Checked
ZIP Code 74964 Income and Tax Statistics
Chance, OK. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 950
- 1,900 people on returns
- Average adjusted gross income
- $47,765
- Oklahoma $75,162
- Average salaries and wages
- $40,826
- Returns with wages
- Average income tax
- $6,579
- Oklahoma $12,691
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99935036.8%
- $25,000 to $49,99931032.6%
- $50,000 to $74,99914014.7%
- $75,000 to $99,999808.4%
- $100,000 to $199,999707.4%
- $200,000 or more00.0%
Income, credits and taxes in 74964
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 | 800 | 84.2% | $32.66M | $40,826 |
| Business or professional income | 160 | 16.8% | $1.34M | $8,363 |
| Net capital gains | 50 | 5.3% | $587K | $11,740 |
| Taxable pensions and annuities | 160 | 16.8% | $2.41M | $15,050 |
| Taxable Social Security benefits | 110 | 11.6% | $1.33M | $12,045 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 250 | 26.3% | $642K | $2,568 |
| Refundable child tax credit | 170 | 17.9% | $314K | $1,847 |
| Income tax after credits | 580 | 61.1% | $3.82M | $6,579 |
| Refunds | 700 | 73.7% | $1.97M | $2,809 |
Frequently asked questions
- What is the average income in ZIP code 74964?
- For tax year 2022, the average adjusted gross income on the 950 individual tax returns filed in 74964 was $47,765, compared with $75,162 for Oklahoma.
- How many people in 74964 get the earned income tax credit?
- 250 returns in 74964 (26.3%) 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