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ZIP Code 38929 Income and Tax Statistics
Slate Springs, MS. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 520
- 950 people on returns
- Average adjusted gross income
- $47,713
- Mississippi $64,251
- Average salaries and wages
- $41,121
- Returns with wages
- Average income tax
- $6,197
- Mississippi $10,565
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99918034.6%
- $25,000 to $49,99917032.7%
- $50,000 to $74,9998015.4%
- $75,000 to $99,999407.7%
- $100,000 to $199,999509.6%
- $200,000 or more00.0%
Income, credits and taxes in 38929
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 | 430 | 82.7% | $17.68M | $41,121 |
| Business or professional income | 70 | 13.5% | $173K | $2,471 |
| Net capital gains | 20 | 3.8% | $96K | $4,800 |
| Taxable pensions and annuities | 120 | 23.1% | $2.19M | $18,225 |
| Taxable Social Security benefits | 100 | 19.2% | $1.2M | $12,010 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 140 | 26.9% | $390K | $2,786 |
| Refundable child tax credit | 90 | 17.3% | $159K | $1,767 |
| Income tax after credits | 310 | 59.6% | $1.92M | $6,197 |
| Refunds | 390 | 75.0% | $1.21M | $3,103 |
Frequently asked questions
- What is the average income in ZIP code 38929?
- For tax year 2022, the average adjusted gross income on the 520 individual tax returns filed in 38929 was $47,713, compared with $64,251 for Mississippi.
- How many people in 38929 get the earned income tax credit?
- 140 returns in 38929 (26.9%) 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