Home » Texas » HARRIS County » HOUSTON, TX » ZIP Code 77041 » Tax Stats

77041 Income Tax Overview

Total Number of Tax Returns for ZIP Code 77041 [1]	15,589
Total Number of Joint Tax Returns for ZIP Code 77041	6,891
Total Number of Dependents for ZIP Code 77041	7,364
Total Adjusted Gross Income for ZIP Code 77041	1,282,445,942
Average Income per Person for ZIP Code 77041	$34,524

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]	2,600
Number of joint returns	280
Number of returns with paid preparer's signature	1,417
Number of exemptions	2,624
Number of dependents	419
Adjust gross income (AGI) [2]	$8,918,004
Salaries and wages	$11,097,828
Taxable interest	$1,248,402
Ordinary dividends	$462,835
Business or professional net income (less loss)	$2,074,803
Net capital gain (less loss)	($111,585)
Taxable individual retirement arrangements distributions	$125,244
Taxable pensions and annuities	$475,177
Unemployment compensation [3]	$57,478
Taxable Social Security benefits	$0
Self-employment retirement plans	$87,564
Total itemized deductions [4]	$2,526,370
State and local income taxes	$7,473
State and local general sales tax	$42,647
Real estate taxes	$589,641
Taxes paid	$648,334
Mortgage interest paid	$1,110,570
Contributions	$41,988
Taxable income	$696,805
Total tax credits [5]	$1,220
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$813,008
Excess earned income credit (refundable) [7]	$625,223
Alternative minimum tax	$0
Income tax [8]	$73,452
Total tax liability [9]	$577,999
Tax due at time of filing [10]	$236,801
Overpayments refunded [11]	($2,413,314)

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

Number of returns [1]	3,272
Number of joint returns	722
Number of returns with paid preparer's signature	2,146
Number of exemptions	6,980
Number of dependents	1,675
Adjust gross income (AGI) [2]	$56,994,049
Salaries and wages	$46,261,625
Taxable interest	$719,600
Ordinary dividends	$431,016
Business or professional net income (less loss)	$8,685,049
Net capital gain (less loss)	$25,884
Taxable individual retirement arrangements distributions	$577,588
Taxable pensions and annuities	$1,589,915
Unemployment compensation [3]	$474,549
Taxable Social Security benefits	$142,604
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,816,408
State and local income taxes	$0
State and local general sales tax	$131,472
Real estate taxes	$720,671
Taxes paid	$897,301
Mortgage interest paid	$1,445,900
Contributions	$223,967
Taxable income	$13,927,885
Total tax credits [5]	$359,120
Residential energy tax credit	$0
Child tax credit	$145,990
Child and dependent care credit	$23,966
Earned income credit [6]	$4,200,845
Excess earned income credit (refundable) [7]	$3,352,982
Alternative minimum tax	$0
Income tax [8]	$1,159,844
Total tax liability [9]	$2,565,259
Tax due at time of filing [10]	$410,402
Overpayments refunded [11]	($7,715,852)

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

Number of returns [1]	3,743
Number of joint returns	1,458
Number of returns with paid preparer's signature	2,339
Number of exemptions	9,601
Number of dependents	2,048
Adjust gross income (AGI) [2]	$135,730,376
Salaries and wages	$122,157,434
Taxable interest	$1,332,573
Ordinary dividends	$493,259
Business or professional net income (less loss)	$7,641,490
Net capital gain (less loss)	$425,308
Taxable individual retirement arrangements distributions	$993,083
Taxable pensions and annuities	$2,968,728
Unemployment compensation [3]	$562,981
Taxable Social Security benefits	$856,151
Self-employment retirement plans	$0
Total itemized deductions [4]	$13,560,336
State and local income taxes	$55,166
State and local general sales tax	$671,695
Real estate taxes	$2,176,495
Taxes paid	$3,566,777
Mortgage interest paid	$4,468,620
Contributions	$1,315,449
Taxable income	$65,483,187
Total tax credits [5]	$2,031,417
Residential energy tax credit	$0
Child tax credit	$1,395,950
Child and dependent care credit	$143,835
Earned income credit [6]	$1,091,629
Excess earned income credit (refundable) [7]	$809,111
Alternative minimum tax	$0
Income tax [8]	$6,130,799
Total tax liability [9]	$7,522,267
Tax due at time of filing [10]	$836,897
Overpayments refunded [11]	($9,360,354)

