Checked
ZIP Code 49655 Income and Tax Statistics
Le Roy, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,510
- 2,960 people on returns
- Average adjusted gross income
- $67,517
- Michigan $79,093
- Average salaries and wages
- $55,337
- Returns with wages
- Average income tax
- $11,350
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99948031.8%
- $25,000 to $49,99937024.5%
- $50,000 to $74,99926017.2%
- $75,000 to $99,9991409.3%
- $100,000 to $199,99922014.6%
- $200,000 or more402.6%
Income, credits and taxes in 49655
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 | 1,100 | 72.8% | $60.87M | $55,337 |
| Business or professional income | 290 | 19.2% | $6.19M | $21,348 |
| Net capital gains | 190 | 12.6% | $1.48M | $7,795 |
| Taxable pensions and annuities | 390 | 25.8% | $9.86M | $25,285 |
| Taxable Social Security benefits | 320 | 21.2% | $4.95M | $15,456 |
| Itemized deductions | 20 | 1.3% | $782K | $39,100 |
| Earned income tax credit | 220 | 14.6% | $507K | $2,305 |
| Refundable child tax credit | 170 | 11.3% | $306K | $1,800 |
| Income tax after credits | 1,000 | 66.2% | $11.35M | $11,350 |
| Refunds | 1,050 | 69.5% | $2.8M | $2,666 |
Frequently asked questions
- What is the average income in ZIP code 49655?
- For tax year 2022, the average adjusted gross income on the 1,510 individual tax returns filed in 49655 was $67,517, compared with $79,093 for Michigan.
- How many people in 49655 get the earned income tax credit?
- 220 returns in 49655 (14.6%) 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