Home » Texas » DALLAS County » ZIP Code 75208 » Tax Stats

75208 Income Tax Overview

Total Number of Tax Returns for ZIP Code 75208 [1]	12,886
Total Number of Joint Tax Returns for ZIP Code 75208	4,021
Total Number of Dependents for ZIP Code 75208	6,678
Total Adjusted Gross Income for ZIP Code 75208	592,965,164
Average Income per Person for ZIP Code 75208	$19,653

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]	1,961
Number of joint returns	214
Number of returns with paid preparer's signature	1,085
Number of exemptions	2,688
Number of dependents	535
Adjust gross income (AGI) [2]	$7,994,012
Salaries and wages	$7,942,342
Taxable interest	$376,759
Ordinary dividends	$309,030
Business or professional net income (less loss)	$1,668,661
Net capital gain (less loss)	($52,203)
Taxable individual retirement arrangements distributions	$203,478
Taxable pensions and annuities	$424,224
Unemployment compensation [3]	$110,434
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,166,148
State and local income taxes	$0
State and local general sales tax	$13,829
Real estate taxes	$223,316
Taxes paid	$248,511
Mortgage interest paid	$427,855
Contributions	$14,324
Taxable income	$288,717
Total tax credits [5]	$1,888
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,008,977
Excess earned income credit (refundable) [7]	$842,316
Alternative minimum tax	$0
Income tax [8]	$29,076
Total tax liability [9]	$401,163
Tax due at time of filing [10]	$143,111
Overpayments refunded [11]	($1,739,359)

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

Number of returns [1]	4,018
Number of joint returns	886
Number of returns with paid preparer's signature	2,617
Number of exemptions	10,059
Number of dependents	2,626
Adjust gross income (AGI) [2]	$70,717,891
Salaries and wages	$60,191,283
Taxable interest	$575,282
Ordinary dividends	$341,846
Business or professional net income (less loss)	$7,425,078
Net capital gain (less loss)	$128,482
Taxable individual retirement arrangements distributions	$429,329
Taxable pensions and annuities	$1,793,930
Unemployment compensation [3]	$619,045
Taxable Social Security benefits	$86,754
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,340,507
State and local income taxes	$15,057
State and local general sales tax	$79,007
Real estate taxes	$414,527
Taxes paid	$519,965
Mortgage interest paid	$750,353
Contributions	$188,927
Taxable income	$13,743,174
Total tax credits [5]	$444,356
Residential energy tax credit	$0
Child tax credit	$240,524
Child and dependent care credit	$39,480
Earned income credit [6]	$5,687,573
Excess earned income credit (refundable) [7]	$4,893,349
Alternative minimum tax	$0
Income tax [8]	$1,059,990
Total tax liability [9]	$2,226,404
Tax due at time of filing [10]	$336,775
Overpayments refunded [11]	($11,201,963)

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

Number of returns [1]	3,940
Number of joint returns	1,382
Number of returns with paid preparer's signature	2,466
Number of exemptions	11,047
Number of dependents	2,431
Adjust gross income (AGI) [2]	$137,541,641
Salaries and wages	$126,889,327
Taxable interest	$780,102
Ordinary dividends	$477,938
Business or professional net income (less loss)	$4,315,177
Net capital gain (less loss)	$55,220
Taxable individual retirement arrangements distributions	$1,013,767
Taxable pensions and annuities	$3,603,618
Unemployment compensation [3]	$545,828
Taxable Social Security benefits	$913,844
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,252,662
State and local income taxes	$63,366
State and local general sales tax	$360,140
Real estate taxes	$1,289,519
Taxes paid	$1,840,142
Mortgage interest paid	$2,546,316
Contributions	$881,988
Taxable income	$63,731,117
Total tax credits [5]	$2,186,345
Residential energy tax credit	$8,682
Child tax credit	$1,603,845
Child and dependent care credit	$180,022
Earned income credit [6]	$1,332,142
Excess earned income credit (refundable) [7]	$1,171,523
Alternative minimum tax	$0
Income tax [8]	$5,704,134
Total tax liability [9]	$6,464,851
Tax due at time of filing [10]	$579,291
Overpayments refunded [11]	($10,935,571)

