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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.

ItemReturnsShare of returnsTotalAverage
Salaries and wages12,42085.5%$548M$44,087
Business or professional income3,02020.8%$16.64M$5,509
Net capital gains1,1107.6%$6.01M$5,414
Taxable pensions and annuities2,22015.3%$49.05M$22,093
Taxable Social Security benefits1,55010.7%$20.51M$13,231
Itemized deductions7205.0%$20.69M$28,733
Earned income tax credit3,68025.3%$9.62M$2,615
Refundable child tax credit2,71018.7%$5.18M$1,911
Income tax after credits9,21063.4%$50.78M$5,513
Refunds11,25077.4%$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