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ZIP Code 27320 Income and Tax Statistics
Reidsville, NC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 16,910
- 31,870 people on returns
- Average adjusted gross income
- $56,984
- North Carolina $84,888
- Average salaries and wages
- $50,444
- Returns with wages
- Average income tax
- $7,138
- North Carolina $15,343
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9995,26031.1%
- $25,000 to $49,9994,87028.8%
- $50,000 to $74,9992,59015.3%
- $75,000 to $99,9991,6509.8%
- $100,000 to $199,9992,15012.7%
- $200,000 or more3902.3%
Income, credits and taxes in 27320
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 | 13,750 | 81.3% | $694M | $50,444 |
| Business or professional income | 2,590 | 15.3% | $24.07M | $9,294 |
| Net capital gains | 2,080 | 12.3% | $24.37M | $11,714 |
| Taxable pensions and annuities | 3,930 | 23.2% | $87.22M | $22,193 |
| Taxable Social Security benefits | 3,220 | 19.0% | $51.86M | $16,107 |
| Itemized deductions | 630 | 3.7% | $20.2M | $32,065 |
| Earned income tax credit | 3,570 | 21.1% | $9.2M | $2,576 |
| Refundable child tax credit | 2,590 | 15.3% | $4.68M | $1,808 |
| Income tax after credits | 11,470 | 67.8% | $81.88M | $7,138 |
| Refunds | 12,560 | 74.3% | $35.16M | $2,800 |
Frequently asked questions
- What is the average income in ZIP code 27320?
- For tax year 2022, the average adjusted gross income on the 16,910 individual tax returns filed in 27320 was $56,984, compared with $84,888 for North Carolina.
- How many people in 27320 get the earned income tax credit?
- 3,570 returns in 27320 (21.1%) 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