The IRS each year provides certain income tax data based upon Zip Codes. They recently released the data for 2018.
There is quite a bit of information listed by the ZIP Code. For example, you can determine the following information:
- Number of returns filed (individual income tax returns),
- Number of single, joint or head of household returns,
- Total adjusted gross income (AGI) (you can calculate average gross income).
- The breakdown of each category based on average AGI:
- $1 - $25,000
- $25,000 to $50,000
- $50,000 to $75,000
- $75,000 to $100,000
- $100,000 to $200,000
- Over $200,000
- Details regarding each return such as wages, interest, dividends, social security income, pensions, etc.
The provide a interactive map of the US and once you click on a state it brings up an Excel file showing all of the details.
You may be interested in finding out how your Zip Code compares to others in your state.
We continue to release Ag Insight videos. Our most recent one:
How Fraud is affecting the EIDL loans. Rebecca Smith, our director of Cooperative Taxation leads this discussion and we also discuss some items related to cooperatives.
We will have several more coming out in the next few weeks.
