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ZIP Code 42266 Income and Tax Statistics
Pembroke, KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,040
- 2,420 people on returns
- Average adjusted gross income
- $63,927
- Kentucky $71,685
- Average salaries and wages
- $46,688
- Returns with wages
- Average income tax
- $8,522
- Kentucky $11,526
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99933031.7%
- $25,000 to $49,99927026.0%
- $50,000 to $74,99916015.4%
- $75,000 to $99,999908.7%
- $100,000 to $199,99915014.4%
- $200,000 or more403.8%
Income, credits and taxes in 42266
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 | 720 | 69.2% | $33.62M | $46,688 |
| Business or professional income | 280 | 26.9% | $6.61M | $23,593 |
| Net capital gains | 170 | 16.3% | $2.38M | $14,024 |
| Taxable pensions and annuities | 200 | 19.2% | $5.52M | $27,615 |
| Taxable Social Security benefits | 150 | 14.4% | $2.25M | $15,013 |
| Itemized deductions | 40 | 3.8% | $1.2M | $30,000 |
| Earned income tax credit | 160 | 15.4% | $448K | $2,800 |
| Refundable child tax credit | 120 | 11.5% | $262K | $2,183 |
| Income tax after credits | 650 | 62.5% | $5.54M | $8,522 |
| Refunds | 650 | 62.5% | $1.72M | $2,648 |
Frequently asked questions
- What is the average income in ZIP code 42266?
- For tax year 2022, the average adjusted gross income on the 1,040 individual tax returns filed in 42266 was $63,927, compared with $71,685 for Kentucky.
- How many people in 42266 get the earned income tax credit?
- 160 returns in 42266 (15.4%) 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