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ZIP Code 49012 Income and Tax Statistics
Augusta, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,790
- 3,280 people on returns
- Average adjusted gross income
- $90,658
- Michigan $79,093
- Average salaries and wages
- $75,402
- Returns with wages
- Average income tax
- $14,483
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99946025.7%
- $25,000 to $49,99935019.6%
- $50,000 to $74,99925014.0%
- $75,000 to $99,99918010.1%
- $100,000 to $199,99940022.3%
- $200,000 or more1508.4%
Income, credits and taxes in 49012
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 | 1,360 | 76.0% | $103M | $75,402 |
| Business or professional income | 260 | 14.5% | $3.72M | $14,304 |
| Net capital gains | 460 | 25.7% | $6.68M | $14,511 |
| Taxable pensions and annuities | 480 | 26.8% | $13.37M | $27,852 |
| Taxable Social Security benefits | 440 | 24.6% | $8.68M | $19,734 |
| Itemized deductions | 150 | 8.4% | $5.42M | $36,100 |
| Earned income tax credit | 160 | 8.9% | $283K | $1,769 |
| Refundable child tax credit | 90 | 5.0% | $178K | $1,978 |
| Income tax after credits | 1,390 | 77.7% | $20.13M | $14,483 |
| Refunds | 1,180 | 65.9% | $3.57M | $3,022 |
Frequently asked questions
- What is the average income in ZIP code 49012?
- For tax year 2022, the average adjusted gross income on the 1,790 individual tax returns filed in 49012 was $90,658, compared with $79,093 for Michigan.
- How many people in 49012 get the earned income tax credit?
- 160 returns in 49012 (8.9%) 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