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ZIP Code 29512 Income and Tax Statistics
Bennettsville, SC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 6,520
- 12,080 people on returns
- Average adjusted gross income
- $42,096
- South Carolina $78,283
- Average salaries and wages
- $36,335
- Returns with wages
- Average income tax
- $5,690
- South Carolina $13,696
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9992,72041.7%
- $25,000 to $49,9992,15033.0%
- $50,000 to $74,99984012.9%
- $75,000 to $99,9993605.5%
- $100,000 to $199,9993805.8%
- $200,000 or more701.1%
Income, credits and taxes in 29512
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 | 5,690 | 87.3% | $207M | $36,335 |
| Business or professional income | 890 | 13.7% | $7.02M | $7,884 |
| Net capital gains | 310 | 4.8% | $5.38M | $17,358 |
| Taxable pensions and annuities | 1,330 | 20.4% | $25.24M | $18,977 |
| Taxable Social Security benefits | 790 | 12.1% | $11.22M | $14,200 |
| Itemized deductions | 200 | 3.1% | $6.29M | $31,465 |
| Earned income tax credit | 2,250 | 34.5% | $6.45M | $2,868 |
| Refundable child tax credit | 1,580 | 24.2% | $2.69M | $1,701 |
| Income tax after credits | 3,550 | 54.4% | $20.2M | $5,690 |
| Refunds | 5,100 | 78.2% | $15.42M | $3,024 |
Frequently asked questions
- What is the average income in ZIP code 29512?
- For tax year 2022, the average adjusted gross income on the 6,520 individual tax returns filed in 29512 was $42,096, compared with $78,283 for South Carolina.
- How many people in 29512 get the earned income tax credit?
- 2,250 returns in 29512 (34.5%) 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