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ZIP Code 80840 Income and Tax Statistics
Air Force Academy, CO. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,030
- 2,190 people on returns
- Average adjusted gross income
- $50,999
- Colorado $102,434
- Average salaries and wages
- $45,714
- Returns with wages
- Average income tax
- $5,121
- Colorado $18,761
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99944042.7%
- $25,000 to $49,99923022.3%
- $50,000 to $74,99915014.6%
- $75,000 to $99,999706.8%
- $100,000 to $199,99912011.7%
- $200,000 or more201.9%
Income, credits and taxes in 80840
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 | 1,000 | 97.1% | $45.71M | $45,714 |
| Business or professional income | 80 | 7.8% | $213K | $2,663 |
| Net capital gains | 170 | 16.5% | $425K | $2,500 |
| Taxable pensions and annuities | 100 | 9.7% | $3.57M | $35,720 |
| Taxable Social Security benefits | 40 | 3.9% | $655K | $16,375 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 170 | 16.5% | $387K | $2,276 |
| Refundable child tax credit | 190 | 18.4% | $404K | $2,126 |
| Income tax after credits | 680 | 66.0% | $3.48M | $5,121 |
| Refunds | 850 | 82.5% | $2.43M | $2,862 |
Frequently asked questions
- What is the average income in ZIP code 80840?
- For tax year 2022, the average adjusted gross income on the 1,030 individual tax returns filed in 80840 was $50,999, compared with $102,434 for Colorado.
- How many people in 80840 get the earned income tax credit?
- 170 returns in 80840 (16.5%) 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