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ZIP Code 48612 Income and Tax Statistics
Beaverton, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 4,290
- 7,880 people on returns
- Average adjusted gross income
- $60,848
- Michigan $79,093
- Average salaries and wages
- $53,964
- Returns with wages
- Average income tax
- $8,801
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,51035.2%
- $25,000 to $49,9991,00023.3%
- $50,000 to $74,99965015.2%
- $75,000 to $99,9994109.6%
- $100,000 to $199,99958013.5%
- $200,000 or more1403.3%
Income, credits and taxes in 48612
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 | 3,080 | 71.8% | $166M | $53,964 |
| Business or professional income | 570 | 13.3% | $7.37M | $12,933 |
| Net capital gains | 570 | 13.3% | $6.11M | $10,712 |
| Taxable pensions and annuities | 1,280 | 29.8% | $31.99M | $24,992 |
| Taxable Social Security benefits | 1,020 | 23.8% | $14.54M | $14,251 |
| Itemized deductions | 100 | 2.3% | $5.96M | $59,600 |
| Earned income tax credit | 610 | 14.2% | $1.42M | $2,331 |
| Refundable child tax credit | 400 | 9.3% | $696K | $1,740 |
| Income tax after credits | 2,850 | 66.4% | $25.08M | $8,801 |
| Refunds | 3,120 | 72.7% | $8.28M | $2,653 |
Frequently asked questions
- What is the average income in ZIP code 48612?
- For tax year 2022, the average adjusted gross income on the 4,290 individual tax returns filed in 48612 was $60,848, compared with $79,093 for Michigan.
- How many people in 48612 get the earned income tax credit?
- 610 returns in 48612 (14.2%) 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