Checked
ZIP Code 47649 Income and Tax Statistics
Francisco, IN. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 650
- 1,200 people on returns
- Average adjusted gross income
- $61,898
- Indiana $76,831
- Average salaries and wages
- $56,859
- Returns with wages
- Average income tax
- $7,177
- Indiana $12,804
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99919029.2%
- $25,000 to $49,99913020.0%
- $50,000 to $74,99912018.5%
- $75,000 to $99,9998012.3%
- $100,000 to $199,99913020.0%
- $200,000 or more00.0%
Income, credits and taxes in 47649
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 | 510 | 78.5% | $29M | $56,859 |
| Business or professional income | 70 | 10.8% | $214K | $3,057 |
| Net capital gains | 100 | 15.4% | $431K | $4,310 |
| Taxable pensions and annuities | 190 | 29.2% | $3.34M | $17,574 |
| Taxable Social Security benefits | 140 | 21.5% | $2.24M | $15,964 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 70 | 10.8% | $167K | $2,386 |
| Refundable child tax credit | 50 | 7.7% | $78K | $1,560 |
| Income tax after credits | 470 | 72.3% | $3.37M | $7,177 |
| Refunds | 490 | 75.4% | $1.32M | $2,694 |
Frequently asked questions
- What is the average income in ZIP code 47649?
- For tax year 2022, the average adjusted gross income on the 650 individual tax returns filed in 47649 was $61,898, compared with $76,831 for Indiana.
- How many people in 47649 get the earned income tax credit?
- 70 returns in 47649 (10.8%) 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