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ZIP Code 39140 Income and Tax Statistics
New Hebron, MS. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 890
- 1,750 people on returns
- Average adjusted gross income
- $49,873
- Mississippi $64,251
- Average salaries and wages
- $49,700
- Returns with wages
- Average income tax
- $5,887
- Mississippi $10,565
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99932036.0%
- $25,000 to $49,99927030.3%
- $50,000 to $74,99912013.5%
- $75,000 to $99,999707.9%
- $100,000 to $199,99911012.4%
- $200,000 or more00.0%
Income, credits and taxes in 39140
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 | 700 | 78.7% | $34.79M | $49,700 |
| Business or professional income | 200 | 22.5% | $794K | $3,970 |
| Net capital gains | 60 | 6.7% | $619K | $10,317 |
| Taxable pensions and annuities | 210 | 23.6% | $5.1M | $24,262 |
| Taxable Social Security benefits | 180 | 20.2% | $2.17M | $12,083 |
| Itemized deductions | 50 | 5.6% | $1.67M | $33,420 |
| Earned income tax credit | 250 | 28.1% | $800K | $3,200 |
| Refundable child tax credit | 200 | 22.5% | $336K | $1,680 |
| Income tax after credits | 550 | 61.8% | $3.24M | $5,887 |
| Refunds | 660 | 74.2% | $2.17M | $3,291 |
Frequently asked questions
- What is the average income in ZIP code 39140?
- For tax year 2022, the average adjusted gross income on the 890 individual tax returns filed in 39140 was $49,873, compared with $64,251 for Mississippi.
- How many people in 39140 get the earned income tax credit?
- 250 returns in 39140 (28.1%) 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