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ZIP Code 05065 Income and Tax Statistics

South Royalton, VT. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
620
1,140 people on returns
Average adjusted gross income
$77,435
Vermont $81,367
Average salaries and wages
$65,178
Returns with wages
Average income tax
$10,352
Vermont $12,991

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99914022.6%
  • $25,000 to $49,99915024.2%
  • $50,000 to $74,99910016.1%
  • $75,000 to $99,9998012.9%
  • $100,000 to $199,99912019.4%
  • $200,000 or more304.8%

Income, credits and taxes in 05065

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages49079.0%$31.94M$65,178
Business or professional income11017.7%$1.35M$12,291
Net capital gains12019.4%$1.66M$13,867
Taxable pensions and annuities11017.7%$3.44M$31,227
Taxable Social Security benefits12019.4%$2.16M$18,033
Itemized deductions203.2%$923K$46,150
Earned income tax credit508.1%$113K$2,260
Refundable child tax credit406.5%$57K$1,425
Income tax after credits46074.2%$4.76M$10,352
Refunds43069.4%$1.29M$3,007

Frequently asked questions

What is the average income in ZIP code 05065?
For tax year 2022, the average adjusted gross income on the 620 individual tax returns filed in 05065 was $77,435, compared with $81,367 for Vermont.
How many people in 05065 get the earned income tax credit?
50 returns in 05065 (8.1%) claimed the earned income tax credit for tax year 2022.
Why might these numbers differ from Census income figures?
IRS figures count tax returns, not households, and use adjusted gross income from the return. People who do not file a return are not included.

Source: Internal Revenue Service, Statistics of Income · Tax year 2022