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ZIP Code 40953 Income and Tax Statistics

Flat Lick, KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
190
440 people on returns
Average adjusted gross income
$41,495
Kentucky $71,685
Average salaries and wages
$37,494
Returns with wages
Average income tax
$4,978
Kentucky $11,526

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9999047.4%
  • $25,000 to $49,9995026.3%
  • $50,000 to $74,9992010.5%
  • $75,000 to $99,9993015.8%
  • $100,000 to $199,99900.0%
  • $200,000 or more00.0%

Income, credits and taxes in 40953

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 wages17089.5%$6.37M$37,494
Business or professional income5026.3%$485K$9,700
Net capital gains00.0%$0Not shown
Taxable pensions and annuities00.0%$0Not shown
Taxable Social Security benefits00.0%$0Not shown
Itemized deductions00.0%$0Not shown
Earned income tax credit8042.1%$276K$3,450
Refundable child tax credit6031.6%$107K$1,783
Income tax after credits9047.4%$448K$4,978
Refunds16084.2%$563K$3,519

Frequently asked questions

What is the average income in ZIP code 40953?
For tax year 2022, the average adjusted gross income on the 190 individual tax returns filed in 40953 was $41,495, compared with $71,685 for Kentucky.
How many people in 40953 get the earned income tax credit?
80 returns in 40953 (42.1%) 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