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ZIP Code 05735 Income and Tax Statistics
Castleton, VT. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 1,500
- 2,500 people on returns
- Average adjusted gross income
- $65,028
- Vermont $81,367
- Average salaries and wages
- $55,038
- Returns with wages
- Average income tax
- $9,232
- Vermont $12,991
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99945030.0%
- $25,000 to $49,99934022.7%
- $50,000 to $74,99924016.0%
- $75,000 to $99,99918012.0%
- $100,000 to $199,99924016.0%
- $200,000 or more503.3%
Income, credits and taxes in 05735
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 | 1,140 | 76.0% | $62.74M | $55,038 |
| Business or professional income | 200 | 13.3% | $2.52M | $12,610 |
| Net capital gains | 270 | 18.0% | $1.94M | $7,185 |
| Taxable pensions and annuities | 410 | 27.3% | $9.32M | $22,722 |
| Taxable Social Security benefits | 350 | 23.3% | $6.22M | $17,780 |
| Itemized deductions | 60 | 4.0% | $1.61M | $26,900 |
| Earned income tax credit | 150 | 10.0% | $327K | $2,180 |
| Refundable child tax credit | 90 | 6.0% | $155K | $1,722 |
| Income tax after credits | 1,070 | 71.3% | $9.88M | $9,232 |
| Refunds | 1,070 | 71.3% | $2.65M | $2,474 |
Frequently asked questions
- What is the average income in ZIP code 05735?
- For tax year 2022, the average adjusted gross income on the 1,500 individual tax returns filed in 05735 was $65,028, compared with $81,367 for Vermont.
- How many people in 05735 get the earned income tax credit?
- 150 returns in 05735 (10.0%) 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