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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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 3,410 | 79.9% | $173M | $50,704 |
| Business or professional income | 440 | 10.3% | $3.49M | $7,941 |
| Net capital gains | 560 | 13.1% | $3.51M | $6,271 |
| Taxable pensions and annuities | 1,110 | 26.0% | $19.38M | $17,463 |
| Taxable Social Security benefits | 840 | 19.7% | $11.99M | $14,273 |
| Itemized deductions | 90 | 2.1% | $3.86M | $42,889 |
| Earned income tax credit | 720 | 16.9% | $1.7M | $2,365 |
| Refundable child tax credit | 530 | 12.4% | $1.01M | $1,915 |
| Income tax after credits | 2,820 | 66.0% | $20.62M | $7,312 |
| Refunds | 3,330 | 78.0% | $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