Checked
ZIP Code 49318 Income and Tax Statistics
Casnovia, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 720
- 1,470 people on returns
- Average adjusted gross income
- $64,815
- Michigan $79,093
- Average salaries and wages
- $56,893
- Returns with wages
- Average income tax
- $8,672
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99919026.4%
- $25,000 to $49,99919026.4%
- $50,000 to $74,99912016.7%
- $75,000 to $99,9999012.5%
- $100,000 to $199,99911015.3%
- $200,000 or more202.8%
Income, credits and taxes in 49318
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 | 600 | 83.3% | $34.14M | $56,893 |
| Business or professional income | 90 | 12.5% | $875K | $9,722 |
| Net capital gains | 100 | 13.9% | $505K | $5,050 |
| Taxable pensions and annuities | 140 | 19.4% | $2.12M | $15,164 |
| Taxable Social Security benefits | 120 | 16.7% | $1.75M | $14,608 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 100 | 13.9% | $260K | $2,600 |
| Refundable child tax credit | 110 | 15.3% | $196K | $1,782 |
| Income tax after credits | 470 | 65.3% | $4.08M | $8,672 |
| Refunds | 530 | 73.6% | $1.47M | $2,768 |
Frequently asked questions
- What is the average income in ZIP code 49318?
- For tax year 2022, the average adjusted gross income on the 720 individual tax returns filed in 49318 was $64,815, compared with $79,093 for Michigan.
- How many people in 49318 get the earned income tax credit?
- 100 returns in 49318 (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