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ZIP Code 37708 Income and Tax Statistics
Bean Station, TN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,920
- 5,630 people on returns
- Average adjusted gross income
- $56,244
- Tennessee $83,755
- Average salaries and wages
- $49,823
- Returns with wages
- Average income tax
- $6,963
- Tennessee $15,247
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,00034.2%
- $25,000 to $49,99975025.7%
- $50,000 to $74,99949016.8%
- $75,000 to $99,9992709.2%
- $100,000 to $199,99934011.6%
- $200,000 or more702.4%
Income, credits and taxes in 37708
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 | 2,360 | 80.8% | $118M | $49,823 |
| Business or professional income | 480 | 16.4% | $6.35M | $13,231 |
| Net capital gains | 260 | 8.9% | $4.77M | $18,335 |
| Taxable pensions and annuities | 660 | 22.6% | $15.51M | $23,492 |
| Taxable Social Security benefits | 540 | 18.5% | $7.78M | $14,415 |
| Itemized deductions | 60 | 2.1% | $2.03M | $33,833 |
| Earned income tax credit | 570 | 19.5% | $1.34M | $2,354 |
| Refundable child tax credit | 390 | 13.4% | $685K | $1,756 |
| Income tax after credits | 2,010 | 68.8% | $14M | $6,963 |
| Refunds | 2,240 | 76.7% | $6.14M | $2,742 |
Frequently asked questions
- What is the average income in ZIP code 37708?
- For tax year 2022, the average adjusted gross income on the 2,920 individual tax returns filed in 37708 was $56,244, compared with $83,755 for Tennessee.
- How many people in 37708 get the earned income tax credit?
- 570 returns in 37708 (19.5%) 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