Checked
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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 5,250 | 87.1% | $215M | $40,904 |
| Business or professional income | 1,260 | 20.9% | $4.74M | $3,764 |
| Net capital gains | 270 | 4.5% | $6.38M | $23,622 |
| Taxable pensions and annuities | 960 | 15.9% | $18.18M | $18,943 |
| Taxable Social Security benefits | 620 | 10.3% | $7.99M | $12,879 |
| Itemized deductions | 280 | 4.6% | $9.32M | $33,296 |
| Earned income tax credit | 2,070 | 34.3% | $6.16M | $2,975 |
| Refundable child tax credit | 1,550 | 25.7% | $2.97M | $1,916 |
| Income tax after credits | 3,380 | 56.1% | $27.92M | $8,259 |
| Refunds | 4,870 | 80.8% | $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