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ZIP Code 72117 Income and Tax Statistics

McAlmont, AR. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
6,030
11,280 people on returns
Average adjusted gross income
$47,665
Arkansas $75,282
Average salaries and wages
$40,904
Returns with wages
Average income tax
$8,259
Arkansas $12,815

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9992,37039.3%
  • $25,000 to $49,9992,03033.7%
  • $50,000 to $74,99984013.9%
  • $75,000 to $99,9993906.5%
  • $100,000 to $199,9993505.8%
  • $200,000 or more500.8%

Income, credits and taxes in 72117

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 wages5,25087.1%$215M$40,904
Business or professional income1,26020.9%$4.74M$3,764
Net capital gains2704.5%$6.38M$23,622
Taxable pensions and annuities96015.9%$18.18M$18,943
Taxable Social Security benefits62010.3%$7.99M$12,879
Itemized deductions2804.6%$9.32M$33,296
Earned income tax credit2,07034.3%$6.16M$2,975
Refundable child tax credit1,55025.7%$2.97M$1,916
Income tax after credits3,38056.1%$27.92M$8,259
Refunds4,87080.8%$17.09M$3,508

Frequently asked questions

What is the average income in ZIP code 72117?
For tax year 2022, the average adjusted gross income on the 6,030 individual tax returns filed in 72117 was $47,665, compared with $75,282 for Arkansas.
How many people in 72117 get the earned income tax credit?
2,070 returns in 72117 (34.3%) 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