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ZIP Code 83522 Income and Tax Statistics
Cottonwood, ID. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 870
- 1,890 people on returns
- Average adjusted gross income
- $74,228
- Idaho $85,717
- Average salaries and wages
- $53,643
- Returns with wages
- Average income tax
- $9,119
- Idaho $13,967
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99922025.3%
- $25,000 to $49,99920023.0%
- $50,000 to $74,99914016.1%
- $75,000 to $99,99912013.8%
- $100,000 to $199,99915017.2%
- $200,000 or more404.6%
Income, credits and taxes in 83522
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 | 700 | 80.5% | $37.55M | $53,643 |
| Business or professional income | 140 | 16.1% | $1.38M | $9,864 |
| Net capital gains | 260 | 29.9% | $5.26M | $20,242 |
| Taxable pensions and annuities | 180 | 20.7% | $4.63M | $25,722 |
| Taxable Social Security benefits | 200 | 23.0% | $2.96M | $14,815 |
| Itemized deductions | 30 | 3.4% | $1.56M | $52,100 |
| Earned income tax credit | 110 | 12.6% | $263K | $2,391 |
| Refundable child tax credit | 80 | 9.2% | $246K | $3,075 |
| Income tax after credits | 630 | 72.4% | $5.75M | $9,119 |
| Refunds | 560 | 64.4% | $1.9M | $3,388 |
Frequently asked questions
- What is the average income in ZIP code 83522?
- For tax year 2022, the average adjusted gross income on the 870 individual tax returns filed in 83522 was $74,228, compared with $85,717 for Idaho.
- How many people in 83522 get the earned income tax credit?
- 110 returns in 83522 (12.6%) 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