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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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 770 | 77.0% | $60.73M | $78,871 |
| Business or professional income | 240 | 24.0% | $6.07M | $25,300 |
| Net capital gains | 320 | 32.0% | $11.42M | $35,681 |
| Taxable pensions and annuities | 200 | 20.0% | $5.58M | $27,895 |
| Taxable Social Security benefits | 210 | 21.0% | $3.97M | $18,886 |
| Itemized deductions | 90 | 9.0% | $2.56M | $28,478 |
| Earned income tax credit | 60 | 6.0% | $73K | $1,217 |
| Refundable child tax credit | 30 | 3.0% | $46K | $1,533 |
| Income tax after credits | 790 | 79.0% | $13.46M | $17,043 |
| Refunds | 610 | 61.0% | $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