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ZIP Code 51232 Income and Tax Statistics
Ashton, IA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 370
- 720 people on returns
- Average adjusted gross income
- $69,297
- Iowa $83,195
- Average salaries and wages
- $52,194
- Returns with wages
- Average income tax
- $6,911
- Iowa $12,679
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9998021.6%
- $25,000 to $49,9999024.3%
- $50,000 to $74,9996016.2%
- $75,000 to $99,9996016.2%
- $100,000 to $199,9998021.6%
- $200,000 or more00.0%
Income, credits and taxes in 51232
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 | 330 | 89.2% | $17.22M | $52,194 |
| Business or professional income | 50 | 13.5% | $219K | $4,380 |
| Net capital gains | 80 | 21.6% | $734K | $9,175 |
| Taxable pensions and annuities | 50 | 13.5% | $532K | $10,640 |
| Taxable Social Security benefits | 70 | 18.9% | $1.04M | $14,886 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 60 | 16.2% | $129K | $2,150 |
| Refundable child tax credit | 40 | 10.8% | $80K | $2,000 |
| Income tax after credits | 270 | 73.0% | $1.87M | $6,911 |
| Refunds | 250 | 67.6% | $629K | $2,516 |
Frequently asked questions
- What is the average income in ZIP code 51232?
- For tax year 2022, the average adjusted gross income on the 370 individual tax returns filed in 51232 was $69,297, compared with $83,195 for Iowa.
- How many people in 51232 get the earned income tax credit?
- 60 returns in 51232 (16.2%) 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