.9% | $121M | $9,074 |
| Refunds | 13,380 | 71.9% | $35.43M | $2,648 |
Frequently asked questions
- What is the average income in ZIP code 27295?
- For tax year 2022, the average adjusted gross income on the 18,600 individual tax returns filed in 27295 was $67,013, compared with $84,888 for North Carolina.
- How many people in 27295 get the earned income tax credit?
- 2,990 returns in 27295 (16.1%) 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