Home » Texas » DALLAS County » ZIP Code 75104 » Tax Stats

75104 Income Tax Overview

Total Number of Tax Returns for ZIP Code 75104 [1]	19,251
Total Number of Joint Tax Returns for ZIP Code 75104	6,338
Total Number of Dependents for ZIP Code 75104	9,204
Total Adjusted Gross Income for ZIP Code 75104	1,013,384,876
Average Income per Person for ZIP Code 75104	$22,335

The following tables break down the Income Tax Statistics into different Gross Income levels.

Adjusted Gross Income: Under $10,000 [1]

Number of returns [1]	2,834
Number of joint returns	186
Number of returns with paid preparer's signature	1,202
Number of exemptions	2,689
Number of dependents	524
Adjust gross income (AGI) [2]	$12,128,459
Salaries and wages	$13,968,296
Taxable interest	$574,062
Ordinary dividends	$244,846
Business or professional net income (less loss)	($867,181)
Net capital gain (less loss)	($81,101)
Taxable individual retirement arrangements distributions	$243,115
Taxable pensions and annuities	$720,687
Unemployment compensation [3]	$207,847
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,195,952
State and local income taxes	$5,802
State and local general sales tax	$45,789
Real estate taxes	$706,280
Taxes paid	$770,774
Mortgage interest paid	$1,238,658
Contributions	$99,674
Taxable income	$723,052
Total tax credits [5]	$1,874
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,208,174
Excess earned income credit (refundable) [7]	$1,068,793
Alternative minimum tax	$0
Income tax [8]	$70,111
Total tax liability [9]	$345,849
Tax due at time of filing [10]	$83,468
Overpayments refunded [11]	($2,478,367)

Adjusted Gross Income: $10,000 under $25,000

Number of returns [1]	4,018
Number of joint returns	483
Number of returns with paid preparer's signature	2,297
Number of exemptions	7,671
Number of dependents	2,026
Adjust gross income (AGI) [2]	$70,124,843
Salaries and wages	$64,774,935
Taxable interest	$637,785
Ordinary dividends	$400,265
Business or professional net income (less loss)	($86,811)
Net capital gain (less loss)	($37,115)
Taxable individual retirement arrangements distributions	$1,077,426
Taxable pensions and annuities	$3,735,402
Unemployment compensation [3]	$1,269,303
Taxable Social Security benefits	$201,888
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,713,316
State and local income taxes	$21,303
State and local general sales tax	$286,146
Real estate taxes	$1,377,673
Taxes paid	$1,750,350
Mortgage interest paid	$3,173,204
Contributions	$900,016
Taxable income	$17,586,270
Total tax credits [5]	$528,907
Residential energy tax credit	$0
Child tax credit	$187,466
Child and dependent care credit	$82,383
Earned income credit [6]	$6,153,815
Excess earned income credit (refundable) [7]	$5,513,917
Alternative minimum tax	$0
Income tax [8]	$1,386,252
Total tax liability [9]	$2,293,419
Tax due at time of filing [10]	$250,443
Overpayments refunded [11]	($11,670,452)

Adjusted Gross Income: $25,000 under $50,000

Number of returns [1]	5,315
Number of joint returns	1,037
Number of returns with paid preparer's signature	2,849
Number of exemptions	11,426
Number of dependents	2,833
Adjust gross income (AGI) [2]	$194,804,138
Salaries and wages	$182,919,338
Taxable interest	$1,076,934
Ordinary dividends	$539,361
Business or professional net income (less loss)	($1,182,739)
Net capital gain (less loss)	$126,770
Taxable individual retirement arrangements distributions	$1,869,135
Taxable pensions and annuities	$8,034,126
Unemployment compensation [3]	$1,441,681
Taxable Social Security benefits	$2,056,953
Self-employment retirement plans	$0
Total itemized deductions [4]	$32,361,309
State and local income taxes	$189,210
State and local general sales tax	$1,637,253
Real estate taxes	$5,720,779
Taxes paid	$7,882,257
Mortgage interest paid	$12,759,351
Contributions	$5,438,059
Taxable income	$98,643,614
Total tax credits [5]	$3,332,694
Residential energy tax credit	$17,768
Child tax credit	$1,945,136
Child and dependent care credit	$451,456
Earned income credit [6]	$1,704,152
Excess earned income credit (refundable) [7]	$1,458,795
Alternative minimum tax	$0
Income tax [8]	$9,085,155
Total tax liability [9]	$9,994,643
Tax due at time of filing [10]	$746,978
Overpayments refunded [11]	($14,692,087)

