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ZIP Code 39776 Income and Tax Statistics
Woodland, MS. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 660
- 1,310 people on returns
- Average adjusted gross income
- $48,424
- Mississippi $64,251
- Average salaries and wages
- $40,355
- Returns with wages
- Average income tax
- $5,418
- Mississippi $10,565
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99924036.4%
- $25,000 to $49,99922033.3%
- $50,000 to $74,9999013.6%
- $75,000 to $99,999507.6%
- $100,000 to $199,999609.1%
- $200,000 or more00.0%
Income, credits and taxes in 39776
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 | 560 | 84.8% | $22.6M | $40,355 |
| Business or professional income | 140 | 21.2% | $296K | $2,114 |
| Net capital gains | 50 | 7.6% | $442K | $8,840 |
| Taxable pensions and annuities | 120 | 18.2% | $2.6M | $21,650 |
| Taxable Social Security benefits | 110 | 16.7% | $1.56M | $14,173 |
| Itemized deductions | 40 | 6.1% | $1.01M | $25,325 |
| Earned income tax credit | 200 | 30.3% | $607K | $3,035 |
| Refundable child tax credit | 140 | 21.2% | $268K | $1,914 |
| Income tax after credits | 380 | 57.6% | $2.06M | $5,418 |
| Refunds | 540 | 81.8% | $1.68M | $3,106 |
Frequently asked questions
- What is the average income in ZIP code 39776?
- For tax year 2022, the average adjusted gross income on the 660 individual tax returns filed in 39776 was $48,424, compared with $64,251 for Mississippi.
- How many people in 39776 get the earned income tax credit?
- 200 returns in 39776 (30.3%) 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