Skip to content

Checked

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.

ItemReturnsShare of returnsTotalAverage
Salaries and wages83083.8%$50.87M$61,292
Business or professional income17017.2%$1.45M$8,512
Net capital gains10010.1%$1.19M$11,920
Taxable pensions and annuities23023.2%$5.8M$25,226
Taxable Social Security benefits17017.2%$2.21M$13,006
Itemized deductions303.0%$851K$28,367
Earned income tax credit17017.2%$386K$2,271
Refundable child tax credit11011.1%$228K$2,073
Income tax after credits74074.7%$6.06M$8,192
Refunds76076.8%$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