Home » Texas » TARRANT County » ZIP Code 76010 » Tax Stats

76010 Income Tax Overview

Total Number of Tax Returns for ZIP Code 76010 [1]	18,940
Total Number of Joint Tax Returns for ZIP Code 76010	5,487
Total Number of Dependents for ZIP Code 76010	10,680
Total Adjusted Gross Income for ZIP Code 76010	536,212,596
Average Income per Person for ZIP Code 76010	$9,626

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]	3,643
Number of joint returns	335
Number of returns with paid preparer's signature	2,017
Number of exemptions	5,150
Number of dependents	1,119
Adjust gross income (AGI) [2]	$18,526,601
Salaries and wages	$16,709,826
Taxable interest	$153,118
Ordinary dividends	$61,864
Business or professional net income (less loss)	$1,924,687
Net capital gain (less loss)	($53,846)
Taxable individual retirement arrangements distributions	$152,135
Taxable pensions and annuities	$516,989
Unemployment compensation [3]	$131,362
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,280,337
State and local income taxes	$534,948
State and local general sales tax	$30,953
Real estate taxes	$89,565
Taxes paid	$667,134
Mortgage interest paid	$240,759
Contributions	$38,943
Taxable income	$481,037
Total tax credits [5]	$817
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$2,365,438
Excess earned income credit (refundable) [7]	$2,045,597
Alternative minimum tax	$0
Income tax [8]	$48,669
Total tax liability [9]	$592,222
Tax due at time of filing [10]	$169,332
Overpayments refunded [11]	($3,611,490)

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

Number of returns [1]	7,097
Number of joint returns	1,237
Number of returns with paid preparer's signature	4,821
Number of exemptions	16,773
Number of dependents	4,562
Adjust gross income (AGI) [2]	$122,536,734
Salaries and wages	$104,167,530
Taxable interest	$678,301
Ordinary dividends	$203,047
Business or professional net income (less loss)	$10,193,464
Net capital gain (less loss)	($11,640)
Taxable individual retirement arrangements distributions	$683,036
Taxable pensions and annuities	$3,024,561
Unemployment compensation [3]	$852,981
Taxable Social Security benefits	$160,542
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,792,608
State and local income taxes	$177,049
State and local general sales tax	$118,198
Real estate taxes	$348,265
Taxes paid	$684,446
Mortgage interest paid	$778,079
Contributions	$320,189
Taxable income	$24,727,011
Total tax credits [5]	$882,532
Residential energy tax credit	$0
Child tax credit	$446,318
Child and dependent care credit	$53,213
Earned income credit [6]	$11,369,217
Excess earned income credit (refundable) [7]	$9,933,336
Alternative minimum tax	$0
Income tax [8]	$1,782,002
Total tax liability [9]	$3,604,545
Tax due at time of filing [10]	$432,553
Overpayments refunded [11]	($20,470,097)

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

Number of returns [1]	5,707
Number of joint returns	2,187
Number of returns with paid preparer's signature	3,743
Number of exemptions	16,344
Number of dependents	3,678
Adjust gross income (AGI) [2]	$199,010,225
Salaries and wages	$174,457,285
Taxable interest	$995,820
Ordinary dividends	$413,155
Business or professional net income (less loss)	$4,527,022
Net capital gain (less loss)	$45,350
Taxable individual retirement arrangements distributions	$1,341,922
Taxable pensions and annuities	$6,470,732
Unemployment compensation [3]	$923,662
Taxable Social Security benefits	$2,104,844
Self-employment retirement plans	$0
Total itemized deductions [4]	$9,587,798
State and local income taxes	$80,155
State and local general sales tax	$581,295
Real estate taxes	$1,154,234
Taxes paid	$1,906,791
Mortgage interest paid	$2,885,302
Contributions	$1,296,423
Taxable income	$90,591,336
Total tax credits [5]	$3,614,941
Residential energy tax credit	$6,762
Child tax credit	$2,669,670
Child and dependent care credit	$250,871
Earned income credit [6]	$2,070,725
Excess earned income credit (refundable) [7]	$1,724,343
Alternative minimum tax	$0
Income tax [8]	$7,419,282
Total tax liability [9]	$8,311,832
Tax due at time of filing [10]	$848,330
Overpayments refunded [11]	($15,116,096)