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

Number of returns [1]	1,900
Number of joint returns	1,060
Number of returns with paid preparer's signature	1,053
Number of exemptions	5,086
Number of dependents	961
Adjust gross income (AGI) [2]	$116,139,811
Salaries and wages	$103,040,252
Taxable interest	$1,292,975
Ordinary dividends	$668,941
Business or professional net income (less loss)	$4,312,571
Net capital gain (less loss)	$204,481
Taxable individual retirement arrangements distributions	$1,494,514
Taxable pensions and annuities	$3,690,787
Unemployment compensation [3]	$202,749
Taxable Social Security benefits	$2,008,206
Self-employment retirement plans	$0
Total itemized deductions [4]	$13,693,444
State and local income taxes	$116,133
State and local general sales tax	$815,718
Real estate taxes	$2,407,296
Taxes paid	$3,505,561
Mortgage interest paid	$4,644,957
Contributions	$1,586,276
Taxable income	$73,875,283
Total tax credits [5]	$1,636,529
Residential energy tax credit	$0
Child tax credit	$1,295,370
Child and dependent care credit	$78,228
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$9,176,037
Total tax liability [9]	$10,017,440
Tax due at time of filing [10]	$841,036
Overpayments refunded [11]	($5,272,536)

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

Number of returns [1]	1,046
Number of joint returns	756
Number of returns with paid preparer's signature	470
Number of exemptions	2,880
Number of dependents	541
Adjust gross income (AGI) [2]	$90,738,955
Salaries and wages	$79,789,519
Taxable interest	$1,231,352
Ordinary dividends	$844,910
Business or professional net income (less loss)	$3,076,615
Net capital gain (less loss)	$484,733
Taxable individual retirement arrangements distributions	$1,673,513
Taxable pensions and annuities	$2,137,861
Unemployment compensation [3]	$187,197
Taxable Social Security benefits	$1,769,929
Self-employment retirement plans	$0
Total itemized deductions [4]	$11,797,337
State and local income taxes	$121,561
State and local general sales tax	$783,555
Real estate taxes	$2,265,527
Taxes paid	$3,328,972
Mortgage interest paid	$4,247,177
Contributions	$1,613,373
Taxable income	$63,917,267
Total tax credits [5]	$966,356
Residential energy tax credit	$0
Child tax credit	$662,121
Child and dependent care credit	$54,814
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$22,345
Income tax [8]	$8,900,514
Total tax liability [9]	$9,460,735
Tax due at time of filing [10]	$600,386
Overpayments refunded [11]	($2,970,636)

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

Number of returns [1]	1,805
Number of joint returns	1,499
Number of returns with paid preparer's signature	876
Number of exemptions	5,222
Number of dependents	1,007
Adjust gross income (AGI) [2]	$252,927,810
Salaries and wages	$218,639,549
Taxable interest	$3,997,490
Ordinary dividends	$3,141,683
Business or professional net income (less loss)	$8,595,229
Net capital gain (less loss)	$1,705,900
Taxable individual retirement arrangements distributions	$4,297,163
Taxable pensions and annuities	$7,248,902
Unemployment compensation [3]	$213,169
Taxable Social Security benefits	$3,125,464
Self-employment retirement plans	$583,248
Total itemized deductions [4]	$34,182,884
State and local income taxes	$459,878
State and local general sales tax	$2,559,696
Real estate taxes	$7,885,526
Taxes paid	$11,184,543
Mortgage interest paid	$12,885,552
Contributions	$5,346,928
Taxable income	$195,434,339
Total tax credits [5]	$1,152,779
Residential energy tax credit	$7,437
Child tax credit	$520,200
Child and dependent care credit	$139,655
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$159,557
Income tax [8]	$36,029,853
Total tax liability [9]	$37,474,279
Tax due at time of filing [10]	$2,869,819
Overpayments refunded [11]	($6,025,479)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	1,223
Number of joint returns	1,116
Number of returns with paid preparer's signature	776
Number of exemptions	3,728
Number of dependents	713
Adjust gross income (AGI) [2]	$620,996,937
Salaries and wages	$413,915,004
Taxable interest	$11,127,703
Ordinary dividends	$18,865,957
Business or professional net income (less loss)	$13,385,778
Net capital gain (less loss)	$35,536,363
Taxable individual retirement arrangements distributions	$2,489,958
Taxable pensions and annuities	$4,071,087
Unemployment compensation [3]	$82,688
Taxable Social Security benefits	$1,275,579
Self-employment retirement plans	$2,116,439
Total itemized deductions [4]	$41,324,850
State and local income taxes	$878,924
State and local general sales tax	$3,147,294
Real estate taxes	$9,606,055
Taxes paid	$13,904,284
Mortgage interest paid	$13,838,397
Contributions	$10,625,428
Taxable income	$566,623,820
Total tax credits [5]	$6,544,841
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$57,720
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$1,840,925
Income tax [8]	$149,386,894
Total tax liability [9]	$151,523,452
Tax due at time of filing [10]	$16,641,035
Overpayments refunded [11]	($9,297,485)

[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.