Checked
ZIP Code 60046 Income and Tax Statistics
Lake Villa, IL. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 17,450
- 33,220 people on returns
- Average adjusted gross income
- $99,567
- Illinois $96,774
- Average salaries and wages
- $90,598
- Returns with wages
- Average income tax
- $16,410
- Illinois $18,834
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,94022.6%
- $25,000 to $49,9992,95016.9%
- $50,000 to $74,9992,36013.5%
- $75,000 to $99,9991,93011.1%
- $100,000 to $199,9994,31024.7%
- $200,000 or more1,96011.2%
Income, credits and taxes in 60046
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 | 14,620 | 83.8% | $1.32B | $90,598 |
| Business or professional income | 2,520 | 14.4% | $32.47M | $12,884 |
| Net capital gains | 4,110 | 23.6% | $41.18M | $10,019 |
| Taxable pensions and annuities | 3,760 | 21.5% | $130M | $34,480 |
| Taxable Social Security benefits | 2,750 | 15.8% | $53.01M | $19,275 |
| Itemized deductions | 1,860 | 10.7% | $51.95M | $27,931 |
| Earned income tax credit | 1,300 | 7.4% | $2.94M | $2,259 |
| Refundable child tax credit | 1,020 | 5.8% | $1.82M | $1,784 |
| Income tax after credits | 13,700 | 78.5% | $225M | $16,410 |
| Refunds | 11,820 | 67.7% | $33.05M | $2,796 |
Frequently asked questions
- What is the average income in ZIP code 60046?
- For tax year 2022, the average adjusted gross income on the 17,450 individual tax returns filed in 60046 was $99,567, compared with $96,774 for Illinois.
- How many people in 60046 get the earned income tax credit?
- 1,300 returns in 60046 (7.4%) 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