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ZIP Code 80818 Income and Tax Statistics
Genoa, CO. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 160
- 310 people on returns
- Average adjusted gross income
- $62,725
- Colorado $102,434
- Average salaries and wages
- $42,682
- Returns with wages
- Average income tax
- $7,618
- Colorado $18,761
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9995031.3%
- $25,000 to $49,9994025.0%
- $50,000 to $74,9994025.0%
- $75,000 to $99,99900.0%
- $100,000 to $199,9993018.8%
- $200,000 or more00.0%
Income, credits and taxes in 80818
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 | 110 | 68.8% | $4.7M | $42,682 |
| Business or professional income | 30 | 18.8% | $72K | $2,400 |
| Net capital gains | 30 | 18.8% | $1.32M | $43,967 |
| Taxable pensions and annuities | 0 | 0.0% | $0 | Not shown |
| Taxable Social Security benefits | 0 | 0.0% | $0 | Not shown |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 30 | 18.8% | $73K | $2,433 |
| Refundable child tax credit | 0 | 0.0% | $0 | Not shown |
| Income tax after credits | 110 | 68.8% | $838K | $7,618 |
| Refunds | 80 | 50.0% | $195K | $2,438 |
Frequently asked questions
- What is the average income in ZIP code 80818?
- For tax year 2022, the average adjusted gross income on the 160 individual tax returns filed in 80818 was $62,725, compared with $102,434 for Colorado.
- How many people in 80818 get the earned income tax credit?
- 30 returns in 80818 (18.8%) 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