Home » Texas » HARRIS County » ZIP Code 77023 » Tax Stats

77023 Income Tax Overview

Total Number of Tax Returns for ZIP Code 77023 [1]	11,006
Total Number of Joint Tax Returns for ZIP Code 77023	3,450
Total Number of Dependents for ZIP Code 77023	5,706
Total Adjusted Gross Income for ZIP Code 77023	361,517,452
Average Income per Person for ZIP Code 77023	$12,467

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]	1,972
Number of joint returns	260
Number of returns with paid preparer's signature	1,225
Number of exemptions	2,550
Number of dependents	492
Adjust gross income (AGI) [2]	$9,754,342
Salaries and wages	$8,479,283
Taxable interest	$251,730
Ordinary dividends	$70,964
Business or professional net income (less loss)	$1,815,782
Net capital gain (less loss)	$46,491
Taxable individual retirement arrangements distributions	$112,352
Taxable pensions and annuities	$432,563
Unemployment compensation [3]	$70,543
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$597,248
State and local income taxes	$0
State and local general sales tax	$16,837
Real estate taxes	$69,825
Taxes paid	$93,255
Mortgage interest paid	$234,093
Contributions	$0
Taxable income	$301,850
Total tax credits [5]	$550
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$1,035,908
Excess earned income credit (refundable) [7]	$840,229
Alternative minimum tax	$0
Income tax [8]	$27,907
Total tax liability [9]	$385,303
Tax due at time of filing [10]	$126,641
Overpayments refunded [11]	($1,567,620)

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

Number of returns [1]	3,635
Number of joint returns	743
Number of returns with paid preparer's signature	2,556
Number of exemptions	8,162
Number of dependents	2,129
Adjust gross income (AGI) [2]	$62,592,939
Salaries and wages	$51,399,848
Taxable interest	$482,578
Ordinary dividends	$86,339
Business or professional net income (less loss)	$8,447,535
Net capital gain (less loss)	($4,556)
Taxable individual retirement arrangements distributions	$348,140
Taxable pensions and annuities	$1,751,152
Unemployment compensation [3]	$549,684
Taxable Social Security benefits	$56,545
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,943,001
State and local income taxes	$0
State and local general sales tax	$70,295
Real estate taxes	$227,592
Taxes paid	$333,534
Mortgage interest paid	$536,990
Contributions	$141,633
Taxable income	$13,820,875
Total tax credits [5]	$410,451
Residential energy tax credit	$0
Child tax credit	$192,985
Child and dependent care credit	$20,203
Earned income credit [6]	$5,723,978
Excess earned income credit (refundable) [7]	$4,732,317
Alternative minimum tax	$0
Income tax [8]	$1,094,975
Total tax liability [9]	$2,393,154
Tax due at time of filing [10]	$256,960
Overpayments refunded [11]	($9,859,219)

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

Number of returns [1]	3,542
Number of joint returns	1,307
Number of returns with paid preparer's signature	2,367
Number of exemptions	9,281
Number of dependents	2,128
Adjust gross income (AGI) [2]	$124,938,048
Salaries and wages	$117,381,503
Taxable interest	$543,160
Ordinary dividends	$151,982
Business or professional net income (less loss)	$2,570,580
Net capital gain (less loss)	$150,118
Taxable individual retirement arrangements distributions	$676,152
Taxable pensions and annuities	$2,320,558
Unemployment compensation [3]	$539,347
Taxable Social Security benefits	$778,306
Self-employment retirement plans	$84,129
Total itemized deductions [4]	$7,417,784
State and local income taxes	$34,030
State and local general sales tax	$397,565
Real estate taxes	$739,875
Taxes paid	$1,244,524
Mortgage interest paid	$1,520,985
Contributions	$601,740
Taxable income	$59,698,787
Total tax credits [5]	$2,004,077
Residential energy tax credit	$0
Child tax credit	$1,477,524
Child and dependent care credit	$103,941
Earned income credit [6]	$1,276,714
Excess earned income credit (refundable) [7]	$1,086,369
Alternative minimum tax	$0
Income tax [8]	$5,395,973
Total tax liability [9]	$5,932,562
Tax due at time of filing [10]	$381,770
Overpayments refunded [11]	($10,050,301)

