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ZIP Code 62571 Income and Tax Statistics

Tower Hill, IL. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
580
1,130 people on returns
Average adjusted gross income
$68,290
Illinois $96,774
Average salaries and wages
$53,807
Returns with wages
Average income tax
$8,238
Illinois $18,834

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99916027.6%
  • $25,000 to $49,99914024.1%
  • $50,000 to $74,99910017.2%
  • $75,000 to $99,9997012.1%
  • $100,000 to $199,9999015.5%
  • $200,000 or more203.4%

Income, credits and taxes in 62571

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages46079.3%$24.75M$53,807
Business or professional income7012.1%$387K$5,529
Net capital gains10017.2%$972K$9,720
Taxable pensions and annuities16027.6%$3.52M$22,000
Taxable Social Security benefits15025.9%$1.99M$13,247
Itemized deductions00.0%$0Not shown
Earned income tax credit9015.5%$192K$2,133
Refundable child tax credit7012.1%$107K$1,529
Income tax after credits42072.4%$3.46M$8,238
Refunds42072.4%$1.12M$2,664

Frequently asked questions

What is the average income in ZIP code 62571?
For tax year 2022, the average adjusted gross income on the 580 individual tax returns filed in 62571 was $68,290, compared with $96,774 for Illinois.
How many people in 62571 get the earned income tax credit?
90 returns in 62571 (15.5%) 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