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ZIP Code 46950 Income and Tax Statistics
Lucerne, IN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 320
- 600 people on returns
- Average adjusted gross income
- $57,453
- Indiana $76,831
- Average salaries and wages
- $51,091
- Returns with wages
- Average income tax
- $6,668
- Indiana $12,804
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99910031.3%
- $25,000 to $49,9998025.0%
- $50,000 to $74,9994012.5%
- $75,000 to $99,9994012.5%
- $100,000 to $199,9996018.8%
- $200,000 or more00.0%
Income, credits and taxes in 46950
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 | 230 | 71.9% | $11.75M | $51,091 |
| Business or professional income | 30 | 9.4% | $200K | $6,667 |
| Net capital gains | 40 | 12.5% | $94K | $2,350 |
| Taxable pensions and annuities | 80 | 25.0% | $1.14M | $14,263 |
| Taxable Social Security benefits | 70 | 21.9% | $930K | $13,286 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 40 | 12.5% | $100K | $2,500 |
| Refundable child tax credit | 20 | 6.3% | $44K | $2,200 |
| Income tax after credits | 220 | 68.8% | $1.47M | $6,668 |
| Refunds | 230 | 71.9% | $566K | $2,461 |
Frequently asked questions
- What is the average income in ZIP code 46950?
- For tax year 2022, the average adjusted gross income on the 320 individual tax returns filed in 46950 was $57,453, compared with $76,831 for Indiana.
- How many people in 46950 get the earned income tax credit?
- 40 returns in 46950 (12.5%) 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