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ZIP Code 47331 Income and Tax Statistics
Connersville, IN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 9,840
- 18,490 people on returns
- Average adjusted gross income
- $51,951
- Indiana $76,831
- Average salaries and wages
- $47,320
- Returns with wages
- Average income tax
- $6,425
- Indiana $12,804
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,48035.4%
- $25,000 to $49,9992,61026.5%
- $50,000 to $74,9991,55015.8%
- $75,000 to $99,9999309.5%
- $100,000 to $199,9991,11011.3%
- $200,000 or more1601.6%
Income, credits and taxes in 47331
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 | 7,960 | 80.9% | $377M | $47,320 |
| Business or professional income | 1,150 | 11.7% | $15.55M | $13,523 |
| Net capital gains | 1,080 | 11.0% | $16.7M | $15,467 |
| Taxable pensions and annuities | 2,450 | 24.9% | $38.67M | $15,784 |
| Taxable Social Security benefits | 1,770 | 18.0% | $25.5M | $14,408 |
| Itemized deductions | 210 | 2.1% | $6.97M | $33,171 |
| Earned income tax credit | 1,930 | 19.6% | $4.64M | $2,404 |
| Refundable child tax credit | 1,340 | 13.6% | $2.39M | $1,787 |
| Income tax after credits | 6,270 | 63.7% | $40.29M | $6,425 |
| Refunds | 7,620 | 77.4% | $20.18M | $2,649 |
Frequently asked questions
- What is the average income in ZIP code 47331?
- For tax year 2022, the average adjusted gross income on the 9,840 individual tax returns filed in 47331 was $51,951, compared with $76,831 for Indiana.
- How many people in 47331 get the earned income tax credit?
- 1,930 returns in 47331 (19.6%) 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