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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.

ItemReturnsShare of returnsTotalAverage
Salaries and wages3,08071.8%$166M$53,964
Business or professional income57013.3%$7.37M$12,933
Net capital gains57013.3%$6.11M$10,712
Taxable pensions and annuities1,28029.8%$31.99M$24,992
Taxable Social Security benefits1,02023.8%$14.54M$14,251
Itemized deductions1002.3%$5.96M$59,600
Earned income tax credit61014.2%$1.42M$2,331
Refundable child tax credit4009.3%$696K$1,740
Income tax after credits2,85066.4%$25.08M$8,801
Refunds3,12072.7%$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