Adjusted Gross Income: $50,000 under $75,000

Number of returns [1]	3,074
Number of joint returns	1,361
Number of returns with paid preparer's signature	1,581
Number of exemptions	7,420
Number of dependents	1,619
Adjust gross income (AGI) [2]	$187,482,761
Salaries and wages	$168,110,257
Taxable interest	$1,553,171
Ordinary dividends	$735,822
Business or professional net income (less loss)	$1,017,631
Net capital gain (less loss)	$132,172
Taxable individual retirement arrangements distributions	$2,904,660
Taxable pensions and annuities	$10,052,109
Unemployment compensation [3]	$838,253
Taxable Social Security benefits	$3,737,239
Self-employment retirement plans	$162,160
Total itemized deductions [4]	$36,253,429
State and local income taxes	$268,964
State and local general sales tax	$2,027,260
Real estate taxes	$6,460,273
Taxes paid	$9,040,540
Mortgage interest paid	$13,884,500
Contributions	$7,029,335
Taxable income	$114,955,863
Total tax credits [5]	$2,410,906
Residential energy tax credit	$21,807
Child tax credit	$1,783,151
Child and dependent care credit	$213,722
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$14,551
Income tax [8]	$14,110,027
Total tax liability [9]	$14,941,957
Tax due at time of filing [10]	$990,464
Overpayments refunded [11]	($8,918,759)

Adjusted Gross Income: $75,000 under $100,000

Number of returns [1]	1,797
Number of joint returns	1,323
Number of returns with paid preparer's signature	862
Number of exemptions	4,973
Number of dependents	987
Adjust gross income (AGI) [2]	$155,020,297
Salaries and wages	$134,908,509
Taxable interest	$1,267,199
Ordinary dividends	$892,870
Business or professional net income (less loss)	$1,813,918
Net capital gain (less loss)	$238,642
Taxable individual retirement arrangements distributions	$3,190,982
Taxable pensions and annuities	$9,698,996
Unemployment compensation [3]	$562,547
Taxable Social Security benefits	$3,078,095
Self-employment retirement plans	$0
Total itemized deductions [4]	$28,259,083
State and local income taxes	$214,139
State and local general sales tax	$1,709,451
Real estate taxes	$5,128,854
Taxes paid	$7,285,965
Mortgage interest paid	$10,697,134
Contributions	$5,936,538
Taxable income	$103,971,966
Total tax credits [5]	$1,821,934
Residential energy tax credit	$8,562
Child tax credit	$1,232,920
Child and dependent care credit	$182,434
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$30,542
Income tax [8]	$13,812,362
Total tax liability [9]	$14,606,830
Tax due at time of filing [10]	$933,705
Overpayments refunded [11]	($5,192,834)

