Where Does Your Income Fit?

February 16, 2023

The IRS processed more than 164 million individual income tax returns for tax year 2020 (most recent full-year data). Almost three out of five returns showed an adjusted gross income (AGI) under $50,000, while a little over 1% showed an AGI of $500,000 or more.

income-level-percentages

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

Gold gift box with ribbon and bow on sparkling surface. Bokeh background.
By TFC Team November 24, 2025
Holiday Tipping Etiquette guide to who to tip, how much, and cash vs gifts, so you thank caregivers, staff, and service pros with confidence this season.
Person holding phone with
By TFC Team November 24, 2025
Strategies for Smarter Giving from Thornapple Financial Center explain QCDs, bunching deductions, and tax-smart donations to help you give more with confidence.
A calculator with a graduation cap. A person leans against a pencil.
By TFC Team November 24, 2025
Law changes coming related to monthly repayment plans per the One Big Beautiful Bill Act. The amount of time a borrower has to repay now depends on the loan balance.
Older man holding glasses, looking out a window. He is wearing a blue shirt and white undershirt. Natural light floods the space.
By TFC Team November 24, 2025
Review a survey of financial capability conducted every three years found a substantial decline in many key measures from 2021 to 2024, a period of high inflation.
Show More