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ZIP Code 87743 Income and Tax Statistics
Mosquero, NM. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 140
- 290 people on returns
- Average adjusted gross income
- $53,736
- New Mexico $67,703
- Average salaries and wages
- $47,090
- Returns with wages
- Average income tax
- $5,130
- New Mexico $11,200
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994028.6%
- $25,000 to $49,9995035.7%
- $50,000 to $74,9992014.3%
- $75,000 to $99,9993021.4%
- $100,000 to $199,99900.0%
- $200,000 or more00.0%
Income, credits and taxes in 87743
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 | 100 | 71.4% | $4.71M | $47,090 |
| Business or professional income | 30 | 21.4% | -$119K | -$3,967 |
| Net capital gains | 20 | 14.3% | $33K | $1,650 |
| Taxable pensions and annuities | 50 | 35.7% | $1.48M | $29,640 |
| Taxable Social Security benefits | 40 | 28.6% | $520K | $13,000 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 20 | 14.3% | $41K | $2,050 |
| Refundable child tax credit | 0 | 0.0% | $0 | Not shown |
| Income tax after credits | 100 | 71.4% | $513K | $5,130 |
| Refunds | 100 | 71.4% | $314K | $3,140 |
Frequently asked questions
- What is the average income in ZIP code 87743?
- For tax year 2022, the average adjusted gross income on the 140 individual tax returns filed in 87743 was $53,736, compared with $67,703 for New Mexico.
- How many people in 87743 get the earned income tax credit?
- 20 returns in 87743 (14.3%) 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