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ZIP Code 76460 Income and Tax Statistics
Loving, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 150
- 350 people on returns
- Average adjusted gross income
- $77,267
- Texas $93,613
- Average salaries and wages
- $80,191
- Returns with wages
- Average income tax
- $9,836
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9994026.7%
- $25,000 to $49,9993020.0%
- $50,000 to $74,9992013.3%
- $75,000 to $99,9992013.3%
- $100,000 to $199,9994026.7%
- $200,000 or more00.0%
Income, credits and taxes in 76460
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 | 110 | 73.3% | $8.82M | $80,191 |
| Business or professional income | 40 | 26.7% | $630K | $15,750 |
| Net capital gains | 20 | 13.3% | $14K | $700 |
| Taxable pensions and annuities | 30 | 20.0% | $685K | $22,833 |
| Taxable Social Security benefits | 40 | 26.7% | $588K | $14,700 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 0 | 0.0% | $0 | Not shown |
| Refundable child tax credit | 0 | 0.0% | $0 | Not shown |
| Income tax after credits | 110 | 73.3% | $1.08M | $9,836 |
| Refunds | 100 | 66.7% | $289K | $2,890 |
Frequently asked questions
- What is the average income in ZIP code 76460?
- For tax year 2022, the average adjusted gross income on the 150 individual tax returns filed in 76460 was $77,267, compared with $93,613 for Texas.
- 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