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ZIP Code 75490 Income and Tax Statistics
Trenton, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,410
- 2,970 people on returns
- Average adjusted gross income
- $76,950
- Texas $93,613
- Average salaries and wages
- $70,044
- Returns with wages
- Average income tax
- $10,352
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99936025.5%
- $25,000 to $49,99931022.0%
- $50,000 to $74,99919013.5%
- $75,000 to $99,99915010.6%
- $100,000 to $199,99933023.4%
- $200,000 or more705.0%
Income, credits and taxes in 75490
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 | 1,160 | 82.3% | $81.25M | $70,044 |
| Business or professional income | 350 | 24.8% | $4.51M | $12,871 |
| Net capital gains | 160 | 11.3% | $4.15M | $25,944 |
| Taxable pensions and annuities | 280 | 19.9% | $7.48M | $26,714 |
| Taxable Social Security benefits | 220 | 15.6% | $3.66M | $16,618 |
| Itemized deductions | 80 | 5.7% | $3.45M | $43,163 |
| Earned income tax credit | 200 | 14.2% | $583K | $2,915 |
| Refundable child tax credit | 160 | 11.3% | $353K | $2,206 |
| Income tax after credits | 1,030 | 73.0% | $10.66M | $10,352 |
| Refunds | 990 | 70.2% | $3.09M | $3,117 |
Frequently asked questions
- What is the average income in ZIP code 75490?
- For tax year 2022, the average adjusted gross income on the 1,410 individual tax returns filed in 75490 was $76,950, compared with $93,613 for Texas.
- How many people in 75490 get the earned income tax credit?
- 200 returns in 75490 (14.2%) 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