Checked
ZIP Code 79325 Income and Tax Statistics
Bovina, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 880
- 1,930 people on returns
- Average adjusted gross income
- $71,703
- Texas $93,613
- Average salaries and wages
- $54,861
- Returns with wages
- Average income tax
- $9,690
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99924027.3%
- $25,000 to $49,99922025.0%
- $50,000 to $74,99915017.0%
- $75,000 to $99,99910011.4%
- $100,000 to $199,99912013.6%
- $200,000 or more505.7%
Income, credits and taxes in 79325
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 | 750 | 85.2% | $41.15M | $54,861 |
| Business or professional income | 130 | 14.8% | $936K | $7,200 |
| Net capital gains | 130 | 14.8% | $4.53M | $34,854 |
| Taxable pensions and annuities | 150 | 17.0% | $3.43M | $22,860 |
| Taxable Social Security benefits | 140 | 15.9% | $2.01M | $14,364 |
| Itemized deductions | 40 | 4.5% | $1.83M | $45,675 |
| Earned income tax credit | 150 | 17.0% | $379K | $2,527 |
| Refundable child tax credit | 150 | 17.0% | $316K | $2,107 |
| Income tax after credits | 610 | 69.3% | $5.91M | $9,690 |
| Refunds | 580 | 65.9% | $1.81M | $3,121 |
Frequently asked questions
- What is the average income in ZIP code 79325?
- For tax year 2022, the average adjusted gross income on the 880 individual tax returns filed in 79325 was $71,703, compared with $93,613 for Texas.
- How many people in 79325 get the earned income tax credit?
- 150 returns in 79325 (17.0%) 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