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ZIP Code 62549 Income and Tax Statistics
Mount Zion, IL. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,890
- 5,770 people on returns
- Average adjusted gross income
- $92,443
- Illinois $96,774
- Average salaries and wages
- $81,704
- Returns with wages
- Average income tax
- $14,025
- Illinois $18,834
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99966022.8%
- $25,000 to $49,99950017.3%
- $50,000 to $74,99940013.8%
- $75,000 to $99,99932011.1%
- $100,000 to $199,99978027.0%
- $200,000 or more2308.0%
Income, credits and taxes in 62549
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 | 2,300 | 79.6% | $188M | $81,704 |
| Business or professional income | 360 | 12.5% | $6.72M | $18,678 |
| Net capital gains | 630 | 21.8% | $5.59M | $8,868 |
| Taxable pensions and annuities | 780 | 27.0% | $24.64M | $31,586 |
| Taxable Social Security benefits | 620 | 21.5% | $12.02M | $19,389 |
| Itemized deductions | 140 | 4.8% | $4.51M | $32,221 |
| Earned income tax credit | 220 | 7.6% | $543K | $2,468 |
| Refundable child tax credit | 200 | 6.9% | $370K | $1,850 |
| Income tax after credits | 2,240 | 77.5% | $31.42M | $14,025 |
| Refunds | 2,010 | 69.6% | $5.91M | $2,938 |
Frequently asked questions
- What is the average income in ZIP code 62549?
- For tax year 2022, the average adjusted gross income on the 2,890 individual tax returns filed in 62549 was $92,443, compared with $96,774 for Illinois.
- How many people in 62549 get the earned income tax credit?
- 220 returns in 62549 (7.6%) 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