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ZIP Code 75124 Income and Tax Statistics
Eustace, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,150
- 4,510 people on returns
- Average adjusted gross income
- $66,234
- Texas $93,613
- Average salaries and wages
- $58,588
- Returns with wages
- Average income tax
- $9,868
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99970032.6%
- $25,000 to $49,99953024.7%
- $50,000 to $74,99929013.5%
- $75,000 to $99,99922010.2%
- $100,000 to $199,99933015.3%
- $200,000 or more803.7%
Income, credits and taxes in 75124
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 | 1,690 | 78.6% | $99.01M | $58,588 |
| Business or professional income | 520 | 24.2% | $5.18M | $9,965 |
| Net capital gains | 260 | 12.1% | $4.23M | $16,262 |
| Taxable pensions and annuities | 440 | 20.5% | $11.71M | $26,623 |
| Taxable Social Security benefits | 380 | 17.7% | $5.86M | $15,432 |
| Itemized deductions | 90 | 4.2% | $4.14M | $46,022 |
| Earned income tax credit | 460 | 21.4% | $1.38M | $3,000 |
| Refundable child tax credit | 360 | 16.7% | $697K | $1,936 |
| Income tax after credits | 1,390 | 64.7% | $13.72M | $9,868 |
| Refunds | 1,600 | 74.4% | $6.08M | $3,803 |
Frequently asked questions
- What is the average income in ZIP code 75124?
- For tax year 2022, the average adjusted gross income on the 2,150 individual tax returns filed in 75124 was $66,234, compared with $93,613 for Texas.
- How many people in 75124 get the earned income tax credit?
- 460 returns in 75124 (21.4%) 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