Checked
ZIP Code 48060 Income and Tax Statistics
Port Huron, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 18,050
- 31,440 people on returns
- Average adjusted gross income
- $48,769
- Michigan $79,093
- Average salaries and wages
- $44,900
- Returns with wages
- Average income tax
- $6,657
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9996,97038.6%
- $25,000 to $49,9995,18028.7%
- $50,000 to $74,9992,59014.3%
- $75,000 to $99,9991,3807.6%
- $100,000 to $199,9991,6309.0%
- $200,000 or more3001.7%
Income, credits and taxes in 48060
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 | 14,330 | 79.4% | $643M | $44,900 |
| Business or professional income | 2,380 | 13.2% | $23.29M | $9,784 |
| Net capital gains | 2,010 | 11.1% | $20.31M | $10,102 |
| Taxable pensions and annuities | 3,650 | 20.2% | $80.09M | $21,944 |
| Taxable Social Security benefits | 2,810 | 15.6% | $43.1M | $15,338 |
| Itemized deductions | 440 | 2.4% | $14.86M | $33,782 |
| Earned income tax credit | 4,020 | 22.3% | $10.21M | $2,540 |
| Refundable child tax credit | 2,740 | 15.2% | $4.94M | $1,802 |
| Income tax after credits | 11,310 | 62.7% | $75.29M | $6,657 |
| Refunds | 13,800 | 76.5% | $37.51M | $2,718 |
Frequently asked questions
- What is the average income in ZIP code 48060?
- For tax year 2022, the average adjusted gross income on the 18,050 individual tax returns filed in 48060 was $48,769, compared with $79,093 for Michigan.
- How many people in 48060 get the earned income tax credit?
- 4,020 returns in 48060 (22.3%) 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