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ZIP Code 79504 Income and Tax Statistics
Baird, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,310
- 2,670 people on returns
- Average adjusted gross income
- $71,609
- Texas $93,613
- Average salaries and wages
- $58,905
- Returns with wages
- Average income tax
- $9,901
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99939029.8%
- $25,000 to $49,99931023.7%
- $50,000 to $74,99919014.5%
- $75,000 to $99,99914010.7%
- $100,000 to $199,99922016.8%
- $200,000 or more604.6%
Income, credits and taxes in 79504
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 | 1,080 | 82.4% | $63.62M | $58,905 |
| Business or professional income | 260 | 19.8% | $2.3M | $8,854 |
| Net capital gains | 170 | 13.0% | $4.17M | $24,518 |
| Taxable pensions and annuities | 290 | 22.1% | $8.6M | $29,648 |
| Taxable Social Security benefits | 240 | 18.3% | $3.7M | $15,408 |
| Itemized deductions | 50 | 3.8% | $2.87M | $57,360 |
| Earned income tax credit | 230 | 17.6% | $600K | $2,609 |
| Refundable child tax credit | 190 | 14.5% | $355K | $1,868 |
| Income tax after credits | 920 | 70.2% | $9.11M | $9,901 |
| Refunds | 940 | 71.8% | $2.98M | $3,168 |
Frequently asked questions
- What is the average income in ZIP code 79504?
- For tax year 2022, the average adjusted gross income on the 1,310 individual tax returns filed in 79504 was $71,609, compared with $93,613 for Texas.
- How many people in 79504 get the earned income tax credit?
- 230 returns in 79504 (17.6%) 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