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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.

ItemReturnsShare of returnsTotalAverage
Salaries and wages90083.3%$64M$71,110
Business or professional income23021.3%$3.63M$15,791
Net capital gains13012.0%$1.99M$15,277
Taxable pensions and annuities24022.2%$5.83M$24,275
Taxable Social Security benefits19017.6%$3.4M$17,905
Itemized deductions908.3%$4.67M$51,933
Earned income tax credit14013.0%$350K$2,500
Refundable child tax credit13012.0%$240K$1,846
Income tax after credits81075.0%$10.9M$13,452
Refunds78072.2%$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