Checked
ZIP Code 72070 Income and Tax Statistics
Houston, AR. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 720
- 1,490 people on returns
- Average adjusted gross income
- $53,004
- Arkansas $75,282
- Average salaries and wages
- $49,121
- Returns with wages
- Average income tax
- $6,233
- Arkansas $12,815
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99924033.3%
- $25,000 to $49,99918025.0%
- $50,000 to $74,99911015.3%
- $75,000 to $99,9998011.1%
- $100,000 to $199,99911015.3%
- $200,000 or more00.0%
Income, credits and taxes in 72070
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 | 580 | 80.6% | $28.49M | $49,121 |
| Business or professional income | 150 | 20.8% | $1.7M | $11,327 |
| Net capital gains | 50 | 6.9% | $7,000 | $140 |
| Taxable pensions and annuities | 160 | 22.2% | $3.81M | $23,838 |
| Taxable Social Security benefits | 150 | 20.8% | $1.93M | $12,867 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 170 | 23.6% | $429K | $2,524 |
| Refundable child tax credit | 120 | 16.7% | $214K | $1,783 |
| Income tax after credits | 460 | 63.9% | $2.87M | $6,233 |
| Refunds | 550 | 76.4% | $1.6M | $2,900 |
Frequently asked questions
- What is the average income in ZIP code 72070?
- For tax year 2022, the average adjusted gross income on the 720 individual tax returns filed in 72070 was $53,004, compared with $75,282 for Arkansas.
- How many people in 72070 get the earned income tax credit?
- 170 returns in 72070 (23.6%) 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