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ZIP Code 40107 Income and Tax Statistics
Boston, KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 990
- 1,940 people on returns
- Average adjusted gross income
- $67,288
- Kentucky $71,685
- Average salaries and wages
- $61,292
- Returns with wages
- Average income tax
- $8,192
- Kentucky $11,526
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99925025.3%
- $25,000 to $49,99925025.3%
- $50,000 to $74,99917017.2%
- $75,000 to $99,99911011.1%
- $100,000 to $199,99917017.2%
- $200,000 or more404.0%
Income, credits and taxes in 40107
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 | 830 | 83.8% | $50.87M | $61,292 |
| Business or professional income | 170 | 17.2% | $1.45M | $8,512 |
| Net capital gains | 100 | 10.1% | $1.19M | $11,920 |
| Taxable pensions and annuities | 230 | 23.2% | $5.8M | $25,226 |
| Taxable Social Security benefits | 170 | 17.2% | $2.21M | $13,006 |
| Itemized deductions | 30 | 3.0% | $851K | $28,367 |
| Earned income tax credit | 170 | 17.2% | $386K | $2,271 |
| Refundable child tax credit | 110 | 11.1% | $228K | $2,073 |
| Income tax after credits | 740 | 74.7% | $6.06M | $8,192 |
| Refunds | 760 | 76.8% | $2.12M | $2,789 |
Frequently asked questions
- What is the average income in ZIP code 40107?
- For tax year 2022, the average adjusted gross income on the 990 individual tax returns filed in 40107 was $67,288, compared with $71,685 for Kentucky.
- How many people in 40107 get the earned income tax credit?
- 170 returns in 40107 (17.2%) 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