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ZIP Code 37375 Income and Tax Statistics
Sewanee, TN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,140
- 2,100 people on returns
- Average adjusted gross income
- $95,351
- Tennessee $83,755
- Average salaries and wages
- $68,272
- Returns with wages
- Average income tax
- $16,124
- Tennessee $15,247
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99928024.6%
- $25,000 to $49,99924021.1%
- $50,000 to $74,99917014.9%
- $75,000 to $99,99913011.4%
- $100,000 to $199,99922019.3%
- $200,000 or more1008.8%
Income, credits and taxes in 37375
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 | 790 | 69.3% | $53.94M | $68,272 |
| Business or professional income | 280 | 24.6% | $4.99M | $17,811 |
| Net capital gains | 360 | 31.6% | $7.26M | $20,167 |
| Taxable pensions and annuities | 340 | 29.8% | $11.78M | $34,641 |
| Taxable Social Security benefits | 310 | 27.2% | $6.55M | $21,123 |
| Itemized deductions | 80 | 7.0% | $3.59M | $44,850 |
| Earned income tax credit | 130 | 11.4% | $221K | $1,700 |
| Refundable child tax credit | 60 | 5.3% | $128K | $2,133 |
| Income tax after credits | 880 | 77.2% | $14.19M | $16,124 |
| Refunds | 720 | 63.2% | $2.18M | $3,025 |
Frequently asked questions
- What is the average income in ZIP code 37375?
- For tax year 2022, the average adjusted gross income on the 1,140 individual tax returns filed in 37375 was $95,351, compared with $83,755 for Tennessee.
- How many people in 37375 get the earned income tax credit?
- 130 returns in 37375 (11.4%) 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