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ZIP Code 48722 Income and Tax Statistics
Bridgeport, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,650
- 2,850 people on returns
- Average adjusted gross income
- $54,374
- Michigan $79,093
- Average salaries and wages
- $50,314
- Returns with wages
- Average income tax
- $6,261
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99953032.1%
- $25,000 to $49,99942025.5%
- $50,000 to $74,99930018.2%
- $75,000 to $99,99917010.3%
- $100,000 to $199,99920012.1%
- $200,000 or more301.8%
Income, credits and taxes in 48722
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 | 1,250 | 75.8% | $62.89M | $50,314 |
| Business or professional income | 210 | 12.7% | $1.92M | $9,129 |
| Net capital gains | 230 | 13.9% | $680K | $2,957 |
| Taxable pensions and annuities | 510 | 30.9% | $11.69M | $22,914 |
| Taxable Social Security benefits | 420 | 25.5% | $5.43M | $12,926 |
| Itemized deductions | 50 | 3.0% | $1.61M | $32,100 |
| Earned income tax credit | 230 | 13.9% | $535K | $2,326 |
| Refundable child tax credit | 160 | 9.7% | $284K | $1,775 |
| Income tax after credits | 1,170 | 70.9% | $7.33M | $6,261 |
| Refunds | 1,210 | 73.3% | $2.97M | $2,452 |
Frequently asked questions
- What is the average income in ZIP code 48722?
- For tax year 2022, the average adjusted gross income on the 1,650 individual tax returns filed in 48722 was $54,374, compared with $79,093 for Michigan.
- How many people in 48722 get the earned income tax credit?
- 230 returns in 48722 (13.9%) 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