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ZIP Code 56763 Income and Tax Statistics
Warroad, MN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,520
- 4,630 people on returns
- Average adjusted gross income
- $71,502
- Minnesota $93,226
- Average salaries and wages
- $57,351
- Returns with wages
- Average income tax
- $10,198
- Minnesota $16,030
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99970027.8%
- $25,000 to $49,99954021.4%
- $50,000 to $74,99952020.6%
- $75,000 to $99,99928011.1%
- $100,000 to $199,99939015.5%
- $200,000 or more903.6%
Income, credits and taxes in 56763
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 | 2,220 | 88.1% | $127M | $57,351 |
| Business or professional income | 310 | 12.3% | $2.35M | $7,594 |
| Net capital gains | 350 | 13.9% | $13.05M | $37,297 |
| Taxable pensions and annuities | 440 | 17.5% | $10.79M | $24,520 |
| Taxable Social Security benefits | 420 | 16.7% | $6.76M | $16,093 |
| Itemized deductions | 100 | 4.0% | $5.13M | $51,250 |
| Earned income tax credit | 320 | 12.7% | $791K | $2,472 |
| Refundable child tax credit | 260 | 10.3% | $483K | $1,858 |
| Income tax after credits | 1,800 | 71.4% | $18.36M | $10,198 |
| Refunds | 1,810 | 71.8% | $5.27M | $2,912 |
Frequently asked questions
- What is the average income in ZIP code 56763?
- For tax year 2022, the average adjusted gross income on the 2,520 individual tax returns filed in 56763 was $71,502, compared with $93,226 for Minnesota.
- How many people in 56763 get the earned income tax credit?
- 320 returns in 56763 (12.7%) 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