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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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 170 | 89.5% | $6.37M | $37,494 |
| Business or professional income | 50 | 26.3% | $485K | $9,700 |
| Net capital gains | 0 | 0.0% | $0 | Not shown |
| Taxable pensions and annuities | 0 | 0.0% | $0 | Not shown |
| Taxable Social Security benefits | 0 | 0.0% | $0 | Not shown |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 80 | 42.1% | $276K | $3,450 |
| Refundable child tax credit | 60 | 31.6% | $107K | $1,783 |
| Income tax after credits | 90 | 47.4% | $448K | $4,978 |
| Refunds | 160 | 84.2% | $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