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ZIP Code 53820 Income and Tax Statistics
Potosi, WI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,220
- 2,260 people on returns
- Average adjusted gross income
- $75,686
- Wisconsin $83,505
- Average salaries and wages
- $64,625
- Returns with wages
- Average income tax
- $10,043
- Wisconsin $13,409
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99930024.6%
- $25,000 to $49,99927022.1%
- $50,000 to $74,99920016.4%
- $75,000 to $99,99917013.9%
- $100,000 to $199,99923018.9%
- $200,000 or more504.1%
Income, credits and taxes in 53820
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 | 970 | 79.5% | $62.69M | $64,625 |
| Business or professional income | 160 | 13.1% | $1.78M | $11,094 |
| Net capital gains | 280 | 23.0% | $6.7M | $23,921 |
| Taxable pensions and annuities | 340 | 27.9% | $6.9M | $20,291 |
| Taxable Social Security benefits | 290 | 23.8% | $4.56M | $15,721 |
| Itemized deductions | 40 | 3.3% | $1.58M | $39,450 |
| Earned income tax credit | 100 | 8.2% | $208K | $2,080 |
| Refundable child tax credit | 70 | 5.7% | $117K | $1,671 |
| Income tax after credits | 930 | 76.2% | $9.34M | $10,043 |
| Refunds | 830 | 68.0% | $2.19M | $2,640 |
Frequently asked questions
- What is the average income in ZIP code 53820?
- For tax year 2022, the average adjusted gross income on the 1,220 individual tax returns filed in 53820 was $75,686, compared with $83,505 for Wisconsin.
- How many people in 53820 get the earned income tax credit?
- 100 returns in 53820 (8.2%) 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