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ZIP Code 37323 Income and Tax Statistics
Wildwood Lake, TN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 14,290
- 28,500 people on returns
- Average adjusted gross income
- $57,621
- Tennessee $83,755
- Average salaries and wages
- $53,208
- Returns with wages
- Average income tax
- $6,752
- Tennessee $15,247
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994,16029.1%
- $25,000 to $49,9994,03028.2%
- $50,000 to $74,9992,40016.8%
- $75,000 to $99,9991,51010.6%
- $100,000 to $199,9991,90013.3%
- $200,000 or more2902.0%
Income, credits and taxes in 37323
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 | 12,060 | 84.4% | $642M | $53,208 |
| Business or professional income | 2,370 | 16.6% | $31.9M | $13,458 |
| Net capital gains | 1,320 | 9.2% | $22.08M | $16,730 |
| Taxable pensions and annuities | 2,690 | 18.8% | $56.76M | $21,101 |
| Taxable Social Security benefits | 2,080 | 14.6% | $30.78M | $14,800 |
| Itemized deductions | 350 | 2.4% | $13.24M | $37,831 |
| Earned income tax credit | 2,680 | 18.8% | $6.56M | $2,449 |
| Refundable child tax credit | 2,040 | 14.3% | $4M | $1,961 |
| Income tax after credits | 9,830 | 68.8% | $66.37M | $6,752 |
| Refunds | 10,970 | 76.8% | $30.66M | $2,795 |
Frequently asked questions
- What is the average income in ZIP code 37323?
- For tax year 2022, the average adjusted gross income on the 14,290 individual tax returns filed in 37323 was $57,621, compared with $83,755 for Tennessee.
- How many people in 37323 get the earned income tax credit?
- 2,680 returns in 37323 (18.8%) 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