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ZIP Code 27976 Income and Tax Statistics
South Mills, NC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,760
- 3,770 people on returns
- Average adjusted gross income
- $80,827
- North Carolina $84,888
- Average salaries and wages
- $71,764
- Returns with wages
- Average income tax
- $9,605
- North Carolina $15,343
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99935019.9%
- $25,000 to $49,99933018.8%
- $50,000 to $74,99929016.5%
- $75,000 to $99,99922012.5%
- $100,000 to $199,99951029.0%
- $200,000 or more603.4%
Income, credits and taxes in 27976
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 | 1,510 | 85.8% | $108M | $71,764 |
| Business or professional income | 260 | 14.8% | $2.4M | $9,223 |
| Net capital gains | 270 | 15.3% | $2.79M | $10,333 |
| Taxable pensions and annuities | 540 | 30.7% | $18.31M | $33,906 |
| Taxable Social Security benefits | 310 | 17.6% | $4.89M | $15,771 |
| Itemized deductions | 120 | 6.8% | $3.64M | $30,342 |
| Earned income tax credit | 170 | 9.7% | $353K | $2,076 |
| Refundable child tax credit | 140 | 8.0% | $296K | $2,114 |
| Income tax after credits | 1,410 | 80.1% | $13.54M | $9,605 |
| Refunds | 1,220 | 69.3% | $3.25M | $2,666 |
Frequently asked questions
- What is the average income in ZIP code 27976?
- For tax year 2022, the average adjusted gross income on the 1,760 individual tax returns filed in 27976 was $80,827, compared with $84,888 for North Carolina.
- How many people in 27976 get the earned income tax credit?
- 170 returns in 27976 (9.7%) 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