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ZIP Code 49066 Income and Tax Statistics

Colon, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
330
640 people on returns
Average adjusted gross income
$49,267
Michigan $79,093
Average salaries and wages
$50,840
Returns with wages
Average income tax
$4,991
Michigan $13,917

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99910030.3%
  • $25,000 to $49,9999027.3%
  • $50,000 to $74,9996018.2%
  • $75,000 to $99,9994012.1%
  • $100,000 to $199,9994012.1%
  • $200,000 or more00.0%

Income, credits and taxes in 49066

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 wages25075.8%$12.71M$50,840
Business or professional income5015.2%$410K$8,200
Net capital gains206.1%$75K$3,750
Taxable pensions and annuities7021.2%$1.38M$19,700
Taxable Social Security benefits5015.2%$709K$14,180
Itemized deductions00.0%$0Not shown
Earned income tax credit5015.2%$115K$2,300
Refundable child tax credit4012.1%$83K$2,075
Income tax after credits22066.7%$1.1M$4,991
Refunds24072.7%$641K$2,671

Frequently asked questions

What is the average income in ZIP code 49066?
For tax year 2022, the average adjusted gross income on the 330 individual tax returns filed in 49066 was $49,267, compared with $79,093 for Michigan.
How many people in 49066 get the earned income tax credit?
50 returns in 49066 (15.2%) 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