Checked
ZIP Code 65542 Income and Tax Statistics
Licking, MO. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,030
- 4,340 people on returns
- Average adjusted gross income
- $47,779
- Missouri $79,806
- Average salaries and wages
- $43,323
- Returns with wages
- Average income tax
- $5,557
- Missouri $13,613
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99975036.9%
- $25,000 to $49,99959029.1%
- $50,000 to $74,99930014.8%
- $75,000 to $99,9991808.9%
- $100,000 to $199,9991708.4%
- $200,000 or more402.0%
Income, credits and taxes in 65542
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 | 1,530 | 75.4% | $66.28M | $43,323 |
| Business or professional income | 390 | 19.2% | $4.38M | $11,226 |
| Net capital gains | 240 | 11.8% | $3.87M | $16,138 |
| Taxable pensions and annuities | 570 | 28.1% | $15.29M | $26,828 |
| Taxable Social Security benefits | 370 | 18.2% | $4.3M | $11,632 |
| Itemized deductions | 40 | 2.0% | $1.25M | $31,325 |
| Earned income tax credit | 490 | 24.1% | $1.23M | $2,502 |
| Refundable child tax credit | 340 | 16.7% | $752K | $2,212 |
| Income tax after credits | 1,210 | 59.6% | $6.72M | $5,557 |
| Refunds | 1,480 | 72.9% | $4.44M | $2,997 |
Frequently asked questions
- What is the average income in ZIP code 65542?
- For tax year 2022, the average adjusted gross income on the 2,030 individual tax returns filed in 65542 was $47,779, compared with $79,806 for Missouri.
- How many people in 65542 get the earned income tax credit?
- 490 returns in 65542 (24.1%) 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