Home » Texas » TARRANT County » HALTOM CITY, TX » ZIP Code 76117 » Tax Stats

76117 Income Tax Overview

Total Number of Tax Returns for ZIP Code 76117 [1]	13,009
Total Number of Joint Tax Returns for ZIP Code 76117	4,377
Total Number of Dependents for ZIP Code 76117	5,658
Total Adjusted Gross Income for ZIP Code 76117	456,885,318
Average Income per Person for ZIP Code 76117	$14,909

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]	2,192
Number of joint returns	249
Number of returns with paid preparer's signature	1,184
Number of exemptions	2,664
Number of dependents	476
Adjust gross income (AGI) [2]	$10,355,659
Salaries and wages	$9,258,813
Taxable interest	$248,969
Ordinary dividends	$92,601
Business or professional net income (less loss)	$1,103,104
Net capital gain (less loss)	($49,515)
Taxable individual retirement arrangements distributions	$202,412
Taxable pensions and annuities	$602,949
Unemployment compensation [3]	$116,782
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$795,870
State and local income taxes	$0
State and local general sales tax	$14,025
Real estate taxes	$130,608
Taxes paid	$156,018
Mortgage interest paid	$254,460
Contributions	$22,951
Taxable income	$359,873
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,046,873
Excess earned income credit (refundable) [7]	$912,552
Alternative minimum tax	$0
Income tax [8]	$51,590
Total tax liability [9]	$303,974
Tax due at time of filing [10]	$81,835
Overpayments refunded [11]	($1,763,530)

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

Number of returns [1]	4,110
Number of joint returns	793
Number of returns with paid preparer's signature	2,582
Number of exemptions	8,383
Number of dependents	1,966
Adjust gross income (AGI) [2]	$72,407,912
Salaries and wages	$60,176,558
Taxable interest	$927,762
Ordinary dividends	$298,144
Business or professional net income (less loss)	$4,411,204
Net capital gain (less loss)	($67,656)
Taxable individual retirement arrangements distributions	$1,102,373
Taxable pensions and annuities	$3,836,770
Unemployment compensation [3]	$870,785
Taxable Social Security benefits	$192,090
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,578,626
State and local income taxes	$13,027
State and local general sales tax	$114,439
Real estate taxes	$329,510
Taxes paid	$459,122
Mortgage interest paid	$635,904
Contributions	$327,580
Taxable income	$18,384,362
Total tax credits [5]	$434,481
Residential energy tax credit	$0
Child tax credit	$209,642
Child and dependent care credit	$26,443
Earned income credit [6]	$5,053,945
Excess earned income credit (refundable) [7]	$4,486,994
Alternative minimum tax	$0
Income tax [8]	$1,568,783
Total tax liability [9]	$2,397,952
Tax due at time of filing [10]	$262,358
Overpayments refunded [11]	($10,204,880)

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

Number of returns [1]	4,035
Number of joint returns	1,419
Number of returns with paid preparer's signature	2,408
Number of exemptions	9,486
Number of dependents	2,002
Adjust gross income (AGI) [2]	$143,353,205
Salaries and wages	$125,081,005
Taxable interest	$1,400,904
Ordinary dividends	$403,391
Business or professional net income (less loss)	$2,771,880
Net capital gain (less loss)	$155,677
Taxable individual retirement arrangements distributions	$1,788,622
Taxable pensions and annuities	$6,880,368
Unemployment compensation [3]	$713,061
Taxable Social Security benefits	$2,486,333
Self-employment retirement plans	$0
Total itemized deductions [4]	$7,869,901
State and local income taxes	$47,729
State and local general sales tax	$466,663
Real estate taxes	$1,063,697
Taxes paid	$1,633,852
Mortgage interest paid	$2,195,013
Contributions	$1,061,430
Taxable income	$73,980,572
Total tax credits [5]	$2,005,971
Residential energy tax credit	$12,552
Child tax credit	$1,423,895
Child and dependent care credit	$143,666
Earned income credit [6]	$1,143,561
Excess earned income credit (refundable) [7]	$963,139
Alternative minimum tax	$0
Income tax [8]	$7,230,148
Total tax liability [9]	$7,880,816
Tax due at time of filing [10]	$643,061
Overpayments refunded [11]	($9,727,369)

