Tax Info by Zip Code
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 ones:
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.
Pork Industry: Finance Function Moving Forward. Eric Beenken discusses the demand side of the pork industry. We also discuss how the finance function can be forward thinking and embrace financial projections.
We will have several more coming out in the next few weeks.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
Comments are closed.