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ZIP Code 62031 Income and Tax Statistics
Fieldon, IL. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 400
- 750 people on returns
- Average adjusted gross income
- $66,143
- Illinois $96,774
- Average salaries and wages
- $58,297
- Returns with wages
- Average income tax
- $7,313
- Illinois $18,834
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99910025.0%
- $25,000 to $49,9998020.0%
- $50,000 to $74,9998020.0%
- $75,000 to $99,9995012.5%
- $100,000 to $199,9999022.5%
- $200,000 or more00.0%
Income, credits and taxes in 62031
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 | 300 | 75.0% | $17.49M | $58,297 |
| Business or professional income | 40 | 10.0% | $403K | $10,075 |
| Net capital gains | 50 | 12.5% | $250K | $5,000 |
| Taxable pensions and annuities | 120 | 30.0% | $3.24M | $27,033 |
| Taxable Social Security benefits | 100 | 25.0% | $1.53M | $15,340 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 40 | 10.0% | $99K | $2,475 |
| Refundable child tax credit | 20 | 5.0% | $37K | $1,850 |
| Income tax after credits | 310 | 77.5% | $2.27M | $7,313 |
| Refunds | 290 | 72.5% | $780K | $2,690 |
Frequently asked questions
- What is the average income in ZIP code 62031?
- For tax year 2022, the average adjusted gross income on the 400 individual tax returns filed in 62031 was $66,143, compared with $96,774 for Illinois.
- How many people in 62031 get the earned income tax credit?
- 40 returns in 62031 (10.0%) 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