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ZIP Code 78624 Income and Tax Statistics
Fredericksburg, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 12,150
- 22,170 people on returns
- Average adjusted gross income
- $128,795
- Texas $93,613
- Average salaries and wages
- $70,832
- Returns with wages
- Average income tax
- $28,306
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9993,13025.8%
- $25,000 to $49,9992,72022.4%
- $50,000 to $74,9991,62013.3%
- $75,000 to $99,9991,1409.4%
- $100,000 to $199,9992,02016.6%
- $200,000 or more1,52012.5%
Income, credits and taxes in 78624
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 | 8,200 | 67.5% | $581M | $70,832 |
| Business or professional income | 3,280 | 27.0% | $89.89M | $27,405 |
| Net capital gains | 4,030 | 33.2% | $192M | $47,559 |
| Taxable pensions and annuities | 3,110 | 25.6% | $110M | $35,329 |
| Taxable Social Security benefits | 3,410 | 28.1% | $70.28M | $20,611 |
| Itemized deductions | 1,290 | 10.6% | $64.57M | $50,054 |
| Earned income tax credit | 1,360 | 11.2% | $3.25M | $2,389 |
| Refundable child tax credit | 1,040 | 8.6% | $2.12M | $2,034 |
| Income tax after credits | 9,060 | 74.6% | $256M | $28,306 |
| Refunds | 6,790 | 55.9% | $28.08M | $4,135 |
Frequently asked questions
- What is the average income in ZIP code 78624?
- For tax year 2022, the average adjusted gross income on the 12,150 individual tax returns filed in 78624 was $128,795, compared with $93,613 for Texas.
- How many people in 78624 get the earned income tax credit?
- 1,360 returns in 78624 (11.2%) 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