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ZIP Code 79718 Income and Tax Statistics
Balmorhea, TX. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 290
- 520 people on returns
- Average adjusted gross income
- $94,838
- Texas $93,613
- Average salaries and wages
- $49,391
- Returns with wages
- Average income tax
- $28,716
- Texas $19,415
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,9999031.0%
- $25,000 to $49,9997024.1%
- $50,000 to $74,9996020.7%
- $75,000 to $99,9993010.3%
- $100,000 to $199,9994013.8%
- $200,000 or more00.0%
Income, credits and taxes in 79718
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 | 230 | 79.3% | $11.36M | $49,391 |
| Business or professional income | 50 | 17.2% | $221K | $4,420 |
| Net capital gains | 0 | 0.0% | $0 | Not shown |
| Taxable pensions and annuities | 50 | 17.2% | $992K | $19,840 |
| Taxable Social Security benefits | 40 | 13.8% | $514K | $12,850 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 50 | 17.2% | $145K | $2,900 |
| Refundable child tax credit | 40 | 13.8% | $69K | $1,725 |
| Income tax after credits | 190 | 65.5% | $5.46M | $28,716 |
| Refunds | 200 | 69.0% | $558K | $2,790 |
Frequently asked questions
- What is the average income in ZIP code 79718?
- For tax year 2022, the average adjusted gross income on the 290 individual tax returns filed in 79718 was $94,838, compared with $93,613 for Texas.
- How many people in 79718 get the earned income tax credit?
- 50 returns in 79718 (17.2%) 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