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ZIP Code 70532 Income and Tax Statistics

Elton, LA. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
1,110
2,240 people on returns
Average adjusted gross income
$47,707
Louisiana $73,375
Average salaries and wages
$45,112
Returns with wages
Average income tax
$5,927
Louisiana $13,724

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99941036.9%
  • $25,000 to $49,99932028.8%
  • $50,000 to $74,99917015.3%
  • $75,000 to $99,999807.2%
  • $100,000 to $199,99913011.7%
  • $200,000 or more00.0%

Income, credits and taxes in 70532

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 wages92082.9%$41.5M$45,112
Business or professional income19017.1%$206K$1,084
Net capital gains1009.0%$42K$420
Taxable pensions and annuities20018.0%$4.94M$24,685
Taxable Social Security benefits13011.7%$1.44M$11,092
Itemized deductions403.6%$1.38M$34,575
Earned income tax credit32028.8%$937K$2,928
Refundable child tax credit26023.4%$443K$1,704
Income tax after credits64057.7%$3.79M$5,927
Refunds83074.8%$2.88M$3,467

Frequently asked questions

What is the average income in ZIP code 70532?
For tax year 2022, the average adjusted gross income on the 1,110 individual tax returns filed in 70532 was $47,707, compared with $73,375 for Louisiana.
How many people in 70532 get the earned income tax credit?
320 returns in 70532 (28.8%) 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