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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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 350 | 81.4% | $15.73M | $44,940 |
| Business or professional income | 80 | 18.6% | $583K | $7,288 |
| Net capital gains | 0 | 0.0% | $0 | Not shown |
| Taxable pensions and annuities | 80 | 18.6% | $1.54M | $19,200 |
| Taxable Social Security benefits | 70 | 16.3% | $916K | $13,086 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 130 | 30.2% | $384K | $2,954 |
| Refundable child tax credit | 90 | 20.9% | $147K | $1,633 |
| Income tax after credits | 270 | 62.8% | $1.36M | $5,037 |
| Refunds | 330 | 76.7% | $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