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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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 170 | 77.3% | $11.09M | $65,218 |
| Business or professional income | 50 | 22.7% | $478K | $9,560 |
| Net capital gains | 70 | 31.8% | $5.66M | $80,786 |
| Taxable pensions and annuities | 40 | 18.2% | $1.42M | $35,450 |
| Taxable Social Security benefits | 50 | 22.7% | $1.16M | $23,200 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 30 | 13.6% | $54K | $1,800 |
| Refundable child tax credit | 0 | 0.0% | $0 | Not shown |
| Income tax after credits | 160 | 72.7% | $3.04M | $19,025 |
| Refunds | 140 | 63.6% | $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