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ZIP Code 75960 Income and Tax Statistics
Seven Oaks, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 380
- 780 people on returns
- Average adjusted gross income
- $61,661
- Texas $93,613
- Average salaries and wages
- $54,674
- Returns with wages
- Average income tax
- $9,179
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99912031.6%
- $25,000 to $49,9999023.7%
- $50,000 to $74,9997018.4%
- $75,000 to $99,9994010.5%
- $100,000 to $199,9996015.8%
- $200,000 or more00.0%
Income, credits and taxes in 75960
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 | 310 | 81.6% | $16.95M | $54,674 |
| Business or professional income | 70 | 18.4% | $287K | $4,100 |
| Net capital gains | 30 | 7.9% | $428K | $14,267 |
| Taxable pensions and annuities | 80 | 21.1% | $1.71M | $21,413 |
| Taxable Social Security benefits | 60 | 15.8% | $789K | $13,150 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 70 | 18.4% | $187K | $2,671 |
| Refundable child tax credit | 60 | 15.8% | $110K | $1,833 |
| Income tax after credits | 240 | 63.2% | $2.2M | $9,179 |
| Refunds | 270 | 71.1% | $936K | $3,467 |
Frequently asked questions
- What is the average income in ZIP code 75960?
- For tax year 2022, the average adjusted gross income on the 380 individual tax returns filed in 75960 was $61,661, compared with $93,613 for Texas.
- How many people in 75960 get the earned income tax credit?
- 70 returns in 75960 (18.4%) 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