Checked
ZIP Code 62893 Income and Tax Statistics
Walnut Hill, IL. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 450
- 850 people on returns
- Average adjusted gross income
- $63,244
- Illinois $96,774
- Average salaries and wages
- $54,349
- Returns with wages
- Average income tax
- $7,435
- Illinois $18,834
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99913028.9%
- $25,000 to $49,9999020.0%
- $50,000 to $74,9998017.8%
- $75,000 to $99,9996013.3%
- $100,000 to $199,9999020.0%
- $200,000 or more00.0%
Income, credits and taxes in 62893
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 | 350 | 77.8% | $19.02M | $54,349 |
| Business or professional income | 60 | 13.3% | $738K | $12,300 |
| Net capital gains | 80 | 17.8% | $241K | $3,013 |
| Taxable pensions and annuities | 150 | 33.3% | $4.24M | $28,247 |
| Taxable Social Security benefits | 100 | 22.2% | $1.57M | $15,740 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 50 | 11.1% | $140K | $2,800 |
| Refundable child tax credit | 40 | 8.9% | $63K | $1,575 |
| Income tax after credits | 310 | 68.9% | $2.31M | $7,435 |
| Refunds | 330 | 73.3% | $793K | $2,403 |
Frequently asked questions
- What is the average income in ZIP code 62893?
- For tax year 2022, the average adjusted gross income on the 450 individual tax returns filed in 62893 was $63,244, compared with $96,774 for Illinois.
- How many people in 62893 get the earned income tax credit?
- 50 returns in 62893 (11.1%) 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