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ZIP Code 38641 Income and Tax Statistics
Walls, MS. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,080
- 2,240 people on returns
- Average adjusted gross income
- $87,627
- Mississippi $64,251
- Average salaries and wages
- $71,110
- Returns with wages
- Average income tax
- $13,452
- Mississippi $10,565
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99925023.1%
- $25,000 to $49,99924022.2%
- $50,000 to $74,99918016.7%
- $75,000 to $99,99913012.0%
- $100,000 to $199,99923021.3%
- $200,000 or more504.6%
Income, credits and taxes in 38641
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 | 900 | 83.3% | $64M | $71,110 |
| Business or professional income | 230 | 21.3% | $3.63M | $15,791 |
| Net capital gains | 130 | 12.0% | $1.99M | $15,277 |
| Taxable pensions and annuities | 240 | 22.2% | $5.83M | $24,275 |
| Taxable Social Security benefits | 190 | 17.6% | $3.4M | $17,905 |
| Itemized deductions | 90 | 8.3% | $4.67M | $51,933 |
| Earned income tax credit | 140 | 13.0% | $350K | $2,500 |
| Refundable child tax credit | 130 | 12.0% | $240K | $1,846 |
| Income tax after credits | 810 | 75.0% | $10.9M | $13,452 |
| Refunds | 780 | 72.2% | $2.8M | $3,591 |
Frequently asked questions
- What is the average income in ZIP code 38641?
- For tax year 2022, the average adjusted gross income on the 1,080 individual tax returns filed in 38641 was $87,627, compared with $64,251 for Mississippi.
- How many people in 38641 get the earned income tax credit?
- 140 returns in 38641 (13.0%) 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