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ZIP Code 48329 Income and Tax Statistics
Village of Clarkston, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 13,200
- 22,390 people on returns
- Average adjusted gross income
- $87,224
- Michigan $79,093
- Average salaries and wages
- $72,586
- Returns with wages
- Average income tax
- $12,627
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,30025.0%
- $25,000 to $49,9992,85021.6%
- $50,000 to $74,9992,09015.8%
- $75,000 to $99,9991,60012.1%
- $100,000 to $199,9992,62019.8%
- $200,000 or more7405.6%
Income, credits and taxes in 48329
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 | 10,300 | 78.0% | $748M | $72,586 |
| Business or professional income | 1,960 | 14.8% | $26.91M | $13,731 |
| Net capital gains | 2,710 | 20.5% | $22.15M | $8,175 |
| Taxable pensions and annuities | 3,260 | 24.7% | $83.67M | $25,666 |
| Taxable Social Security benefits | 2,810 | 21.3% | $49.9M | $17,757 |
| Itemized deductions | 940 | 7.1% | $40.63M | $43,223 |
| Earned income tax credit | 1,160 | 8.8% | $2.27M | $1,959 |
| Refundable child tax credit | 760 | 5.8% | $1.34M | $1,764 |
| Income tax after credits | 10,240 | 77.6% | $129M | $12,627 |
| Refunds | 9,110 | 69.0% | $22.81M | $2,504 |
Frequently asked questions
- What is the average income in ZIP code 48329?
- For tax year 2022, the average adjusted gross income on the 13,200 individual tax returns filed in 48329 was $87,224, compared with $79,093 for Michigan.
- How many people in 48329 get the earned income tax credit?
- 1,160 returns in 48329 (8.8%) 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