Checked
ZIP Code 76372 Income and Tax Statistics
Elbert, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 370
- 720 people on returns
- Average adjusted gross income
- $63,059
- Texas $93,613
- Average salaries and wages
- $50,437
- Returns with wages
- Average income tax
- $9,723
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99912032.4%
- $25,000 to $49,99911029.7%
- $50,000 to $74,9995013.5%
- $75,000 to $99,999308.1%
- $100,000 to $199,9996016.2%
- $200,000 or more00.0%
Income, credits and taxes in 76372
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 | 270 | 73.0% | $13.62M | $50,437 |
| Business or professional income | 100 | 27.0% | $1.91M | $19,140 |
| Net capital gains | 50 | 13.5% | $903K | $18,060 |
| Taxable pensions and annuities | 50 | 13.5% | $1.04M | $20,780 |
| Taxable Social Security benefits | 50 | 13.5% | $872K | $17,440 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 70 | 18.9% | $209K | $2,986 |
| Refundable child tax credit | 60 | 16.2% | $123K | $2,050 |
| Income tax after credits | 220 | 59.5% | $2.14M | $9,723 |
| Refunds | 250 | 67.6% | $742K | $2,968 |
Frequently asked questions
- What is the average income in ZIP code 76372?
- For tax year 2022, the average adjusted gross income on the 370 individual tax returns filed in 76372 was $63,059, compared with $93,613 for Texas.
- How many people in 76372 get the earned income tax credit?
- 70 returns in 76372 (18.9%) 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