Checked
ZIP Code 76118 Income and Tax Statistics
Fort Worth, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 7,940
- 15,500 people on returns
- Average adjusted gross income
- $69,888
- Texas $93,613
- Average salaries and wages
- $66,666
- Returns with wages
- Average income tax
- $9,562
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9992,11026.6%
- $25,000 to $49,9991,90023.9%
- $50,000 to $74,9991,30016.4%
- $75,000 to $99,99985010.7%
- $100,000 to $199,9991,44018.1%
- $200,000 or more3404.3%
Income, credits and taxes in 76118
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 | 6,780 | 85.4% | $452M | $66,666 |
| Business or professional income | 1,860 | 23.4% | $15.36M | $8,260 |
| Net capital gains | 1,100 | 13.9% | $10.94M | $9,943 |
| Taxable pensions and annuities | 1,240 | 15.6% | $29.53M | $23,813 |
| Taxable Social Security benefits | 860 | 10.8% | $13.28M | $15,437 |
| Itemized deductions | 590 | 7.4% | $20.38M | $34,547 |
| Earned income tax credit | 1,270 | 16.0% | $3.23M | $2,544 |
| Refundable child tax credit | 1,040 | 13.1% | $2.15M | $2,069 |
| Income tax after credits | 5,700 | 71.8% | $54.5M | $9,562 |
| Refunds | 5,750 | 72.4% | $17.35M | $3,018 |
Frequently asked questions
- What is the average income in ZIP code 76118?
- For tax year 2022, the average adjusted gross income on the 7,940 individual tax returns filed in 76118 was $69,888, compared with $93,613 for Texas.
- How many people in 76118 get the earned income tax credit?
- 1,270 returns in 76118 (16.0%) 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