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ZIP Code 54729 Income and Tax Statistics
Chippewa Falls, WI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 17,390
- 31,280 people on returns
- Average adjusted gross income
- $75,939
- Wisconsin $83,505
- Average salaries and wages
- $62,998
- Returns with wages
- Average income tax
- $10,540
- Wisconsin $13,409
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994,35025.0%
- $25,000 to $49,9994,12023.7%
- $50,000 to $74,9992,91016.7%
- $75,000 to $99,9992,01011.6%
- $100,000 to $199,9993,22018.5%
- $200,000 or more7804.5%
Income, credits and taxes in 54729
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 | 14,100 | 81.1% | $888M | $62,998 |
| Business or professional income | 2,140 | 12.3% | $35.95M | $16,799 |
| Net capital gains | 3,710 | 21.3% | $66.41M | $17,899 |
| Taxable pensions and annuities | 3,880 | 22.3% | $93.49M | $24,095 |
| Taxable Social Security benefits | 3,510 | 20.2% | $58.92M | $16,786 |
| Itemized deductions | 790 | 4.5% | $27.29M | $34,543 |
| Earned income tax credit | 1,650 | 9.5% | $3.32M | $2,014 |
| Refundable child tax credit | 1,150 | 6.6% | $2.17M | $1,890 |
| Income tax after credits | 13,350 | 76.8% | $141M | $10,540 |
| Refunds | 12,220 | 70.3% | $31.45M | $2,574 |
Frequently asked questions
- What is the average income in ZIP code 54729?
- For tax year 2022, the average adjusted gross income on the 17,390 individual tax returns filed in 54729 was $75,939, compared with $83,505 for Wisconsin.
- How many people in 54729 get the earned income tax credit?
- 1,650 returns in 54729 (9.5%) 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