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ZIP Code 40067 Income and Tax Statistics
Simpsonville, KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,740
- 5,310 people on returns
- Average adjusted gross income
- $131,764
- Kentucky $71,685
- Average salaries and wages
- $93,656
- Returns with wages
- Average income tax
- $26,103
- Kentucky $11,526
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99964023.4%
- $25,000 to $49,99950018.2%
- $50,000 to $74,99935012.8%
- $75,000 to $99,9992709.9%
- $100,000 to $199,99961022.3%
- $200,000 or more37013.5%
Income, credits and taxes in 40067
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 | 2,170 | 79.2% | $203M | $93,656 |
| Business or professional income | 530 | 19.3% | $14.47M | $27,302 |
| Net capital gains | 690 | 25.2% | $44.34M | $64,254 |
| Taxable pensions and annuities | 640 | 23.4% | $21.57M | $33,700 |
| Taxable Social Security benefits | 600 | 21.9% | $11.75M | $19,580 |
| Itemized deductions | 390 | 14.2% | $14.6M | $37,433 |
| Earned income tax credit | 210 | 7.7% | $498K | $2,371 |
| Refundable child tax credit | 200 | 7.3% | $417K | $2,085 |
| Income tax after credits | 2,130 | 77.7% | $55.6M | $26,103 |
| Refunds | 1,700 | 62.0% | $6.36M | $3,738 |
Frequently asked questions
- What is the average income in ZIP code 40067?
- For tax year 2022, the average adjusted gross income on the 2,740 individual tax returns filed in 40067 was $131,764, compared with $71,685 for Kentucky.
- How many people in 40067 get the earned income tax credit?
- 210 returns in 40067 (7.7%) 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