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ZIP Code 49908 Income and Tax Statistics
Baraga, MI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,060
- 1,910 people on returns
- Average adjusted gross income
- $56,794
- Michigan $79,093
- Average salaries and wages
- $45,864
- Returns with wages
- Average income tax
- $8,016
- Michigan $13,917
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99937034.9%
- $25,000 to $49,99930028.3%
- $50,000 to $74,99917016.0%
- $75,000 to $99,9991009.4%
- $100,000 to $199,9991009.4%
- $200,000 or more201.9%
Income, credits and taxes in 49908
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 | 850 | 80.2% | $38.98M | $45,864 |
| Business or professional income | 110 | 10.4% | $1.26M | $11,500 |
| Net capital gains | 120 | 11.3% | $1.4M | $11,692 |
| Taxable pensions and annuities | 290 | 27.4% | $6.39M | $22,017 |
| Taxable Social Security benefits | 200 | 18.9% | $2.77M | $13,835 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 190 | 17.9% | $429K | $2,258 |
| Refundable child tax credit | 140 | 13.2% | $244K | $1,743 |
| Income tax after credits | 700 | 66.0% | $5.61M | $8,016 |
| Refunds | 750 | 70.8% | $1.87M | $2,487 |
Frequently asked questions
- What is the average income in ZIP code 49908?
- For tax year 2022, the average adjusted gross income on the 1,060 individual tax returns filed in 49908 was $56,794, compared with $79,093 for Michigan.
- How many people in 49908 get the earned income tax credit?
- 190 returns in 49908 (17.9%) 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