Checked
ZIP Code 42071 Income and Tax Statistics
Murray, KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 12,120
- 22,130 people on returns
- Average adjusted gross income
- $65,874
- Kentucky $71,685
- Average salaries and wages
- $49,305
- Returns with wages
- Average income tax
- $10,534
- Kentucky $11,526
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994,16034.3%
- $25,000 to $49,9993,12025.7%
- $50,000 to $74,9991,68013.9%
- $75,000 to $99,9991,1309.3%
- $100,000 to $199,9991,56012.9%
- $200,000 or more4703.9%
Income, credits and taxes in 42071
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 | 9,560 | 78.9% | $471M | $49,305 |
| Business or professional income | 2,060 | 17.0% | $31.34M | $15,215 |
| Net capital gains | 2,060 | 17.0% | $26M | $12,621 |
| Taxable pensions and annuities | 2,910 | 24.0% | $85.08M | $29,236 |
| Taxable Social Security benefits | 2,400 | 19.8% | $38.89M | $16,205 |
| Itemized deductions | 560 | 4.6% | $21.62M | $38,598 |
| Earned income tax credit | 2,180 | 18.0% | $5.23M | $2,399 |
| Refundable child tax credit | 1,500 | 12.4% | $2.68M | $1,788 |
| Income tax after credits | 8,110 | 66.9% | $85.43M | $10,534 |
| Refunds | 8,670 | 71.5% | $22.5M | $2,596 |
Frequently asked questions
- What is the average income in ZIP code 42071?
- For tax year 2022, the average adjusted gross income on the 12,120 individual tax returns filed in 42071 was $65,874, compared with $71,685 for Kentucky.
- How many people in 42071 get the earned income tax credit?
- 2,180 returns in 42071 (18.0%) 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