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ZIP Code 75640 Income and Tax Statistics
Ore City, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,420
- 5,120 people on returns
- Average adjusted gross income
- $72,591
- Texas $93,613
- Average salaries and wages
- $69,128
- Returns with wages
- Average income tax
- $9,995
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99970028.9%
- $25,000 to $49,99950020.7%
- $50,000 to $74,99933013.6%
- $75,000 to $99,99927011.2%
- $100,000 to $199,99951021.1%
- $200,000 or more1104.5%
Income, credits and taxes in 75640
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 | 1,990 | 82.2% | $138M | $69,128 |
| Business or professional income | 510 | 21.1% | $3.85M | $7,555 |
| Net capital gains | 320 | 13.2% | $3.42M | $10,697 |
| Taxable pensions and annuities | 480 | 19.8% | $12.18M | $25,381 |
| Taxable Social Security benefits | 360 | 14.9% | $5.43M | $15,094 |
| Itemized deductions | 130 | 5.4% | $4.6M | $35,369 |
| Earned income tax credit | 390 | 16.1% | $1.02M | $2,605 |
| Refundable child tax credit | 320 | 13.2% | $628K | $1,963 |
| Income tax after credits | 1,700 | 70.2% | $16.99M | $9,995 |
| Refunds | 1,800 | 74.4% | $6.18M | $3,431 |
Frequently asked questions
- What is the average income in ZIP code 75640?
- For tax year 2022, the average adjusted gross income on the 2,420 individual tax returns filed in 75640 was $72,591, compared with $93,613 for Texas.
- How many people in 75640 get the earned income tax credit?
- 390 returns in 75640 (16.1%) 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