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

Number of returns [1]	1,275
Number of joint returns	586
Number of returns with paid preparer's signature	717
Number of exemptions	3,090
Number of dependents	544
Adjust gross income (AGI) [2]	$77,356,428
Salaries and wages	$66,733,126
Taxable interest	$1,142,475
Ordinary dividends	$634,806
Business or professional net income (less loss)	$2,881,566
Net capital gain (less loss)	$344,552
Taxable individual retirement arrangements distributions	$941,348
Taxable pensions and annuities	$3,628,179
Unemployment compensation [3]	$160,864
Taxable Social Security benefits	$1,567,295
Self-employment retirement plans	$185,395
Total itemized deductions [4]	$8,275,244
State and local income taxes	$98,419
State and local general sales tax	$470,058
Real estate taxes	$1,664,576
Taxes paid	$2,275,782
Mortgage interest paid	$3,014,590
Contributions	$1,172,937
Taxable income	$51,122,621
Total tax credits [5]	$938,115
Residential energy tax credit	$0
Child tax credit	$728,971
Child and dependent care credit	$57,202
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$6,685,234
Total tax liability [9]	$7,255,370
Tax due at time of filing [10]	$516,119
Overpayments refunded [11]	($3,437,045)

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

Number of returns [1]	587
Number of joint returns	285
Number of returns with paid preparer's signature	288
Number of exemptions	1,203
Number of dependents	175
Adjust gross income (AGI) [2]	$50,942,510
Salaries and wages	$42,663,193
Taxable interest	$783,180
Ordinary dividends	$422,349
Business or professional net income (less loss)	$1,638,437
Net capital gain (less loss)	$412,766
Taxable individual retirement arrangements distributions	$946,437
Taxable pensions and annuities	$2,385,203
Unemployment compensation [3]	$94,309
Taxable Social Security benefits	$941,088
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,619,107
State and local income taxes	$63,982
State and local general sales tax	$417,581
Real estate taxes	$1,470,599
Taxes paid	$1,983,903
Mortgage interest paid	$2,889,901
Contributions	$787,295
Taxable income	$37,878,120
Total tax credits [5]	$298,890
Residential energy tax credit	$0
Child tax credit	$229,496
Child and dependent care credit	$20,662
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$6,092,834
Total tax liability [9]	$6,515,755
Tax due at time of filing [10]	$509,435
Overpayments refunded [11]	($1,548,605)

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

Number of returns [1]	729
Number of joint returns	413
Number of returns with paid preparer's signature	399
Number of exemptions	1,532
Number of dependents	228
Adjust gross income (AGI) [2]	$99,576,774
Salaries and wages	$78,999,937
Taxable interest	$1,755,435
Ordinary dividends	$1,689,604
Business or professional net income (less loss)	$5,892,857
Net capital gain (less loss)	$1,006,312
Taxable individual retirement arrangements distributions	$1,522,826
Taxable pensions and annuities	$3,974,128
Unemployment compensation [3]	$72,155
Taxable Social Security benefits	$1,484,257
Self-employment retirement plans	$427,107
Total itemized deductions [4]	$15,810,201
State and local income taxes	$192,265
State and local general sales tax	$953,169
Real estate taxes	$3,545,023
Taxes paid	$4,752,192
Mortgage interest paid	$7,065,170
Contributions	$2,170,677
Taxable income	$77,088,320
Total tax credits [5]	$222,475
Residential energy tax credit	$0
Child tax credit	$120,317
Child and dependent care credit	$18,451
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$66,474
Income tax [8]	$15,037,511
Total tax liability [9]	$15,982,937
Tax due at time of filing [10]	$1,213,142
Overpayments refunded [11]	($2,505,478)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	376
Number of joint returns	255
Number of returns with paid preparer's signature	266
Number of exemptions	885
Number of dependents	139
Adjust gross income (AGI) [2]	$148,835,908
Salaries and wages	$94,810,147
Taxable interest	$4,017,487
Ordinary dividends	$2,728,910
Business or professional net income (less loss)	$9,174,694
Net capital gain (less loss)	$7,498,380
Taxable individual retirement arrangements distributions	$2,042,494
Taxable pensions and annuities	$2,507,279
Unemployment compensation [3]	$0
Taxable Social Security benefits	$757,363
Self-employment retirement plans	$1,218,421
Total itemized deductions [4]	$15,001,448
State and local income taxes	$275,863
State and local general sales tax	$958,846
Real estate taxes	$3,453,448
Taxes paid	$4,864,483
Mortgage interest paid	$6,180,701
Contributions	$2,924,497
Taxable income	$130,942,871
Total tax credits [5]	$121,384
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$18,283
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$533,131
Income tax [8]	$35,033,319
Total tax liability [9]	$36,213,373
Tax due at time of filing [10]	$3,362,382
Overpayments refunded [11]	($1,687,847)

[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.