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ZIP Code 62056 Income and Tax Statistics
Litchfield, IL. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 3,870
- 7,210 people on returns
- Average adjusted gross income
- $66,560
- Illinois $96,774
- Average salaries and wages
- $53,690
- Returns with wages
- Average income tax
- $9,152
- Illinois $18,834
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9991,15029.7%
- $25,000 to $49,99997025.1%
- $50,000 to $74,99958015.0%
- $75,000 to $99,99940010.3%
- $100,000 to $199,99960015.5%
- $200,000 or more1704.4%
Income, credits and taxes in 62056
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 | 3,120 | 80.6% | $168M | $53,690 |
| Business or professional income | 440 | 11.4% | $7.34M | $16,689 |
| Net capital gains | 660 | 17.1% | $6.74M | $10,217 |
| Taxable pensions and annuities | 990 | 25.6% | $29.82M | $30,117 |
| Taxable Social Security benefits | 810 | 20.9% | $12.78M | $15,772 |
| Itemized deductions | 140 | 3.6% | $4.53M | $32,329 |
| Earned income tax credit | 610 | 15.8% | $1.49M | $2,441 |
| Refundable child tax credit | 460 | 11.9% | $885K | $1,924 |
| Income tax after credits | 2,740 | 70.8% | $25.08M | $9,152 |
| Refunds | 2,830 | 73.1% | $7.82M | $2,764 |
Frequently asked questions
- What is the average income in ZIP code 62056?
- For tax year 2022, the average adjusted gross income on the 3,870 individual tax returns filed in 62056 was $66,560, compared with $96,774 for Illinois.
- How many people in 62056 get the earned income tax credit?
- 610 returns in 62056 (15.8%) 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