Checked
ZIP Code 48432 Income and Tax Statistics
Kinde, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 320
- 600 people on returns
- Average adjusted gross income
- $52,306
- Michigan $79,093
- Average salaries and wages
- $46,332
- Returns with wages
- Average income tax
- $5,705
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99910031.3%
- $25,000 to $49,9998025.0%
- $50,000 to $74,9996018.8%
- $75,000 to $99,9994012.5%
- $100,000 to $199,9994012.5%
- $200,000 or more00.0%
Income, credits and taxes in 48432
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 | 220 | 68.8% | $10.19M | $46,332 |
| Business or professional income | 40 | 12.5% | $202K | $5,050 |
| Net capital gains | 60 | 18.8% | $291K | $4,850 |
| Taxable pensions and annuities | 70 | 21.9% | $1.24M | $17,771 |
| Taxable Social Security benefits | 80 | 25.0% | $1.24M | $15,450 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 50 | 15.6% | $96K | $1,920 |
| Refundable child tax credit | 30 | 9.4% | $59K | $1,967 |
| Income tax after credits | 210 | 65.6% | $1.2M | $5,705 |
| Refunds | 210 | 65.6% | $504K | $2,400 |
Frequently asked questions
- What is the average income in ZIP code 48432?
- For tax year 2022, the average adjusted gross income on the 320 individual tax returns filed in 48432 was $52,306, compared with $79,093 for Michigan.
- How many people in 48432 get the earned income tax credit?
- 50 returns in 48432 (15.6%) 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