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ZIP Code 32008 Income and Tax Statistics
Branford, FL. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,420
- 4,730 people on returns
- Average adjusted gross income
- $58,702
- Florida $103,991
- Average salaries and wages
- $50,186
- Returns with wages
- Average income tax
- $7,695
- Florida $22,638
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99978032.2%
- $25,000 to $49,99965026.9%
- $50,000 to $74,99938015.7%
- $75,000 to $99,9992409.9%
- $100,000 to $199,99931012.8%
- $200,000 or more602.5%
Income, credits and taxes in 32008
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 | 1,890 | 78.1% | $94.85M | $50,186 |
| Business or professional income | 410 | 16.9% | $4.37M | $10,659 |
| Net capital gains | 330 | 13.6% | $8.78M | $26,606 |
| Taxable pensions and annuities | 560 | 23.1% | $15.73M | $28,096 |
| Taxable Social Security benefits | 500 | 20.7% | $7.52M | $15,034 |
| Itemized deductions | 70 | 2.9% | $2.38M | $34,071 |
| Earned income tax credit | 510 | 21.1% | $1.26M | $2,463 |
| Refundable child tax credit | 350 | 14.5% | $694K | $1,983 |
| Income tax after credits | 1,650 | 68.2% | $12.7M | $7,695 |
| Refunds | 1,810 | 74.8% | $5.39M | $2,977 |
Frequently asked questions
- What is the average income in ZIP code 32008?
- For tax year 2022, the average adjusted gross income on the 2,420 individual tax returns filed in 32008 was $58,702, compared with $103,991 for Florida.
- How many people in 32008 get the earned income tax credit?
- 510 returns in 32008 (21.1%) 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