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ZIP Code 29929 Income and Tax Statistics
Islandton, SC. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 450
- 860 people on returns
- Average adjusted gross income
- $49,327
- South Carolina $78,283
- Average salaries and wages
- $47,250
- Returns with wages
- Average income tax
- $4,778
- South Carolina $13,696
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99915033.3%
- $25,000 to $49,99913028.9%
- $50,000 to $74,9997015.6%
- $75,000 to $99,999408.9%
- $100,000 to $199,9996013.3%
- $200,000 or more00.0%
Income, credits and taxes in 29929
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 | 380 | 84.4% | $17.95M | $47,250 |
| Business or professional income | 90 | 20.0% | $398K | $4,422 |
| Net capital gains | 30 | 6.7% | $88K | $2,933 |
| Taxable pensions and annuities | 110 | 24.4% | $2.03M | $18,482 |
| Taxable Social Security benefits | 80 | 17.8% | $998K | $12,475 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 100 | 22.2% | $273K | $2,730 |
| Refundable child tax credit | 70 | 15.6% | $133K | $1,900 |
| Income tax after credits | 320 | 71.1% | $1.53M | $4,778 |
| Refunds | 350 | 77.8% | $858K | $2,451 |
Frequently asked questions
- What is the average income in ZIP code 29929?
- For tax year 2022, the average adjusted gross income on the 450 individual tax returns filed in 29929 was $49,327, compared with $78,283 for South Carolina.
- How many people in 29929 get the earned income tax credit?
- 100 returns in 29929 (22.2%) 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