Adjusted Gross Income: $100,000 under $200,000

Number of returns [1]	1,847
Number of joint returns	1,612
Number of returns with paid preparer's signature	907
Number of exemptions	5,304
Number of dependents	1,012
Adjust gross income (AGI) [2]	$239,868,862
Salaries and wages	$204,445,256
Taxable interest	$2,345,587
Ordinary dividends	$1,788,557
Business or professional net income (less loss)	$5,570,136
Net capital gain (less loss)	$827,235
Taxable individual retirement arrangements distributions	$4,364,699
Taxable pensions and annuities	$14,009,031
Unemployment compensation [3]	$340,329
Taxable Social Security benefits	$3,250,644
Self-employment retirement plans	$318,316
Total itemized deductions [4]	$40,884,232
State and local income taxes	$413,128
State and local general sales tax	$2,569,069
Real estate taxes	$8,244,905
Taxes paid	$11,429,736
Mortgage interest paid	$15,822,140
Contributions	$8,954,402
Taxable income	$176,453,668
Total tax credits [5]	$1,025,338
Residential energy tax credit	$10,661
Child tax credit	$690,650
Child and dependent care credit	$187,579
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$149,932
Income tax [8]	$30,634,834
Total tax liability [9]	$31,899,548
Tax due at time of filing [10]	$2,405,813
Overpayments refunded [11]	($5,327,274)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	366
Number of joint returns	336
Number of returns with paid preparer's signature	261
Number of exemptions	1,106
Number of dependents	203
Adjust gross income (AGI) [2]	$153,955,516
Salaries and wages	$95,081,558
Taxable interest	$2,549,453
Ordinary dividends	$2,718,997
Business or professional net income (less loss)	$9,314,441
Net capital gain (less loss)	$10,059,121
Taxable individual retirement arrangements distributions	$939,570
Taxable pensions and annuities	$3,222,455
Unemployment compensation [3]	$0
Taxable Social Security benefits	$1,010,654
Self-employment retirement plans	$635,983
Total itemized deductions [4]	$21,042,333
State and local income taxes	$720,912
State and local general sales tax	$1,013,349
Real estate taxes	$3,955,063
Taxes paid	$5,757,210
Mortgage interest paid	$6,148,071
Contributions	$7,175,278
Taxable income	$129,393,418
Total tax credits [5]	$149,872
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$21,003
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$614,980
Income tax [8]	$34,678,580
Total tax liability [9]	$36,107,656
Tax due at time of filing [10]	$4,731,467
Overpayments refunded [11]	($2,879,138)

[1] Includes returns with adjusted gross deficit.

[2] Less deficit.

[3] Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ's. This fund only applies to statistics in the U.S. totals, and the state of Alaska.

[4] "Itemized deductions" include any amounts reported by the taxpayer, even if they could not be used in computing "taxable income," the base on which the regular income tax was computed. Thus, total itemized deductions include amounts that did not have to be reported by taxpayers with no "adjusted gross income." (Adjusted gross income is the total from which these deductions would normally be subtracted.) In addition, if standard and itemized deductions were both reported on a tax return, the form of deduction actually used in computing income tax was the one used for the statistics. Therefore, if the standard deduction was the form of deduction used, the total reported for itemized deductions was excluded from the statistics. However, the component deductions were not similarly excluded. As a result, the number of returns and related amounts for the component deductions are slightly overstated in relation to the grand total shown for itemized deductions. These components are also overstated in relation to the total because there was a statutory limitation on the total of itemized deductions that could be claimed by certain high-income taxpayers. This limitation did not affect the component deductions, the sum of which therefore exceeded the total used in computing income tax.

[5] "Total tax credits" excludes the "earned income credit" which is shown separately.

[6] "Earned income credit" includes both the refundable and non-refundable portions. The non-refundable portion could reduce income tax and certain related taxes to zero. The earned income credit amounts in excess of total tax liability, or amounts when there was no tax liability at all, were refundable. See footnote 7 below for explanation of the refundable portion of the earned income credit.

[7] The refundable portion of the "earned income credit" equals "total income tax" minus the "earned income credit". If the result is negative, this amount is considered the refundable portion.

[8] "Income tax" is in general, the same as "income tax after credits" which was redefined in Tax Year 2000 to include the "alternative minimum tax (AMT)". Zip Code table "Income tax" differs from "total income tax" (in other tables) in that the Zip Code table "Income tax" is after the subtraction of all tax credits except the earned income credit. See footnote 6 and 7 above, for an explanation of the treatment of the earned income credit. "Income tax" reflects the amount reported on the tax return and is, therefore, before any examination or enforcement activities by the Internal Revenue Service. It represents the tax filer reported income tax liability that was payable to the U.S. Department of the Treasury.

[9] For the Zip Code tables, "Total tax liability" differs from "Income tax," in that "Total tax liability" includes the taxes from recapture of certain prior-year credits, tax applicable to individual retirement arrangements (IRA's), Social Security taxes on self-employment income and on certain tip income, advanced earned income payments, household employment taxes, and certain "other taxes" listed in the Form 1040 instructions.

[10] Reflects payments to or withholdings made to "Total tax liability" (footnote 9). The amount the tax filer owes when the income tax return is filed.

[11] The amount of overpayments the tax filer requested to have refunded.