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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.

ItemReturnsShare of returnsTotalAverage
Salaries and wages2,17079.2%$203M$93,656
Business or professional income53019.3%$14.47M$27,302
Net capital gains69025.2%$44.34M$64,254
Taxable pensions and annuities64023.4%$21.57M$33,700
Taxable Social Security benefits60021.9%$11.75M$19,580
Itemized deductions39014.2%$14.6M$37,433
Earned income tax credit2107.7%$498K$2,371
Refundable child tax credit2007.3%$417K$2,085
Income tax after credits2,13077.7%$55.6M$26,103
Refunds1,70062.0%$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