Checked
ZIP Code 48729 Income and Tax Statistics
Kingston, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 690
- 1,380 people on returns
- Average adjusted gross income
- $51,301
- Michigan $79,093
- Average salaries and wages
- $48,676
- Returns with wages
- Average income tax
- $5,387
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99923033.3%
- $25,000 to $49,99920029.0%
- $50,000 to $74,99910014.5%
- $75,000 to $99,999608.7%
- $100,000 to $199,99910014.5%
- $200,000 or more00.0%
Income, credits and taxes in 48729
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 | 510 | 73.9% | $24.83M | $48,676 |
| Business or professional income | 110 | 15.9% | $1.09M | $9,873 |
| Net capital gains | 60 | 8.7% | $512K | $8,533 |
| Taxable pensions and annuities | 160 | 23.2% | $2.99M | $18,663 |
| Taxable Social Security benefits | 130 | 18.8% | $1.76M | $13,546 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 100 | 14.5% | $223K | $2,230 |
| Refundable child tax credit | 70 | 10.1% | $114K | $1,629 |
| Income tax after credits | 460 | 66.7% | $2.48M | $5,387 |
| Refunds | 520 | 75.4% | $1.2M | $2,310 |
Frequently asked questions
- What is the average income in ZIP code 48729?
- For tax year 2022, the average adjusted gross income on the 690 individual tax returns filed in 48729 was $51,301, compared with $79,093 for Michigan.
- How many people in 48729 get the earned income tax credit?
- 100 returns in 48729 (14.5%) 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