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ZIP Code 36701 Income and Tax Statistics
Valley Grande, AL. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 8,060
- 15,410 people on returns
- Average adjusted gross income
- $49,203
- Alabama $75,055
- Average salaries and wages
- $42,171
- Returns with wages
- Average income tax
- $8,128
- Alabama $12,766
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,57044.3%
- $25,000 to $49,9992,12026.3%
- $50,000 to $74,9991,00012.4%
- $75,000 to $99,9995206.5%
- $100,000 to $199,9996808.4%
- $200,000 or more1702.1%
Income, credits and taxes in 36701
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 | 6,870 | 85.2% | $290M | $42,171 |
| Business or professional income | 1,840 | 22.8% | $3.58M | $1,944 |
| Net capital gains | 620 | 7.7% | $7.8M | $12,581 |
| Taxable pensions and annuities | 1,540 | 19.1% | $34.81M | $22,605 |
| Taxable Social Security benefits | 1,250 | 15.5% | $19.62M | $15,698 |
| Itemized deductions | 430 | 5.3% | $16M | $37,216 |
| Earned income tax credit | 3,010 | 37.3% | $10.45M | $3,473 |
| Refundable child tax credit | 2,100 | 26.1% | $3.7M | $1,760 |
| Income tax after credits | 4,250 | 52.7% | $34.54M | $8,128 |
| Refunds | 6,380 | 79.2% | $24.74M | $3,878 |
Frequently asked questions
- What is the average income in ZIP code 36701?
- For tax year 2022, the average adjusted gross income on the 8,060 individual tax returns filed in 36701 was $49,203, compared with $75,055 for Alabama.
- How many people in 36701 get the earned income tax credit?
- 3,010 returns in 36701 (37.3%) 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