Checked
ZIP Code 40214 Income and Tax Statistics
Louisville, KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 20,650
- 36,470 people on returns
- Average adjusted gross income
- $49,505
- Kentucky $71,685
- Average salaries and wages
- $45,247
- Returns with wages
- Average income tax
- $6,290
- Kentucky $11,526
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9997,11034.4%
- $25,000 to $49,9996,77032.8%
- $50,000 to $74,9993,00014.5%
- $75,000 to $99,9991,5507.5%
- $100,000 to $199,9991,9109.2%
- $200,000 or more3101.5%
Income, credits and taxes in 40214
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 | 17,120 | 82.9% | $775M | $45,247 |
| Business or professional income | 4,530 | 21.9% | $42.08M | $9,290 |
| Net capital gains | 1,650 | 8.0% | $19.33M | $11,714 |
| Taxable pensions and annuities | 3,350 | 16.2% | $81.05M | $24,195 |
| Taxable Social Security benefits | 2,510 | 12.2% | $36.84M | $14,678 |
| Itemized deductions | 950 | 4.6% | $27.47M | $28,916 |
| Earned income tax credit | 5,330 | 25.8% | $13.45M | $2,523 |
| Refundable child tax credit | 3,730 | 18.1% | $7.13M | $1,910 |
| Income tax after credits | 13,120 | 63.5% | $82.53M | $6,290 |
| Refunds | 15,580 | 75.4% | $42.98M | $2,759 |
Frequently asked questions
- What is the average income in ZIP code 40214?
- For tax year 2022, the average adjusted gross income on the 20,650 individual tax returns filed in 40214 was $49,505, compared with $71,685 for Kentucky.
- How many people in 40214 get the earned income tax credit?
- 5,330 returns in 40214 (25.8%) 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