Home » Texas » HARRIS County » ZIP Code 77027 » Tax Stats

77027 Income Tax Overview

Total Number of Tax Returns for ZIP Code 77027 [1]	8,179
Total Number of Joint Tax Returns for ZIP Code 77027	2,216
Total Number of Dependents for ZIP Code 77027	1,321
Total Adjusted Gross Income for ZIP Code 77027	1,687,546,811
Average Income per Person for ZIP Code 77027	$117,755

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]	1,045
Number of joint returns	74
Number of returns with paid preparer's signature	564
Number of exemptions	868
Number of dependents	58
Adjust gross income (AGI) [2]	$1,576,135
Salaries and wages	$5,376,211
Taxable interest	$2,651,640
Ordinary dividends	$1,768,813
Business or professional net income (less loss)	$1,265,918
Net capital gain (less loss)	$4,528,735
Taxable individual retirement arrangements distributions	$156,993
Taxable pensions and annuities	$407,942
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,664,265
State and local income taxes	$80,349
State and local general sales tax	$103,115
Real estate taxes	$1,211,126
Taxes paid	$1,511,864
Mortgage interest paid	$1,312,600
Contributions	$33,354
Taxable income	$407,795
Total tax credits [5]	$3,939
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$114,882
Excess earned income credit (refundable) [7]	$87,897
Alternative minimum tax	$0
Income tax [8]	$45,997
Total tax liability [9]	$367,348
Tax due at time of filing [10]	$148,915
Overpayments refunded [11]	($1,455,296)

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

Number of returns [1]	988
Number of joint returns	63
Number of returns with paid preparer's signature	439
Number of exemptions	1,161
Number of dependents	119
Adjust gross income (AGI) [2]	$17,447,021
Salaries and wages	$12,986,674
Taxable interest	$1,059,148
Ordinary dividends	$1,008,087
Business or professional net income (less loss)	$1,556,242
Net capital gain (less loss)	$246,996
Taxable individual retirement arrangements distributions	$424,588
Taxable pensions and annuities	$876,066
Unemployment compensation [3]	$198,502
Taxable Social Security benefits	$172,642
Self-employment retirement plans	$0
Total itemized deductions [4]	$4,037,235
State and local income taxes	$0
State and local general sales tax	$91,951
Real estate taxes	$499,880
Taxes paid	$607,336
Mortgage interest paid	$737,307
Contributions	$212,785
Taxable income	$7,031,033
Total tax credits [5]	$120,927
Residential energy tax credit	$0
Child tax credit	$11,006
Child and dependent care credit	$0
Earned income credit [6]	$231,891
Excess earned income credit (refundable) [7]	$182,200
Alternative minimum tax	$0
Income tax [8]	$647,518
Total tax liability [9]	$970,077
Tax due at time of filing [10]	$190,417
Overpayments refunded [11]	($1,452,288)

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

Number of returns [1]	1,813
Number of joint returns	137
Number of returns with paid preparer's signature	669
Number of exemptions	2,188
Number of dependents	184
Adjust gross income (AGI) [2]	$68,010,755
Salaries and wages	$58,237,532
Taxable interest	$1,221,193
Ordinary dividends	$1,860,181
Business or professional net income (less loss)	$2,887,743
Net capital gain (less loss)	$414,136
Taxable individual retirement arrangements distributions	$876,788
Taxable pensions and annuities	$1,765,742
Unemployment compensation [3]	$259,754
Taxable Social Security benefits	$1,085,700
Self-employment retirement plans	$210,893
Total itemized deductions [4]	$6,581,771
State and local income taxes	$57,228
State and local general sales tax	$220,313
Real estate taxes	$1,066,989
Taxes paid	$1,375,904
Mortgage interest paid	$1,282,960
Contributions	$699,787
Taxable income	$45,997,447
Total tax credits [5]	$384,695
Residential energy tax credit	$0
Child tax credit	$95,830
Child and dependent care credit	$18,555
Earned income credit [6]	$53,385
Excess earned income credit (refundable) [7]	$40,781
Alternative minimum tax	$0
Income tax [8]	$5,813,247
Total tax liability [9]	$6,355,588
Tax due at time of filing [10]	$618,387
Overpayments refunded [11]	($2,767,673)

