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ZIP Code 45628 Income and Tax Statistics
Frankfort, OH. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,400
- 4,700 people on returns
- Average adjusted gross income
- $65,306
- Ohio $77,995
- Average salaries and wages
- $55,751
- Returns with wages
- Average income tax
- $8,203
- Ohio $12,970
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99959024.6%
- $25,000 to $49,99964026.7%
- $50,000 to $74,99947019.6%
- $75,000 to $99,99930012.5%
- $100,000 to $199,99934014.2%
- $200,000 or more602.5%
Income, credits and taxes in 45628
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 | 2,000 | 83.3% | $112M | $55,751 |
| Business or professional income | 350 | 14.6% | $3.71M | $10,589 |
| Net capital gains | 250 | 10.4% | $1.88M | $7,516 |
| Taxable pensions and annuities | 560 | 23.3% | $15.28M | $27,277 |
| Taxable Social Security benefits | 370 | 15.4% | $4.99M | $13,489 |
| Itemized deductions | 40 | 1.7% | $1.26M | $31,500 |
| Earned income tax credit | 370 | 15.4% | $956K | $2,584 |
| Refundable child tax credit | 300 | 12.5% | $565K | $1,883 |
| Income tax after credits | 1,790 | 74.6% | $14.68M | $8,203 |
| Refunds | 1,800 | 75.0% | $4.74M | $2,635 |
Frequently asked questions
- What is the average income in ZIP code 45628?
- For tax year 2022, the average adjusted gross income on the 2,400 individual tax returns filed in 45628 was $65,306, compared with $77,995 for Ohio.
- How many people in 45628 get the earned income tax credit?
- 370 returns in 45628 (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