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

Number of returns [1]	1,071
Number of joint returns	585
Number of returns with paid preparer's signature	654
Number of exemptions	2,846
Number of dependents	559
Adjust gross income (AGI) [2]	$64,476,603
Salaries and wages	$59,001,988
Taxable interest	$422,724
Ordinary dividends	$109,244
Business or professional net income (less loss)	$957,914
Net capital gain (less loss)	$63,924
Taxable individual retirement arrangements distributions	$682,874
Taxable pensions and annuities	$2,234,496
Unemployment compensation [3]	$152,714
Taxable Social Security benefits	$988,744
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,436,526
State and local income taxes	$37,709
State and local general sales tax	$314,113
Real estate taxes	$691,897
Taxes paid	$1,118,232
Mortgage interest paid	$1,399,371
Contributions	$669,996
Taxable income	$41,554,974
Total tax credits [5]	$842,618
Residential energy tax credit	$0
Child tax credit	$684,409
Child and dependent care credit	$26,921
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$5,221,428
Total tax liability [9]	$5,438,583
Tax due at time of filing [10]	$293,483
Overpayments refunded [11]	($3,074,497)

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

Number of returns [1]	423
Number of joint returns	285
Number of returns with paid preparer's signature	231
Number of exemptions	1,171
Number of dependents	232
Adjust gross income (AGI) [2]	$36,351,671
Salaries and wages	$32,055,899
Taxable interest	$322,694
Ordinary dividends	$155,907
Business or professional net income (less loss)	$862,948
Net capital gain (less loss)	$111,198
Taxable individual retirement arrangements distributions	$517,865
Taxable pensions and annuities	$1,677,387
Unemployment compensation [3]	$147,890
Taxable Social Security benefits	$627,303
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,686,304
State and local income taxes	$0
State and local general sales tax	$238,379
Real estate taxes	$531,943
Taxes paid	$856,483
Mortgage interest paid	$1,025,294
Contributions	$554,813
Taxable income	$26,034,389
Total tax credits [5]	$383,530
Residential energy tax credit	$0
Child tax credit	$281,499
Child and dependent care credit	$21,147
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,740,677
Total tax liability [9]	$3,948,410
Tax due at time of filing [10]	$192,347
Overpayments refunded [11]	($1,404,628)

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

Number of returns [1]	305
Number of joint returns	225
Number of returns with paid preparer's signature	140
Number of exemptions	780
Number of dependents	137
Adjust gross income (AGI) [2]	$39,459,783
Salaries and wages	$31,617,169
Taxable interest	$746,506
Ordinary dividends	$468,243
Business or professional net income (less loss)	$1,523,800
Net capital gain (less loss)	$798,235
Taxable individual retirement arrangements distributions	$681,115
Taxable pensions and annuities	$2,727,334
Unemployment compensation [3]	$0
Taxable Social Security benefits	$766,424
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,877,648
State and local income taxes	$58,216
State and local general sales tax	$270,250
Real estate taxes	$654,815
Taxes paid	$1,018,753
Mortgage interest paid	$1,182,117
Contributions	$537,330
Taxable income	$31,264,495
Total tax credits [5]	$148,510
Residential energy tax credit	$0
Child tax credit	$90,779
Child and dependent care credit	$21,603
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$23,339
Income tax [8]	$5,706,373
Total tax liability [9]	$5,955,497
Tax due at time of filing [10]	$512,453
Overpayments refunded [11]	($829,882)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	58
Number of joint returns	45
Number of returns with paid preparer's signature	37
Number of exemptions	163
Number of dependents	29
Adjust gross income (AGI) [2]	$23,944,066
Salaries and wages	$12,544,225
Taxable interest	$1,000,814
Ordinary dividends	$454,583
Business or professional net income (less loss)	$561,084
Net capital gain (less loss)	$2,709,555
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$0
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$1,539,469
State and local income taxes	$0
State and local general sales tax	$105,519
Real estate taxes	$243,166
Taxes paid	$371,462
Mortgage interest paid	$362,094
Contributions	$268,968
Taxable income	$21,772,338
Total tax credits [5]	$20,136
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	$81,296
Income tax [8]	$5,415,164
Total tax liability [9]	$5,570,836
Tax due at time of filing [10]	$916,632
Overpayments refunded [11]	($329,863)

[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.