Home » Texas » TRAVIS County » ZIP Code 78726 » Tax Stats

78726 Income Tax Overview

Total Number of Tax Returns for ZIP Code 78726 [1]	5,830
Total Number of Joint Tax Returns for ZIP Code 78726	2,337
Total Number of Dependents for ZIP Code 78726	2,063
Total Adjusted Gross Income for ZIP Code 78726	473,902,988
Average Income per Person for ZIP Code 78726	$36,115

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]	929
Number of joint returns	57
Number of returns with paid preparer's signature	276
Number of exemptions	665
Number of dependents	70
Adjust gross income (AGI) [2]	$2,719,742
Salaries and wages	$4,232,359
Taxable interest	$292,858
Ordinary dividends	$526,917
Business or professional net income (less loss)	($79,851)
Net capital gain (less loss)	($82,945)
Taxable individual retirement arrangements distributions	$96,139
Taxable pensions and annuities	$167,598
Unemployment compensation [3]	$0
Taxable Social Security benefits	$0
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,134,640
State and local income taxes	$0
State and local general sales tax	$29,306
Real estate taxes	$278,080
Taxes paid	$353,521
Mortgage interest paid	$390,073
Contributions	$12,367
Taxable income	$270,860
Total tax credits [5]	$459
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$0
Earned income credit [6]	$126,774
Excess earned income credit (refundable) [7]	$106,217
Alternative minimum tax	$0
Income tax [8]	$26,126
Total tax liability [9]	$160,434
Tax due at time of filing [10]	$53,875
Overpayments refunded [11]	($563,775)

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

Number of returns [1]	977
Number of joint returns	88
Number of returns with paid preparer's signature	270
Number of exemptions	1,293
Number of dependents	183
Adjust gross income (AGI) [2]	$17,330,396
Salaries and wages	$15,449,603
Taxable interest	$231,684
Ordinary dividends	$307,634
Business or professional net income (less loss)	$919,601
Net capital gain (less loss)	$28,884
Taxable individual retirement arrangements distributions	$174,520
Taxable pensions and annuities	$446,724
Unemployment compensation [3]	$255,058
Taxable Social Security benefits	$45,123
Self-employment retirement plans	$0
Total itemized deductions [4]	$921,669
State and local income taxes	$0
State and local general sales tax	$27,100
Real estate taxes	$153,439
Taxes paid	$191,251
Mortgage interest paid	$190,896
Contributions	$69,507
Taxable income	$6,919,645
Total tax credits [5]	$104,918
Residential energy tax credit	$0
Child tax credit	$22,948
Child and dependent care credit	$9,281
Earned income credit [6]	$516,518
Excess earned income credit (refundable) [7]	$463,251
Alternative minimum tax	$0
Income tax [8]	$660,751
Total tax liability [9]	$824,913
Tax due at time of filing [10]	$111,675
Overpayments refunded [11]	($1,542,828)

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

Number of returns [1]	1,330
Number of joint returns	233
Number of returns with paid preparer's signature	326
Number of exemptions	1,998
Number of dependents	301
Adjust gross income (AGI) [2]	$47,870,679
Salaries and wages	$44,536,802
Taxable interest	$429,139
Ordinary dividends	$406,079
Business or professional net income (less loss)	$1,067,519
Net capital gain (less loss)	$28,310
Taxable individual retirement arrangements distributions	$501,851
Taxable pensions and annuities	$1,382,472
Unemployment compensation [3]	$283,440
Taxable Social Security benefits	$416,434
Self-employment retirement plans	$0
Total itemized deductions [4]	$2,473,133
State and local income taxes	$40,167
State and local general sales tax	$89,100
Real estate taxes	$521,990
Taxes paid	$724,345
Mortgage interest paid	$756,373
Contributions	$219,869
Taxable income	$30,652,856
Total tax credits [5]	$416,892
Residential energy tax credit	$0
Child tax credit	$225,354
Child and dependent care credit	$44,917
Earned income credit [6]	$139,104
Excess earned income credit (refundable) [7]	$98,514
Alternative minimum tax	$0
Income tax [8]	$3,645,575
Total tax liability [9]	$3,890,772
Tax due at time of filing [10]	$255,660
Overpayments refunded [11]	($2,075,691)

