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ZIP Code 05072 Income and Tax Statistics

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

Tax returns
220
410 people on returns
Average adjusted gross income
$108,168
Vermont $81,367
Average salaries and wages
$65,218
Returns with wages
Average income tax
$19,025
Vermont $12,991

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,9996027.3%
  • $25,000 to $49,9994018.2%
  • $50,000 to $74,9995022.7%
  • $75,000 to $99,99900.0%
  • $100,000 to $199,9995022.7%
  • $200,000 or more209.1%

Income, credits and taxes in 05072

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 wages17077.3%$11.09M$65,218
Business or professional income5022.7%$478K$9,560
Net capital gains7031.8%$5.66M$80,786
Taxable pensions and annuities4018.2%$1.42M$35,450
Taxable Social Security benefits5022.7%$1.16M$23,200
Itemized deductions00.0%$0Not shown
Earned income tax credit3013.6%$54K$1,800
Refundable child tax credit00.0%$0Not shown
Income tax after credits16072.7%$3.04M$19,025
Refunds14063.6%$400K$2,857

Frequently asked questions

What is the average income in ZIP code 05072?
For tax year 2022, the average adjusted gross income on the 220 individual tax returns filed in 05072 was $108,168, compared with $81,367 for Vermont.
How many people in 05072 get the earned income tax credit?
30 returns in 05072 (13.6%) 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