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ZIP Code 95341 Income and Tax Statistics
Merced, CA. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 13,300
- 30,040 people on returns
- Average adjusted gross income
- $44,646
- California $110,196
- Average salaries and wages
- $41,277
- Returns with wages
- Average income tax
- $5,078
- California $22,930
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994,93037.1%
- $25,000 to $49,9994,32032.5%
- $50,000 to $74,9992,09015.7%
- $75,000 to $99,9991,0007.5%
- $100,000 to $199,9998506.4%
- $200,000 or more1100.8%
Income, credits and taxes in 95341
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 | 11,940 | 89.8% | $493M | $41,277 |
| Business or professional income | 1,800 | 13.5% | $18.85M | $10,471 |
| Net capital gains | 630 | 4.7% | $12.26M | $19,456 |
| Taxable pensions and annuities | 1,230 | 9.2% | $27.9M | $22,681 |
| Taxable Social Security benefits | 800 | 6.0% | $10.56M | $13,199 |
| Itemized deductions | 510 | 3.8% | $15.21M | $29,831 |
| Earned income tax credit | 4,030 | 30.3% | $10.94M | $2,715 |
| Refundable child tax credit | 3,750 | 28.2% | $7.47M | $1,993 |
| Income tax after credits | 7,280 | 54.7% | $36.97M | $5,078 |
| Refunds | 10,440 | 78.5% | $32.13M | $3,078 |
Frequently asked questions
- What is the average income in ZIP code 95341?
- For tax year 2022, the average adjusted gross income on the 13,300 individual tax returns filed in 95341 was $44,646, compared with $110,196 for California.
- How many people in 95341 get the earned income tax credit?
- 4,030 returns in 95341 (30.3%) 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