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

Number of returns [1]	614
Number of joint returns	254
Number of returns with paid preparer's signature	198
Number of exemptions	1,188
Number of dependents	190
Adjust gross income (AGI) [2]	$37,530,276
Salaries and wages	$32,612,049
Taxable interest	$440,399
Ordinary dividends	$373,087
Business or professional net income (less loss)	$979,955
Net capital gain (less loss)	($96,245)
Taxable individual retirement arrangements distributions	$808,381
Taxable pensions and annuities	$1,640,483
Unemployment compensation [3]	$182,309
Taxable Social Security benefits	$669,121
Self-employment retirement plans	$0
Total itemized deductions [4]	$3,241,870
State and local income taxes	$91,032
State and local general sales tax	$154,044
Real estate taxes	$713,648
Taxes paid	$973,043
Mortgage interest paid	$1,183,632
Contributions	$420,227
Taxable income	$26,732,657
Total tax credits [5]	$310,186
Residential energy tax credit	$0
Child tax credit	$222,003
Child and dependent care credit	$22,537
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,848,950
Total tax liability [9]	$4,098,651
Tax due at time of filing [10]	$321,649
Overpayments refunded [11]	($1,102,133)

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

Number of returns [1]	423
Number of joint returns	269
Number of returns with paid preparer's signature	150
Number of exemptions	1,015
Number of dependents	195
Adjust gross income (AGI) [2]	$36,635,618
Salaries and wages	$28,912,976
Taxable interest	$907,091
Ordinary dividends	$563,604
Business or professional net income (less loss)	$1,431,895
Net capital gain (less loss)	$234,341
Taxable individual retirement arrangements distributions	$1,035,055
Taxable pensions and annuities	$2,570,508
Unemployment compensation [3]	$114,175
Taxable Social Security benefits	$972,191
Self-employment retirement plans	$0
Total itemized deductions [4]	$5,947,513
State and local income taxes	$116,834
State and local general sales tax	$309,109
Real estate taxes	$1,555,701
Taxes paid	$2,019,091
Mortgage interest paid	$2,367,064
Contributions	$674,267
Taxable income	$25,650,636
Total tax credits [5]	$352,083
Residential energy tax credit	$0
Child tax credit	$236,633
Child and dependent care credit	$23,770
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$0
Income tax [8]	$3,727,139
Total tax liability [9]	$4,031,831
Tax due at time of filing [10]	$317,941
Overpayments refunded [11]	($1,183,538)

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

Number of returns [1]	1,059
Number of joint returns	966
Number of returns with paid preparer's signature	378
Number of exemptions	3,536
Number of dependents	748
Adjust gross income (AGI) [2]	$152,831,239
Salaries and wages	$131,585,755
Taxable interest	$2,555,275
Ordinary dividends	$2,409,917
Business or professional net income (less loss)	$5,973,812
Net capital gain (less loss)	$2,325,416
Taxable individual retirement arrangements distributions	$1,974,205
Taxable pensions and annuities	$3,828,001
Unemployment compensation [3]	$191,625
Taxable Social Security benefits	$1,077,073
Self-employment retirement plans	$514,198
Total itemized deductions [4]	$23,824,006
State and local income taxes	$387,318
State and local general sales tax	$1,644,427
Real estate taxes	$6,789,908
Taxes paid	$8,915,269
Mortgage interest paid	$10,249,694
Contributions	$2,986,593
Taxable income	$114,803,772
Total tax credits [5]	$614,198
Residential energy tax credit	$0
Child tax credit	$400,450
Child and dependent care credit	$65,932
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$113,668
Income tax [8]	$20,619,074
Total tax liability [9]	$21,483,970
Tax due at time of filing [10]	$1,449,015
Overpayments refunded [11]	($3,424,319)

Adjusted Gross Income: $200,000 or more

Number of returns [1]	498
Number of joint returns	470
Number of returns with paid preparer's signature	233
Number of exemptions	1,748
Number of dependents	376
Adjust gross income (AGI) [2]	$178,985,038
Salaries and wages	$122,127,703
Taxable interest	$2,863,576
Ordinary dividends	$3,562,206
Business or professional net income (less loss)	$4,168,428
Net capital gain (less loss)	$19,696,879
Taxable individual retirement arrangements distributions	$883,922
Taxable pensions and annuities	$1,865,594
Unemployment compensation [3]	$62,598
Taxable Social Security benefits	$353,979
Self-employment retirement plans	$740,126
Total itemized deductions [4]	$16,439,404
State and local income taxes	$723,237
State and local general sales tax	$1,289,396
Real estate taxes	$4,484,458
Taxes paid	$6,550,259
Mortgage interest paid	$6,255,672
Contributions	$3,422,102
Taxable income	$156,750,540
Total tax credits [5]	$567,758
Residential energy tax credit	$0
Child tax credit	$0
Child and dependent care credit	$30,828
Earned income credit [6]	$0
Excess earned income credit (refundable) [7]	$0
Alternative minimum tax	$697,459
Income tax [8]	$39,385,365
Total tax liability [9]	$40,042,871
Tax due at time of filing [10]	$4,454,522
Overpayments refunded [11]	($1,942,900)

[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.