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ZIP Code 52340 Income and Tax Statistics
Tiffin, IA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 3,130
- 6,000 people on returns
- Average adjusted gross income
- $90,213
- Iowa $83,195
- Average salaries and wages
- $78,666
- Returns with wages
- Average income tax
- $12,093
- Iowa $12,679
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99954017.3%
- $25,000 to $49,99967021.4%
- $50,000 to $74,99951016.3%
- $75,000 to $99,99939012.5%
- $100,000 to $199,99978024.9%
- $200,000 or more2407.7%
Income, credits and taxes in 52340
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 | 2,820 | 90.1% | $222M | $78,666 |
| Business or professional income | 500 | 16.0% | $6.93M | $13,852 |
| Net capital gains | 640 | 20.4% | $6.76M | $10,558 |
| Taxable pensions and annuities | 540 | 17.3% | $13.62M | $25,220 |
| Taxable Social Security benefits | 360 | 11.5% | $7.31M | $20,306 |
| Itemized deductions | 250 | 8.0% | $8.37M | $33,472 |
| Earned income tax credit | 210 | 6.7% | $478K | $2,276 |
| Refundable child tax credit | 190 | 6.1% | $374K | $1,968 |
| Income tax after credits | 2,610 | 83.4% | $31.56M | $12,093 |
| Refunds | 2,200 | 70.3% | $6.01M | $2,731 |
Frequently asked questions
- What is the average income in ZIP code 52340?
- For tax year 2022, the average adjusted gross income on the 3,130 individual tax returns filed in 52340 was $90,213, compared with $83,195 for Iowa.
- How many people in 52340 get the earned income tax credit?
- 210 returns in 52340 (6.7%) 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