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ZIP Code 05151 Income and Tax Statistics
North Springfield, VT. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 700
- 1,290 people on returns
- Average adjusted gross income
- $71,116
- Vermont $81,367
- Average salaries and wages
- $61,943
- Returns with wages
- Average income tax
- $9,365
- Vermont $12,991
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99919027.1%
- $25,000 to $49,99915021.4%
- $50,000 to $74,99911015.7%
- $75,000 to $99,9998011.4%
- $100,000 to $199,99914020.0%
- $200,000 or more304.3%
Income, credits and taxes in 05151
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 | 530 | 75.7% | $32.83M | $61,943 |
| Business or professional income | 140 | 20.0% | $1.8M | $12,886 |
| Net capital gains | 150 | 21.4% | $971K | $6,473 |
| Taxable pensions and annuities | 190 | 27.1% | $4.31M | $22,663 |
| Taxable Social Security benefits | 150 | 21.4% | $2.5M | $16,693 |
| Itemized deductions | 20 | 2.9% | $577K | $28,850 |
| Earned income tax credit | 60 | 8.6% | $130K | $2,167 |
| Refundable child tax credit | 30 | 4.3% | $69K | $2,300 |
| Income tax after credits | 490 | 70.0% | $4.59M | $9,365 |
| Refunds | 470 | 67.1% | $1.28M | $2,717 |
Frequently asked questions
- What is the average income in ZIP code 05151?
- For tax year 2022, the average adjusted gross income on the 700 individual tax returns filed in 05151 was $71,116, compared with $81,367 for Vermont.
- How many people in 05151 get the earned income tax credit?
- 60 returns in 05151 (8.6%) 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