Checked
ZIP Code 59701 Income and Tax Statistics
Walkerville, MT. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 16,210
- 27,770 people on returns
- Average adjusted gross income
- $67,092
- Montana $83,708
- Average salaries and wages
- $53,953
- Returns with wages
- Average income tax
- $9,788
- Montana $14,061
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994,94030.5%
- $25,000 to $49,9994,18025.8%
- $50,000 to $74,9992,46015.2%
- $75,000 to $99,9991,5809.7%
- $100,000 to $199,9992,40014.8%
- $200,000 or more6504.0%
Income, credits and taxes in 59701
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 | 13,250 | 81.7% | $715M | $53,953 |
| Business or professional income | 2,000 | 12.3% | $26.12M | $13,059 |
| Net capital gains | 2,810 | 17.3% | $47.71M | $16,979 |
| Taxable pensions and annuities | 3,750 | 23.1% | $102M | $27,111 |
| Taxable Social Security benefits | 3,000 | 18.5% | $50.75M | $16,915 |
| Itemized deductions | 860 | 5.3% | $28.95M | $33,662 |
| Earned income tax credit | 2,320 | 14.3% | $4.79M | $2,066 |
| Refundable child tax credit | 1,500 | 9.3% | $2.77M | $1,849 |
| Income tax after credits | 11,700 | 72.2% | $115M | $9,788 |
| Refunds | 11,650 | 71.9% | $27.91M | $2,396 |
Frequently asked questions
- What is the average income in ZIP code 59701?
- For tax year 2022, the average adjusted gross income on the 16,210 individual tax returns filed in 59701 was $67,092, compared with $83,708 for Montana.
- How many people in 59701 get the earned income tax credit?
- 2,320 returns in 59701 (14.3%) 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