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

Number of returns [1]	1,227
Number of joint returns	188
Number of returns with paid preparer's signature	479
Number of exemptions	1,595
Number of dependents	122
Adjust gross income (AGI) [2]	$74,672,835
Salaries and wages	$60,866,131
Taxable interest	$1,885,566
Ordinary dividends	$2,307,822
Business or professional net income (less loss)	$3,019,888
Net capital gain (less loss)	$730,939
Taxable individual retirement arrangements distributions	$1,442,735
Taxable pensions and annuities	$2,143,916
Unemployment compensation [3]	$166,383
Taxable Social Security benefits	$2,178,472
Self-employment retirement plans	$0
Total itemized deductions [4]	$8,177,545
State and local income taxes	$110,507
State and local general sales tax	$381,553
Real estate taxes	$1,323,622
Taxes paid	$1,885,649
Mortgage interest paid	$1,909,038
Contributions	$911,986
Taxable income	$56,037,716
Total tax credits [5]	$219,931
Residential energy tax credit	$0
Child tax credit	$90,449
Child and dependent care credit	$4,990
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$17,834
Income tax [8]	$9,038,595
Total tax liability [9]	$9,701,067
Tax due at time of filing [10]	$725,276
Overpayments refunded [11]	($2,378,209)

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

Number of returns [1]	628
Number of joint returns	189
Number of returns with paid preparer's signature	296
Number of exemptions	949
Number of dependents	92
Adjust gross income (AGI) [2]	$54,230,210
Salaries and wages	$41,198,794
Taxable interest	$2,056,794
Ordinary dividends	$1,956,545
Business or professional net income (less loss)	$2,161,040
Net capital gain (less loss)	$1,132,225
Taxable individual retirement arrangements distributions	$1,253,237
Taxable pensions and annuities	$2,130,005
Unemployment compensation [3]	$42,448
Taxable Social Security benefits	$2,007,727
Self-employment retirement plans	$145,605
Total itemized deductions [4]	$6,107,477
State and local income taxes	$123,643
State and local general sales tax	$302,970
Real estate taxes	$1,243,283
Taxes paid	$1,714,145
Mortgage interest paid	$1,660,038
Contributions	$724,883
Taxable income	$42,083,398
Total tax credits [5]	$161,594
Residential energy tax credit	$0
Child tax credit	$65,802
Child and dependent care credit	$7,379
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$7,304,085
Total tax liability [9]	$7,810,161
Tax due at time of filing [10]	$691,748
Overpayments refunded [11]	($1,505,255)

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

Number of returns [1]	1,067
Number of joint returns	518
Number of returns with paid preparer's signature	657
Number of exemptions	1,974
Number of dependents	239
Adjust gross income (AGI) [2]	$150,464,854
Salaries and wages	$96,508,399
Taxable interest	$5,521,539
Ordinary dividends	$10,784,758
Business or professional net income (less loss)	$10,443,897
Net capital gain (less loss)	$5,222,163
Taxable individual retirement arrangements distributions	$5,540,865
Taxable pensions and annuities	$5,542,385
Unemployment compensation [3]	$130,711
Taxable Social Security benefits	$5,078,354
Self-employment retirement plans	$1,176,311
Total itemized deductions [4]	$23,950,784
State and local income taxes	$491,891
State and local general sales tax	$1,240,359
Real estate taxes	$5,286,151
Taxes paid	$7,109,948
Mortgage interest paid	$7,059,826
Contributions	$3,145,164
Taxable income	$116,958,836
Total tax credits [5]	$555,002
Residential energy tax credit	$0
Child tax credit	$73,950
Child and dependent care credit	$17,752
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$357,864
Income tax [8]	$22,818,656
Total tax liability [9]	$24,455,358
Tax due at time of filing [10]	$2,545,585
Overpayments refunded [11]	($4,879,797)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	1,411
Number of joint returns	1,047
Number of returns with paid preparer's signature	1,126
Number of exemptions	3,383
Number of dependents	507
Adjust gross income (AGI) [2]	$1,321,145,001
Salaries and wages	$527,842,204
Taxable interest	$71,710,314
Ordinary dividends	$145,130,597
Business or professional net income (less loss)	$57,158,497
Net capital gain (less loss)	$295,447,432
Taxable individual retirement arrangements distributions	$13,400,453
Taxable pensions and annuities	$13,253,686
Unemployment compensation [3]	$0
Taxable Social Security benefits	$7,509,456
Self-employment retirement plans	$6,772,628
Total itemized deductions [4]	$185,465,683
State and local income taxes	$9,058,359
State and local general sales tax	$4,364,346
Real estate taxes	$22,284,495
Taxes paid	$36,453,923
Mortgage interest paid	$25,062,905
Contributions	$55,231,573
Taxable income	$1,130,565,163
Total tax credits [5]	$7,842,914
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$42,978
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$9,381,628
Income tax [8]	$300,616,917
Total tax liability [9]	$309,604,319
Tax due at time of filing [10]	$21,116,095
Overpayments refunded [11]	($34,673,149)

[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.