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ZIP Code 48438 Income and Tax Statistics
Goodrich, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 3,550
- 6,860 people on returns
- Average adjusted gross income
- $99,091
- Michigan $79,093
- Average salaries and wages
- $86,199
- Returns with wages
- Average income tax
- $16,242
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99990025.4%
- $25,000 to $49,99957016.1%
- $50,000 to $74,99946013.0%
- $75,000 to $99,99938010.7%
- $100,000 to $199,99990025.4%
- $200,000 or more3409.6%
Income, credits and taxes in 48438
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 | 2,790 | 78.6% | $240M | $86,199 |
| Business or professional income | 560 | 15.8% | $7.81M | $13,948 |
| Net capital gains | 790 | 22.3% | $8.77M | $11,100 |
| Taxable pensions and annuities | 950 | 26.8% | $26.83M | $28,243 |
| Taxable Social Security benefits | 750 | 21.1% | $14.29M | $19,059 |
| Itemized deductions | 280 | 7.9% | $10.44M | $37,282 |
| Earned income tax credit | 220 | 6.2% | $413K | $1,877 |
| Refundable child tax credit | 160 | 4.5% | $309K | $1,931 |
| Income tax after credits | 2,780 | 78.3% | $45.15M | $16,242 |
| Refunds | 2,450 | 69.0% | $7.19M | $2,934 |
Frequently asked questions
- What is the average income in ZIP code 48438?
- For tax year 2022, the average adjusted gross income on the 3,550 individual tax returns filed in 48438 was $99,091, compared with $79,093 for Michigan.
- How many people in 48438 get the earned income tax credit?
- 220 returns in 48438 (6.2%) 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