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ZIP Code 76579 Income and Tax Statistics
Troy, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 2,610
- 5,510 people on returns
- Average adjusted gross income
- $70,966
- Texas $93,613
- Average salaries and wages
- $61,893
- Returns with wages
- Average income tax
- $9,117
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99964024.5%
- $25,000 to $49,99967025.7%
- $50,000 to $74,99946017.6%
- $75,000 to $99,99929011.1%
- $100,000 to $199,99946017.6%
- $200,000 or more903.4%
Income, credits and taxes in 76579
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 | 2,220 | 85.1% | $137M | $61,893 |
| Business or professional income | 470 | 18.0% | $5.65M | $12,030 |
| Net capital gains | 280 | 10.7% | $13.97M | $49,889 |
| Taxable pensions and annuities | 510 | 19.5% | $13.14M | $25,763 |
| Taxable Social Security benefits | 350 | 13.4% | $5.59M | $15,960 |
| Itemized deductions | 90 | 3.4% | $3.14M | $34,933 |
| Earned income tax credit | 430 | 16.5% | $1.15M | $2,665 |
| Refundable child tax credit | 380 | 14.6% | $790K | $2,079 |
| Income tax after credits | 1,870 | 71.6% | $17.05M | $9,117 |
| Refunds | 1,970 | 75.5% | $6.13M | $3,110 |
Frequently asked questions
- What is the average income in ZIP code 76579?
- For tax year 2022, the average adjusted gross income on the 2,610 individual tax returns filed in 76579 was $70,966, compared with $93,613 for Texas.
- How many people in 76579 get the earned income tax credit?
- 430 returns in 76579 (16.5%) 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