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ZIP Code 41543 Income and Tax Statistics
Belfry, KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 150
- 320 people on returns
- Average adjusted gross income
- $48,127
- Kentucky $71,685
- Average salaries and wages
- $45,921
- Returns with wages
- Average income tax
- $4,510
- Kentucky $11,526
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9995033.3%
- $25,000 to $49,9994026.7%
- $50,000 to $74,9994026.7%
- $75,000 to $99,99900.0%
- $100,000 to $199,9992013.3%
- $200,000 or more00.0%
Income, credits and taxes in 41543
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 | 140 | 93.3% | $6.43M | $45,921 |
| Business or professional income | 0 | 0.0% | $0 | Not shown |
| 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 | 40 | 26.7% | $100K | $2,500 |
| Refundable child tax credit | 20 | 13.3% | $46K | $2,300 |
| Income tax after credits | 100 | 66.7% | $451K | $4,510 |
| Refunds | 140 | 93.3% | $385K | $2,750 |
Frequently asked questions
- What is the average income in ZIP code 41543?
- For tax year 2022, the average adjusted gross income on the 150 individual tax returns filed in 41543 was $48,127, compared with $71,685 for Kentucky.
- How many people in 41543 get the earned income tax credit?
- 40 returns in 41543 (26.7%) 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