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

Number of returns [1]	1,648
Number of joint returns	1,055
Number of returns with paid preparer's signature	974
Number of exemptions	4,960
Number of dependents	933
Adjust gross income (AGI) [2]	$99,019,807
Salaries and wages	$81,943,802
Taxable interest	$896,538
Ordinary dividends	$331,522
Business or professional net income (less loss)	$1,186,537
Net capital gain (less loss)	$113,615
Taxable individual retirement arrangements distributions	$1,084,759
Taxable pensions and annuities	$5,325,171
Unemployment compensation [3]	$439,784
Taxable Social Security benefits	$2,658,166
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,655,868
State and local income taxes	$70,569
State and local general sales tax	$451,973
Real estate taxes	$884,395
Taxes paid	$1,475,797
Mortgage interest paid	$1,971,010
Contributions	$1,154,249
Taxable income	$62,790,682
Total tax credits [5]	$1,634,907
Residential energy tax credit	$0
Child tax credit	$1,414,822
Child and dependent care credit	$70,001
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,234,985
Total tax liability [9]	$7,544,899
Tax due at time of filing [10]	$606,445
Overpayments refunded [11]	($3,824,243)

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

Number of returns [1]	518
Number of joint returns	415
Number of returns with paid preparer's signature	303
Number of exemptions	1,495
Number of dependents	259
Adjust gross income (AGI) [2]	$44,103,154
Salaries and wages	$33,676,079
Taxable interest	$652,470
Ordinary dividends	$340,262
Business or professional net income (less loss)	$697,515
Net capital gain (less loss)	$47,477
Taxable individual retirement arrangements distributions	$843,829
Taxable pensions and annuities	$3,195,040
Unemployment compensation [3]	$97,090
Taxable Social Security benefits	$1,859,346
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,033,244
State and local income taxes	$30,653
State and local general sales tax	$216,906
Real estate taxes	$393,383
Taxes paid	$662,936
Mortgage interest paid	$808,657
Contributions	$654,551
Taxable income	$31,924,349
Total tax credits [5]	$475,204
Residential energy tax credit	$0
Child tax credit	$379,935
Child and dependent care credit	$26,759
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$4,322,232
Total tax liability [9]	$4,523,013
Tax due at time of filing [10]	$367,103
Overpayments refunded [11]	($1,141,948)

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

Number of returns [1]	289
Number of joint returns	238
Number of returns with paid preparer's signature	163
Number of exemptions	760
Number of dependents	118
Adjust gross income (AGI) [2]	$36,120,862
Salaries and wages	$25,630,051
Taxable interest	$584,675
Ordinary dividends	$535,282
Business or professional net income (less loss)	$1,070,391
Net capital gain (less loss)	$222,255
Taxable individual retirement arrangements distributions	$936,649
Taxable pensions and annuities	$3,923,993
Unemployment compensation [3]	$49,026
Taxable Social Security benefits	$1,183,483
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,065,508
State and local income taxes	$42,397
State and local general sales tax	$255,600
Real estate taxes	$384,176
Taxes paid	$690,709
Mortgage interest paid	$722,035
Contributions	$762,907
Taxable income	$28,634,999
Total tax credits [5]	$110,770
Residential energy tax credit	$0
Child tax credit	$84,650
Child and dependent care credit	$7,079
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$15,670
Income tax [8]	$5,136,216
Total tax liability [9]	$5,325,636
Tax due at time of filing [10]	$751,811
Overpayments refunded [11]	($555,132)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	38
Number of joint returns	20
Number of returns with paid preparer's signature	27
Number of exemptions	76
Number of dependents	11
Adjust gross income (AGI) [2]	$16,895,213
Salaries and wages	$4,210,264
Taxable interest	$777,392
Ordinary dividends	$1,061,630
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$2,287,117
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$0
Taxable Social Security benefits	$276,978
Self-employment retirement plans	$0
Total itemized deductions [4]	$925,357
State and local income taxes	$0
State and local general sales tax	$46,411
Real estate taxes	$165,345
Taxes paid	$285,874
Mortgage interest paid	$192,162
Contributions	$271,773
Taxable income	$15,613,438
Total tax credits [5]	$2,351
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$50,692
Income tax [8]	$4,127,077
Total tax liability [9]	$4,183,406
Tax due at time of filing [10]	$561,379
Overpayments refunded [11]	($80,235)

[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.