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ZIP Code 40218 Income and Tax Statistics
Louisville/Jefferson County metro government (balance), KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 14,530
- 25,360 people on returns
- Average adjusted gross income
- $46,253
- Kentucky $71,685
- Average salaries and wages
- $44,087
- Returns with wages
- Average income tax
- $5,513
- Kentucky $11,526
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994,95034.1%
- $25,000 to $49,9994,86033.4%
- $50,000 to $74,9992,34016.1%
- $75,000 to $99,9991,1507.9%
- $100,000 to $199,9991,1007.6%
- $200,000 or more1300.9%
Income, credits and taxes in 40218
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 | 12,420 | 85.5% | $548M | $44,087 |
| Business or professional income | 3,020 | 20.8% | $16.64M | $5,509 |
| Net capital gains | 1,110 | 7.6% | $6.01M | $5,414 |
| Taxable pensions and annuities | 2,220 | 15.3% | $49.05M | $22,093 |
| Taxable Social Security benefits | 1,550 | 10.7% | $20.51M | $13,231 |
| Itemized deductions | 720 | 5.0% | $20.69M | $28,733 |
| Earned income tax credit | 3,680 | 25.3% | $9.62M | $2,615 |
| Refundable child tax credit | 2,710 | 18.7% | $5.18M | $1,911 |
| Income tax after credits | 9,210 | 63.4% | $50.78M | $5,513 |
| Refunds | 11,250 | 77.4% | $31.13M | $2,767 |
Frequently asked questions
- What is the average income in ZIP code 40218?
- For tax year 2022, the average adjusted gross income on the 14,530 individual tax returns filed in 40218 was $46,253, compared with $71,685 for Kentucky.
- How many people in 40218 get the earned income tax credit?
- 3,680 returns in 40218 (25.3%) 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