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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.

ItemReturnsShare of returnsTotalAverage
Salaries and wages31081.6%$16.95M$54,674
Business or professional income7018.4%$287K$4,100
Net capital gains307.9%$428K$14,267
Taxable pensions and annuities8021.1%$1.71M$21,413
Taxable Social Security benefits6015.8%$789K$13,150
Itemized deductions00.0%$0Not shown
Earned income tax credit7018.4%$187K$2,671
Refundable child tax credit6015.8%$110K$1,833
Income tax after credits24063.2%$2.2M$9,179
Refunds27071.1%$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