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ZIP Code 27401 Income and Tax Statistics
Greensboro, NC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 7,460
- 12,450 people on returns
- Average adjusted gross income
- $59,090
- North Carolina $84,888
- Average salaries and wages
- $43,257
- Returns with wages
- Average income tax
- $12,229
- North Carolina $15,343
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,17042.5%
- $25,000 to $49,9992,34031.4%
- $50,000 to $74,99988011.8%
- $75,000 to $99,9993805.1%
- $100,000 to $199,9994405.9%
- $200,000 or more2503.4%
Income, credits and taxes in 27401
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 | 6,450 | 86.5% | $279M | $43,257 |
| Business or professional income | 1,510 | 20.2% | $16.12M | $10,678 |
| Net capital gains | 740 | 9.9% | $32.33M | $43,686 |
| Taxable pensions and annuities | 930 | 12.5% | $17.24M | $18,532 |
| Taxable Social Security benefits | 690 | 9.2% | $10.73M | $15,548 |
| Itemized deductions | 340 | 4.6% | $14.26M | $41,941 |
| Earned income tax credit | 2,350 | 31.5% | $6.32M | $2,691 |
| Refundable child tax credit | 1,570 | 21.0% | $2.76M | $1,759 |
| Income tax after credits | 4,330 | 58.0% | $52.95M | $12,229 |
| Refunds | 5,760 | 77.2% | $18.35M | $3,186 |
Frequently asked questions
- What is the average income in ZIP code 27401?
- For tax year 2022, the average adjusted gross income on the 7,460 individual tax returns filed in 27401 was $59,090, compared with $84,888 for North Carolina.
- How many people in 27401 get the earned income tax credit?
- 2,350 returns in 27401 (31.5%) 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