Home » Texas » DALLAS County » DALLAS, TX » ZIP Code 75241 » Tax Stats

75241 Income Tax Overview

Total Number of Tax Returns for ZIP Code 75241 [1]	12,299
Total Number of Joint Tax Returns for ZIP Code 75241	1,596
Total Number of Dependents for ZIP Code 75241	6,851
Total Adjusted Gross Income for ZIP Code 75241	318,791,527
Average Income per Person for ZIP Code 75241	$11,778

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]	2,547
Number of joint returns	114
Number of returns with paid preparer's signature	1,455
Number of exemptions	3,562
Number of dependents	936
Adjust gross income (AGI) [2]	$13,305,409
Salaries and wages	$11,813,471
Taxable interest	$69,141
Ordinary dividends	$8,399
Business or professional net income (less loss)	$1,002,248
Net capital gain (less loss)	$5,803
Taxable individual retirement arrangements distributions	$132,801
Taxable pensions and annuities	$853,911
Unemployment compensation [3]	$259,213
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$665,980
State and local income taxes	$0
State and local general sales tax	$16,453
Real estate taxes	$72,921
Taxes paid	$102,234
Mortgage interest paid	$263,034
Contributions	$67,384
Taxable income	$261,720
Total tax credits [5]	$1,119
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$2,244,324
Excess earned income credit (refundable) [7]	$2,014,148
Alternative minimum tax	$0
Income tax [8]	$25,342
Total tax liability [9]	$333,981
Tax due at time of filing [10]	$38,964
Overpayments refunded [11]	($3,687,799)

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

Number of returns [1]	4,520
Number of joint returns	354
Number of returns with paid preparer's signature	3,065
Number of exemptions	9,648
Number of dependents	2,931
Adjust gross income (AGI) [2]	$77,466,419
Salaries and wages	$68,426,858
Taxable interest	$233,137
Ordinary dividends	$53,821
Business or professional net income (less loss)	$1,902,804
Net capital gain (less loss)	($25,689)
Taxable individual retirement arrangements distributions	$762,109
Taxable pensions and annuities	$4,837,397
Unemployment compensation [3]	$1,730,929
Taxable Social Security benefits	$168,263
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,725,357
State and local income taxes	$16,358
State and local general sales tax	$134,655
Real estate taxes	$367,429
Taxes paid	$811,136
Mortgage interest paid	$1,093,628
Contributions	$698,560
Taxable income	$16,245,065
Total tax credits [5]	$576,012
Residential energy tax credit	$0
Child tax credit	$280,295
Child and dependent care credit	$65,857
Earned income credit [6]	$9,403,668
Excess earned income credit (refundable) [7]	$8,636,879
Alternative minimum tax	$0
Income tax [8]	$1,168,786
Total tax liability [9]	$1,988,516
Tax due at time of filing [10]	$148,170
Overpayments refunded [11]	($16,060,612)

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

Number of returns [1]	3,941
Number of joint returns	535
Number of returns with paid preparer's signature	2,375
Number of exemptions	8,813
Number of dependents	2,401
Adjust gross income (AGI) [2]	$136,660,828
Salaries and wages	$124,136,017
Taxable interest	$285,594
Ordinary dividends	$25,166
Business or professional net income (less loss)	($1,118,838)
Net capital gain (less loss)	($34,723)
Taxable individual retirement arrangements distributions	$1,299,063
Taxable pensions and annuities	$10,186,946
Unemployment compensation [3]	$893,619
Taxable Social Security benefits	$1,552,138
Self-employment retirement plans	$0
Total itemized deductions [4]	$14,571,709
State and local income taxes	$77,513
State and local general sales tax	$834,236
Real estate taxes	$1,553,503
Taxes paid	$2,626,489
Mortgage interest paid	$4,379,591
Contributions	$3,336,288
Taxable income	$68,640,652
Total tax credits [5]	$2,474,202
Residential energy tax credit	$16,794
Child tax credit	$1,477,445
Child and dependent care credit	$305,936
Earned income credit [6]	$1,800,722
Excess earned income credit (refundable) [7]	$1,546,848
Alternative minimum tax	$0
Income tax [8]	$6,024,659
Total tax liability [9]	$6,292,885
Tax due at time of filing [10]	$431,405
Overpayments refunded [11]	($11,271,979)

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

Number of returns [1]	912
Number of joint returns	330
Number of returns with paid preparer's signature	564
Number of exemptions	2,001
Number of dependents	434
Adjust gross income (AGI) [2]	$54,289,030
Salaries and wages	$42,602,991
Taxable interest	$325,731
Ordinary dividends	$34,860
Business or professional net income (less loss)	($49,222)
Net capital gain (less loss)	$27,227
Taxable individual retirement arrangements distributions	$1,253,642
Taxable pensions and annuities	$7,606,867
Unemployment compensation [3]	$195,972
Taxable Social Security benefits	$2,261,874
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,372,449
State and local income taxes	$53,534
State and local general sales tax	$415,908
Real estate taxes	$730,381
Taxes paid	$1,298,252
Mortgage interest paid	$1,952,523
Contributions	$2,203,207
Taxable income	$35,485,477
Total tax credits [5]	$507,353
Residential energy tax credit	$0
Child tax credit	$376,722
Child and dependent care credit	$50,499
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,682,399
Total tax liability [9]	$4,778,626
Tax due at time of filing [10]	$387,126
Overpayments refunded [11]	($2,157,053)

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

Number of returns [1]	266
Number of joint returns	179
Number of returns with paid preparer's signature	163
Number of exemptions	644
Number of dependents	107
Adjust gross income (AGI) [2]	$22,720,204
Salaries and wages	$15,702,146
Taxable interest	$140,157
Ordinary dividends	$22,897
Business or professional net income (less loss)	$282,318
Net capital gain (less loss)	($1,592)
Taxable individual retirement arrangements distributions	$796,461
Taxable pensions and annuities	$4,556,456
Unemployment compensation [3]	$142,683
Taxable Social Security benefits	$1,189,749
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,697,783
State and local income taxes	$27,835
State and local general sales tax	$175,999
Real estate taxes	$261,780
Taxes paid	$463,900
Mortgage interest paid	$573,492
Contributions	$1,094,689
Taxable income	$16,403,491
Total tax credits [5]	$139,211
Residential energy tax credit	$0
Child tax credit	$95,600
Child and dependent care credit	$18,662
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,409,208
Total tax liability [9]	$2,503,359
Tax due at time of filing [10]	$327,881
Overpayments refunded [11]	($585,857)

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

Number of returns [1]	113
Number of joint returns	84
Number of returns with paid preparer's signature	67
Number of exemptions	277
Number of dependents	42
Adjust gross income (AGI) [2]	$14,349,637
Salaries and wages	$8,422,878
Taxable interest	$138,413
Ordinary dividends	$27,989
Business or professional net income (less loss)	$353,659
Net capital gain (less loss)	$33,030
Taxable individual retirement arrangements distributions	$804,337
Taxable pensions and annuities	$2,868,667
Unemployment compensation [3]	$0
Taxable Social Security benefits	$426,454
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,570,405
State and local income taxes	$0
State and local general sales tax	$113,449
Real estate taxes	$156,447
Taxes paid	$325,169
Mortgage interest paid	$301,407
Contributions	$646,852
Taxable income	$11,322,031
Total tax credits [5]	$35,795
Residential energy tax credit	$0
Child tax credit	$30,750
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$2,016,551
Total tax liability [9]	$2,103,794
Tax due at time of filing [10]	$348,850
Overpayments refunded [11]	($180,775)

[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.