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ZIP Code 38233 Income and Tax Statistics
Kenton, TN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,040
- 2,020 people on returns
- Average adjusted gross income
- $56,077
- Tennessee $83,755
- Average salaries and wages
- $47,490
- Returns with wages
- Average income tax
- $6,574
- Tennessee $15,247
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99932030.8%
- $25,000 to $49,99929027.9%
- $50,000 to $74,99918017.3%
- $75,000 to $99,99911010.6%
- $100,000 to $199,99912011.5%
- $200,000 or more201.9%
Income, credits and taxes in 38233
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 | 860 | 82.7% | $40.84M | $47,490 |
| Business or professional income | 150 | 14.4% | $1.13M | $7,513 |
| Net capital gains | 100 | 9.6% | $1.43M | $14,260 |
| Taxable pensions and annuities | 230 | 22.1% | $4.21M | $18,291 |
| Taxable Social Security benefits | 200 | 19.2% | $2.64M | $13,205 |
| Itemized deductions | 20 | 1.9% | $659K | $32,950 |
| Earned income tax credit | 200 | 19.2% | $464K | $2,320 |
| Refundable child tax credit | 140 | 13.5% | $243K | $1,736 |
| Income tax after credits | 700 | 67.3% | $4.6M | $6,574 |
| Refunds | 780 | 75.0% | $2.17M | $2,782 |
Frequently asked questions
- What is the average income in ZIP code 38233?
- For tax year 2022, the average adjusted gross income on the 1,040 individual tax returns filed in 38233 was $56,077, compared with $83,755 for Tennessee.
- How many people in 38233 get the earned income tax credit?
- 200 returns in 38233 (19.2%) 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