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ZIP Code 28748 Income and Tax Statistics
Canton, NC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 5,970
- 11,120 people on returns
- Average adjusted gross income
- $62,355
- North Carolina $84,888
- Average salaries and wages
- $54,562
- Returns with wages
- Average income tax
- $8,069
- North Carolina $15,343
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,74029.1%
- $25,000 to $49,9991,63027.3%
- $50,000 to $74,99999016.6%
- $75,000 to $99,9995809.7%
- $100,000 to $199,99984014.1%
- $200,000 or more1903.2%
Income, credits and taxes in 28748
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 | 4,710 | 78.9% | $257M | $54,562 |
| Business or professional income | 1,270 | 21.3% | $16.89M | $13,300 |
| Net capital gains | 840 | 14.1% | $12M | $14,290 |
| Taxable pensions and annuities | 1,220 | 20.4% | $30M | $24,593 |
| Taxable Social Security benefits | 1,040 | 17.4% | $16.55M | $15,914 |
| Itemized deductions | 290 | 4.9% | $10.63M | $36,648 |
| Earned income tax credit | 1,000 | 16.8% | $2.3M | $2,300 |
| Refundable child tax credit | 720 | 12.1% | $1.42M | $1,969 |
| Income tax after credits | 4,230 | 70.9% | $34.13M | $8,069 |
| Refunds | 4,160 | 69.7% | $10.82M | $2,600 |
Frequently asked questions
- What is the average income in ZIP code 28748?
- For tax year 2022, the average adjusted gross income on the 5,970 individual tax returns filed in 28748 was $62,355, compared with $84,888 for North Carolina.
- How many people in 28748 get the earned income tax credit?
- 1,000 returns in 28748 (16.8%) 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