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ZIP Code 50107 Income and Tax Statistics
Grand Junction, IA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 420
- 790 people on returns
- Average adjusted gross income
- $64,088
- Iowa $83,195
- Average salaries and wages
- $53,211
- Returns with wages
- Average income tax
- $7,138
- Iowa $12,679
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99910023.8%
- $25,000 to $49,99910023.8%
- $50,000 to $74,9998019.0%
- $75,000 to $99,9996014.3%
- $100,000 to $199,9998019.0%
- $200,000 or more00.0%
Income, credits and taxes in 50107
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 | 360 | 85.7% | $19.16M | $53,211 |
| Business or professional income | 80 | 19.0% | $373K | $4,663 |
| Net capital gains | 60 | 14.3% | $457K | $7,617 |
| Taxable pensions and annuities | 80 | 19.0% | $1.36M | $16,938 |
| Taxable Social Security benefits | 80 | 19.0% | $1.31M | $16,388 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 60 | 14.3% | $171K | $2,850 |
| Refundable child tax credit | 50 | 11.9% | $96K | $1,920 |
| Income tax after credits | 320 | 76.2% | $2.28M | $7,138 |
| Refunds | 280 | 66.7% | $777K | $2,775 |
Frequently asked questions
- What is the average income in ZIP code 50107?
- For tax year 2022, the average adjusted gross income on the 420 individual tax returns filed in 50107 was $64,088, compared with $83,195 for Iowa.
- How many people in 50107 get the earned income tax credit?
- 60 returns in 50107 (14.3%) 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