Home » Texas » HARRIS County » ZIP Code 77245 » Tax Stats

77245 Income Tax Overview

Total Number of Tax Returns for ZIP Code 77245 [1]	450
Total Number of Joint Tax Returns for ZIP Code 77245	90
Total Number of Dependents for ZIP Code 77245	197
Total Adjusted Gross Income for ZIP Code 77245	19,285,215
Average Income per Person for ZIP Code 77245	$19,285,215

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]	69
Number of joint returns	12
Number of returns with paid preparer's signature	31
Number of exemptions	91
Number of dependents	17
Adjust gross income (AGI) [2]	$215,859
Salaries and wages	$269,535
Taxable interest	$5,835
Ordinary dividends	$0
Business or professional net income (less loss)	$36,386
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$50,227
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$0
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$16,421
Taxes paid	$0
Mortgage interest paid	$0
Contributions	$0
Taxable income	$0
Total tax credits [5]	$0
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$23,130
Excess earned income credit (refundable) [7]	$19,463
Alternative minimum tax	$0
Income tax [8]	$0
Total tax liability [9]	$9,564
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($52,214)

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

Number of returns [1]	118
Number of joint returns	16
Number of returns with paid preparer's signature	59
Number of exemptions	219
Number of dependents	57
Adjust gross income (AGI) [2]	$2,087,120
Salaries and wages	$1,601,510
Taxable interest	$34,014
Ordinary dividends	$0
Business or professional net income (less loss)	$113,265
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$302,310
Unemployment compensation [3]	$58,272
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$293,117
State and local income taxes	$0
State and local general sales tax	$0
Real estate taxes	$0
Taxes paid	$36,559
Mortgage interest paid	$0
Contributions	$63,293
Taxable income	$552,588
Total tax credits [5]	$14,203
Residential energy tax credit	$0
Child tax credit	$6,399
Child and dependent care credit	$0
Earned income credit [6]	$150,176
Excess earned income credit (refundable) [7]	$140,511
Alternative minimum tax	$0
Income tax [8]	$45,990
Total tax liability [9]	$69,152
Tax due at time of filing [10]	$14,819
Overpayments refunded [11]	($283,619)

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

Number of returns [1]	143
Number of joint returns	17
Number of returns with paid preparer's signature	59
Number of exemptions	297
Number of dependents	74
Adjust gross income (AGI) [2]	$5,176,059
Salaries and wages	$4,530,420
Taxable interest	$13,330
Ordinary dividends	$4,757
Business or professional net income (less loss)	$40,098
Net capital gain (less loss)	($5,405)
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$470,921
Unemployment compensation [3]	$0
Taxable Social Security benefits	$76,297
Self-employment retirement plans	$0
Total itemized deductions [4]	$562,709
State and local income taxes	$0
State and local general sales tax	$31,387
Real estate taxes	$55,738
Taxes paid	$92,072
Mortgage interest paid	$165,884
Contributions	$105,665
Taxable income	$2,785,623
Total tax credits [5]	$71,677
Residential energy tax credit	$0
Child tax credit	$48,847
Child and dependent care credit	$6,639
Earned income credit [6]	$31,442
Excess earned income credit (refundable) [7]	$21,399
Alternative minimum tax	$0
Income tax [8]	$283,835
Total tax liability [9]	$294,199
Tax due at time of filing [10]	$34,007
Overpayments refunded [11]	($316,721)

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

Number of returns [1]	65
Number of joint returns	18
Number of returns with paid preparer's signature	31
Number of exemptions	126
Number of dependents	26
Adjust gross income (AGI) [2]	$3,930,654
Salaries and wages	$3,552,695
Taxable interest	$5,067
Ordinary dividends	$0
Business or professional net income (less loss)	($37,345)
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$287,507
Unemployment compensation [3]	$0
Taxable Social Security benefits	$164,137
Self-employment retirement plans	$0
Total itemized deductions [4]	$468,347
State and local income taxes	$0
State and local general sales tax	$31,119
Real estate taxes	$64,420
Taxes paid	$100,499
Mortgage interest paid	$131,048
Contributions	$93,430
Taxable income	$2,701,487
Total tax credits [5]	$28,841
Residential energy tax credit	$0
Child tax credit	$21,492
Child and dependent care credit	$0
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$383,317
Total tax liability [9]	$388,092
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($126,605)

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

Number of returns [1]	29
Number of joint returns	13
Number of returns with paid preparer's signature	19
Number of exemptions	64
Number of dependents	13
Adjust gross income (AGI) [2]	$2,455,835
Salaries and wages	$2,064,102
Taxable interest	$34,521
Ordinary dividends	$12,106
Business or professional net income (less loss)	$0
Net capital gain (less loss)	$0
Taxable individual retirement arrangements distributions	$0
Taxable pensions and annuities	$538,275
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$507,818
State and local income taxes	$0
State and local general sales tax	$15,202
Real estate taxes	$44,927
Taxes paid	$71,927
Mortgage interest paid	$106,918
Contributions	$155,037
Taxable income	$1,627,217
Total tax credits [5]	$0
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	$0
Income tax [8]	$254,513
Total tax liability [9]	$263,445
Tax due at time of filing [10]	$80,115
Overpayments refunded [11]	($102,695)

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

Number of returns [1]	26
Number of joint returns	14
Number of returns with paid preparer's signature	17
Number of exemptions	54
Number of dependents	10
Adjust gross income (AGI) [2]	$5,419,688
Salaries and wages	$3,941,983
Taxable interest	$39,170
Ordinary dividends	$0
Business or professional net income (less loss)	$0
Net capital gain (less loss)	($12,649)
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]	$622,927
State and local income taxes	$0
State and local general sales tax	$31,679
Real estate taxes	$135,142
Taxes paid	$203,026
Mortgage interest paid	$202,179
Contributions	$101,816
Taxable income	$4,388,529
Total tax credits [5]	$0
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	$0
Income tax [8]	$783,605
Total tax liability [9]	$791,203
Tax due at time of filing [10]	$0
Overpayments refunded [11]	($67,455)

[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.