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

Number of returns [1]	1,621
Number of joint returns	1,057
Number of returns with paid preparer's signature	988
Number of exemptions	4,254
Number of dependents	768
Adjust gross income (AGI) [2]	$98,259,464
Salaries and wages	$81,270,760
Taxable interest	$1,220,937
Ordinary dividends	$375,090
Business or professional net income (less loss)	$1,011,759
Net capital gain (less loss)	$379,293
Taxable individual retirement arrangements distributions	$1,419,226
Taxable pensions and annuities	$6,465,420
Unemployment compensation [3]	$530,615
Taxable Social Security benefits	$3,191,219
Self-employment retirement plans	$0
Total itemized deductions [4]	$6,587,427
State and local income taxes	$49,691
State and local general sales tax	$466,323
Real estate taxes	$885,093
Taxes paid	$1,446,478
Mortgage interest paid	$1,859,425
Contributions	$1,048,910
Taxable income	$64,344,316
Total tax credits [5]	$1,268,532
Residential energy tax credit	$0
Child tax credit	$1,051,605
Child and dependent care credit	$63,723
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,829,844
Total tax liability [9]	$8,142,015
Tax due at time of filing [10]	$650,045
Overpayments refunded [11]	($3,622,334)

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

Number of returns [1]	602
Number of joint returns	493
Number of returns with paid preparer's signature	366
Number of exemptions	1,627
Number of dependents	272
Adjust gross income (AGI) [2]	$51,803,973
Salaries and wages	$40,007,657
Taxable interest	$769,876
Ordinary dividends	$355,687
Business or professional net income (less loss)	$1,377,966
Net capital gain (less loss)	$53,857
Taxable individual retirement arrangements distributions	$957,319
Taxable pensions and annuities	$4,188,020
Unemployment compensation [3]	$144,895
Taxable Social Security benefits	$2,009,063
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,985,340
State and local income taxes	$29,942
State and local general sales tax	$275,724
Real estate taxes	$554,018
Taxes paid	$881,837
Mortgage interest paid	$1,091,718
Contributions	$861,578
Taxable income	$37,658,408
Total tax credits [5]	$460,796
Residential energy tax credit	$0
Child tax credit	$339,865
Child and dependent care credit	$33,630
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$25,961
Income tax [8]	$5,215,274
Total tax liability [9]	$5,551,748
Tax due at time of filing [10]	$542,088
Overpayments refunded [11]	($1,306,660)

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

Number of returns [1]	404
Number of joint returns	336
Number of returns with paid preparer's signature	232
Number of exemptions	1,024
Number of dependents	155
Adjust gross income (AGI) [2]	$50,644,630
Salaries and wages	$34,873,311
Taxable interest	$949,252
Ordinary dividends	$423,804
Business or professional net income (less loss)	$1,084,583
Net capital gain (less loss)	$683,964
Taxable individual retirement arrangements distributions	$1,974,171
Taxable pensions and annuities	$5,292,773
Unemployment compensation [3]	$118,231
Taxable Social Security benefits	$1,913,333
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,507,612
State and local income taxes	$125,042
State and local general sales tax	$310,639
Real estate taxes	$551,574
Taxes paid	$1,007,767
Mortgage interest paid	$1,085,467
Contributions	$1,081,194
Taxable income	$40,207,820
Total tax credits [5]	$160,180
Residential energy tax credit	$0
Child tax credit	$124,750
Child and dependent care credit	$15,918
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,174,247
Total tax liability [9]	$7,464,610
Tax due at time of filing [10]	$1,049,852
Overpayments refunded [11]	($774,500)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	45
Number of joint returns	30
Number of returns with paid preparer's signature	38
Number of exemptions	113
Number of dependents	19
Adjust gross income (AGI) [2]	$30,060,475
Salaries and wages	$9,853,952
Taxable interest	$969,981
Ordinary dividends	$536,219
Business or professional net income (less loss)	$707,341
Net capital gain (less loss)	$2,537,501
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$479,173
Unemployment compensation [3]	$0
Taxable Social Security benefits	$369,876
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,322,117
State and local income taxes	$0
State and local general sales tax	$97,309
Real estate taxes	$277,883
Taxes paid	$400,341
Mortgage interest paid	$341,201
Contributions	$647,470
Taxable income	$27,170,049
Total tax credits [5]	$2,296
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	$38,716
Income tax [8]	$7,336,447
Total tax liability [9]	$7,438,506
Tax due at time of filing [10]	$987,527
Overpayments refunded [11]	($362,173)

[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.