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ZIP Code 42276 Income and Tax Statistics
Russellville, KY. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 6,470
- 12,630 people on returns
- Average adjusted gross income
- $58,081
- Kentucky $71,685
- Average salaries and wages
- $48,795
- Returns with wages
- Average income tax
- $7,248
- Kentucky $11,526
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9992,04031.5%
- $25,000 to $49,9991,74026.9%
- $50,000 to $74,9991,03015.9%
- $75,000 to $99,99971011.0%
- $100,000 to $199,99980012.4%
- $200,000 or more1502.3%
Income, credits and taxes in 42276
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 | 5,300 | 81.9% | $259M | $48,795 |
| Business or professional income | 1,020 | 15.8% | $14.7M | $14,415 |
| Net capital gains | 820 | 12.7% | $13.55M | $16,529 |
| Taxable pensions and annuities | 1,420 | 21.9% | $34.03M | $23,968 |
| Taxable Social Security benefits | 1,090 | 16.8% | $15.79M | $14,482 |
| Itemized deductions | 230 | 3.6% | $8.19M | $35,613 |
| Earned income tax credit | 1,280 | 19.8% | $3.23M | $2,527 |
| Refundable child tax credit | 970 | 15.0% | $1.77M | $1,828 |
| Income tax after credits | 4,330 | 66.9% | $31.39M | $7,248 |
| Refunds | 4,750 | 73.4% | $13.07M | $2,751 |
Frequently asked questions
- What is the average income in ZIP code 42276?
- For tax year 2022, the average adjusted gross income on the 6,470 individual tax returns filed in 42276 was $58,081, compared with $71,685 for Kentucky.
- How many people in 42276 get the earned income tax credit?
- 1,280 returns in 42276 (19.8%) 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