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ZIP Code 47348 Income and Tax Statistics

Hartford City, IN. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
4,270
8,020 people on returns
Average adjusted gross income
$56,909
Indiana $76,831
Average salaries and wages
$50,704
Returns with wages
Average income tax
$7,312
Indiana $12,804

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9991,36031.9%
  • $25,000 to $49,9991,12026.2%
  • $50,000 to $74,99973017.1%
  • $75,000 to $99,99944010.3%
  • $100,000 to $199,99953012.4%
  • $200,000 or more902.1%

Income, credits and taxes in 47348

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages3,41079.9%$173M$50,704
Business or professional income44010.3%$3.49M$7,941
Net capital gains56013.1%$3.51M$6,271
Taxable pensions and annuities1,11026.0%$19.38M$17,463
Taxable Social Security benefits84019.7%$11.99M$14,273
Itemized deductions902.1%$3.86M$42,889
Earned income tax credit72016.9%$1.7M$2,365
Refundable child tax credit53012.4%$1.01M$1,915
Income tax after credits2,82066.0%$20.62M$7,312
Refunds3,33078.0%$9.19M$2,759

Frequently asked questions

What is the average income in ZIP code 47348?
For tax year 2022, the average adjusted gross income on the 4,270 individual tax returns filed in 47348 was $56,909, compared with $76,831 for Indiana.
How many people in 47348 get the earned income tax credit?
720 returns in 47348 (16.9%) 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