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ZIP Code 76148 Income and Tax Statistics

Watauga, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
11,430
21,230 people on returns
Average adjusted gross income
$58,575
Texas $93,613
Average salaries and wages
$56,531
Returns with wages
Average income tax
$6,697
Texas $19,415

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9992,96025.9%
  • $25,000 to $49,9993,08026.9%
  • $50,000 to $74,9992,25019.7%
  • $75,000 to $99,9991,38012.1%
  • $100,000 to $199,9991,61014.1%
  • $200,000 or more1501.3%

Income, credits and taxes in 76148

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 wages9,77085.5%$552M$56,531
Business or professional income2,35020.6%$19.9M$8,467
Net capital gains1,1209.8%$5.04M$4,499
Taxable pensions and annuities1,84016.1%$42.55M$23,127
Taxable Social Security benefits1,33011.6%$19.82M$14,904
Itemized deductions5404.7%$16.96M$31,404
Earned income tax credit1,88016.4%$4.9M$2,606
Refundable child tax credit1,51013.2%$2.98M$1,975
Income tax after credits8,22071.9%$55.05M$6,697
Refunds8,67075.9%$23.52M$2,713

Frequently asked questions

What is the average income in ZIP code 76148?
For tax year 2022, the average adjusted gross income on the 11,430 individual tax returns filed in 76148 was $58,575, compared with $93,613 for Texas.
How many people in 76148 get the earned income tax credit?
1,880 returns in 76148 (16.4%) 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