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ZIP Code 56588 Income and Tax Statistics

Vining, MN. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
260
470 people on returns
Average adjusted gross income
$65,823
Minnesota $93,226
Average salaries and wages
$53,271
Returns with wages
Average income tax
$9,671
Minnesota $16,030

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9999034.6%
  • $25,000 to $49,9995019.2%
  • $50,000 to $74,9995019.2%
  • $75,000 to $99,999207.7%
  • $100,000 to $199,9995019.2%
  • $200,000 or more00.0%

Income, credits and taxes in 56588

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages17065.4%$9.06M$53,271
Business or professional income5019.2%$616K$12,320
Net capital gains7026.9%$436K$6,229
Taxable pensions and annuities9034.6%$2.07M$22,956
Taxable Social Security benefits8030.8%$1.32M$16,513
Itemized deductions00.0%$0Not shown
Earned income tax credit207.7%$43K$2,150
Refundable child tax credit00.0%$0Not shown
Income tax after credits17065.4%$1.64M$9,671
Refunds16061.5%$320K$2,000

Frequently asked questions

What is the average income in ZIP code 56588?
For tax year 2022, the average adjusted gross income on the 260 individual tax returns filed in 56588 was $65,823, compared with $93,226 for Minnesota.
How many people in 56588 get the earned income tax credit?
20 returns in 56588 (7.7%) 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