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ZIP Code 47041 Income and Tax Statistics
Sunman, IN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 3,010
- 5,680 people on returns
- Average adjusted gross income
- $68,237
- Indiana $76,831
- Average salaries and wages
- $60,838
- Returns with wages
- Average income tax
- $8,741
- Indiana $12,804
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99983027.6%
- $25,000 to $49,99968022.6%
- $50,000 to $74,99947015.6%
- $75,000 to $99,99935011.6%
- $100,000 to $199,99956018.6%
- $200,000 or more1204.0%
Income, credits and taxes in 47041
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 | 2,500 | 83.1% | $152M | $60,838 |
| Business or professional income | 390 | 13.0% | $6.07M | $15,569 |
| Net capital gains | 490 | 16.3% | $4.78M | $9,763 |
| Taxable pensions and annuities | 680 | 22.6% | $13.81M | $20,304 |
| Taxable Social Security benefits | 570 | 18.9% | $8.49M | $14,886 |
| Itemized deductions | 100 | 3.3% | $3.15M | $31,500 |
| Earned income tax credit | 310 | 10.3% | $635K | $2,048 |
| Refundable child tax credit | 240 | 8.0% | $419K | $1,746 |
| Income tax after credits | 2,180 | 72.4% | $19.06M | $8,741 |
| Refunds | 2,250 | 74.8% | $5.88M | $2,612 |
Frequently asked questions
- What is the average income in ZIP code 47041?
- For tax year 2022, the average adjusted gross income on the 3,010 individual tax returns filed in 47041 was $68,237, compared with $76,831 for Indiana.
- How many people in 47041 get the earned income tax credit?
- 310 returns in 47041 (10.3%) 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