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ZIP Code 05660 Income and Tax Statistics

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

Tax returns
1,000
1,790 people on returns
Average adjusted gross income
$108,200
Vermont $81,367
Average salaries and wages
$78,871
Returns with wages
Average income tax
$17,043
Vermont $12,991

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99922022.0%
  • $25,000 to $49,99918018.0%
  • $50,000 to $74,99915015.0%
  • $75,000 to $99,99911011.0%
  • $100,000 to $199,99925025.0%
  • $200,000 or more909.0%

Income, credits and taxes in 05660

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 wages77077.0%$60.73M$78,871
Business or professional income24024.0%$6.07M$25,300
Net capital gains32032.0%$11.42M$35,681
Taxable pensions and annuities20020.0%$5.58M$27,895
Taxable Social Security benefits21021.0%$3.97M$18,886
Itemized deductions909.0%$2.56M$28,478
Earned income tax credit606.0%$73K$1,217
Refundable child tax credit303.0%$46K$1,533
Income tax after credits79079.0%$13.46M$17,043
Refunds61061.0%$1.96M$3,207

Frequently asked questions

What is the average income in ZIP code 05660?
For tax year 2022, the average adjusted gross income on the 1,000 individual tax returns filed in 05660 was $108,200, compared with $81,367 for Vermont.
How many people in 05660 get the earned income tax credit?
60 returns in 05660 (6.0%) 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