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ZIP Code 38961 Income and Tax Statistics

Tillatoba, MS. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
430
840 people on returns
Average adjusted gross income
$46,216
Mississippi $64,251
Average salaries and wages
$44,940
Returns with wages
Average income tax
$5,037
Mississippi $10,565

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99915034.9%
  • $25,000 to $49,99913030.2%
  • $50,000 to $74,9997016.3%
  • $75,000 to $99,999409.3%
  • $100,000 to $199,999409.3%
  • $200,000 or more00.0%

Income, credits and taxes in 38961

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 wages35081.4%$15.73M$44,940
Business or professional income8018.6%$583K$7,288
Net capital gains00.0%$0Not shown
Taxable pensions and annuities8018.6%$1.54M$19,200
Taxable Social Security benefits7016.3%$916K$13,086
Itemized deductions00.0%$0Not shown
Earned income tax credit13030.2%$384K$2,954
Refundable child tax credit9020.9%$147K$1,633
Income tax after credits27062.8%$1.36M$5,037
Refunds33076.7%$996K$3,018

Frequently asked questions

What is the average income in ZIP code 38961?
For tax year 2022, the average adjusted gross income on the 430 individual tax returns filed in 38961 was $46,216, compared with $64,251 for Mississippi.
How many people in 38961 get the earned income tax credit?
130 returns in 38961 (30.2%) 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