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ZIP Code 62858 Income and Tax Statistics
Louisville, IL. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,350
- 2,520 people on returns
- Average adjusted gross income
- $65,575
- Illinois $96,774
- Average salaries and wages
- $50,359
- Returns with wages
- Average income tax
- $8,671
- Illinois $18,834
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99940029.6%
- $25,000 to $49,99933024.4%
- $50,000 to $74,99922016.3%
- $75,000 to $99,99915011.1%
- $100,000 to $199,99920014.8%
- $200,000 or more503.7%
Income, credits and taxes in 62858
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 | 1,110 | 82.2% | $55.9M | $50,359 |
| Business or professional income | 190 | 14.1% | $1.99M | $10,458 |
| Net capital gains | 280 | 20.7% | $3.09M | $11,018 |
| Taxable pensions and annuities | 310 | 23.0% | $7.87M | $25,394 |
| Taxable Social Security benefits | 260 | 19.3% | $3.86M | $14,850 |
| Itemized deductions | 40 | 3.0% | $1.39M | $34,625 |
| Earned income tax credit | 210 | 15.6% | $496K | $2,362 |
| Refundable child tax credit | 160 | 11.9% | $284K | $1,775 |
| Income tax after credits | 930 | 68.9% | $8.06M | $8,671 |
| Refunds | 930 | 68.9% | $2.66M | $2,863 |
Frequently asked questions
- What is the average income in ZIP code 62858?
- For tax year 2022, the average adjusted gross income on the 1,350 individual tax returns filed in 62858 was $65,575, compared with $96,774 for Illinois.
- How many people in 62858 get the earned income tax credit?
- 210 returns in 62858 (15.6%) 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