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ZIP Code 38565 Income and Tax Statistics
Grimsley, TN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 530
- 1,080 people on returns
- Average adjusted gross income
- $57,149
- Tennessee $83,755
- Average salaries and wages
- $48,138
- Returns with wages
- Average income tax
- $7,121
- Tennessee $15,247
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99917032.1%
- $25,000 to $49,99914026.4%
- $50,000 to $74,9998015.1%
- $75,000 to $99,999509.4%
- $100,000 to $199,9999017.0%
- $200,000 or more00.0%
Income, credits and taxes in 38565
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 | 400 | 75.5% | $19.26M | $48,138 |
| Business or professional income | 110 | 20.8% | $1.89M | $17,164 |
| Net capital gains | 40 | 7.5% | $871K | $21,775 |
| Taxable pensions and annuities | 140 | 26.4% | $3.23M | $23,100 |
| Taxable Social Security benefits | 100 | 18.9% | $1.39M | $13,900 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 110 | 20.8% | $275K | $2,500 |
| Refundable child tax credit | 70 | 13.2% | $129K | $1,843 |
| Income tax after credits | 340 | 64.2% | $2.42M | $7,121 |
| Refunds | 400 | 75.5% | $1.09M | $2,730 |
Frequently asked questions
- What is the average income in ZIP code 38565?
- For tax year 2022, the average adjusted gross income on the 530 individual tax returns filed in 38565 was $57,149, compared with $83,755 for Tennessee.
- How many people in 38565 get the earned income tax credit?
- 110 returns in 38565 (20.8%) 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