Vermont Income Tax Calculator
Estimate your Vermont income tax burden
Updated for 2023 tax year on Jul 18, 2023
Income tax calculators by state
Vermont state taxes
Quick Vermont tax facts
- State income tax: 3.35% to 8.75%
- State sales tax: 6%
- Property tax: 1.86%
- Gas tax: 31.52 cents per gallon
- Tobacco tax: $3.08 per pack of cigarettes
- Insurance premium tax: 2%
From Wikipedia
Vermont income taxes
Vermont has a progressive income tax system, with rates ranging from 3.35% for lower-income earners up to 8.75% for the highest-income earners. This aims to distribute the tax burden equitably among residents of different income levels.
There are no state payroll or local income taxes imposed on Vermont residents. This can help reduce the overall tax burden for both employees and employers in the state.
Similar to most states, Vermont has a standard deduction. Residents can also claim personal exemptions. The exact amount can vary based on income, age, and filing status.
Calculate your income tax in Vermont
Calculating your Vermont state income tax is similar to the steps we listed on our Federal income tax calculator:
- Determine your filing status
- Work out your adjusted gross income [Gross income − Retirement contributions = Adjusted gross income]
- Calculate your state taxable income [Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income]
- Figure out your state/local tax liability [State taxable income × State tax rate = State tax liability]
State income tax brackets
Each filer type has different progressive tax rates. Refer to Tax Foundation for more details.
| Tax year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2022 | Single | $0 - $42,150 | 3.35% |
| $42,150 - $102,200 | 6.6% | ||
| $102,200 - $213,150 | 7.6% | ||
| $213,150+ | 8.75% | ||
| Married, Filing Jointly or Widow(er) | $0 - $70,450 | 3.35% | |
| $70,450 - $170,300 | 6.6% | ||
| $170,300 - $259,500 | 7.6% | ||
| $259,500+ | 8.75% | ||
| Married, Filing Separately | $0 - $35,225 | 3.35% | |
| $35,225 - $85,150 | 6.6% | ||
| $85,150 - $129,750 | 7.6% | ||
| $129,750+ | 8.75% | ||
| Head of Household | $0 - $56,500 | 3.35% | |
| $56,500 - $145,950 | 6.6% | ||
| $145,950 - $236,350 | 7.6% | ||
| $236,350+ | 8.75% | ||
| 2021 | Single | $0 – $40,950 | 3.35% |
| $40,950 – $99,200 | 6.6% | ||
| $99,200 – $206,950 | 7.6% | ||
| $206,950+ | 8.75% | ||
| Married, Filing Jointly or Widow(er) | $0 – $68,400 | 3.35% | |
| $68,400 – $165,350 | 6.6% | ||
| $165,350 – $251,950 | 7.6% | ||
| $251,950+ | 8.75% | ||
| Married, Filing Separately | $0 – $34,200 | 3.35% | |
| $34,200 – $82,675 | 6.6% | ||
| $82,675 – $125,975 | 7.6% | ||
| $125,975+ | 8.75% | ||
| Head of Household | $0 – $54,850 | 3.35% | |
| $54,850 – $141,700 | 6.6% | ||
| $141,700 – $229,450 | 7.6% | ||
| $229,450+ | 8.75% | ||
| 2020 | Single | $0 – $40,350 | 3.35% |
| $40,350 – $97,800 | 6.6% | ||
| $97,800 – $204,000 | 7.6% | ||
| $204,000+ | 8.75% | ||
| Married, Filing Jointly or Widow(er) | $0 – $67,450 | 3.35% | |
| $67,450 – $163,000 | 6.6% | ||
| $163,000 – $248,350 | 7.6% | ||
| $248,350+ | 8.75% | ||
| Married, Filing Separately | $0 – $33,725 | 3.35% | |
| $33,725 – $81,500 | 6.6% | ||
| $81,500 – $124,175 | 7.6% | ||
| $124,175+ | 8.75% | ||
| Head of Household | $0 – $54,100 | 3.35% | |
| $54,100 – $139,650 | 6.6% | ||
| $139,650 – $226,200 | 7.6% | ||
| $226,200+ | 8.75% |
State standard deduction
| Tax year | Filing status | Standard deduction amount |
|---|---|---|
| 2022 | Single Married, Filing Separately |
$6,500 |
| Married, Filing Jointly | $13,050 | |
| Head of Household | $9,800 | |
| 2021 | Single Married, Filing Separately |
$6,350 |
| Married, Filing Jointly | $12,700 | |
| Head of Household | $9,500 | |
| 2020 | Single Married, Filing Separately |
$6,250 |
| Married, Filing Jointly | $12,500 | |
| Head of Household | $9,400 |
State exemptions
There is state-level exemptions for all type of filers and dependents.
| Tax year | Filing status | Personal exemption amount |
|---|---|---|
| 2023 | Single Married, Filing Separately Head of Household |
$4,500 |
| Married, Filing Jointly or Widow(er) | $9,000 | |
| Dependent(s) | $4,500 | |
| 2022 2021 |
Single Married, Filing Separately Head of Household |
$4,350 |
| Married, Filing Jointly or Widow(er) | $8,700 | |
| Dependent(s) | $4,350 | |
| 2020 | Single Married, Filing Separately Head of Household |
$4,250 |
| Married, Filing Jointly or Widow(er) | $8,500 | |
| Dependent(s) | $4,250 |
Vermont sales tax
The base state sales tax rate in Vermont is 6%. However, some municipalities may impose an additional 1% local option tax, resulting in a maximum possible sales tax rate of 7%.
Vermont property tax
The median property tax rate stands at 1.86% of a property’s assessed value, which is one of the highest in the United States.
Vermont capital gains tax
Capital gains in Vermont are taxed as regular income, meaning they’re subject to the state’s progressive income tax rates.
Vermont gas tax
Vermont has a gas tax of 31.52 cents per gallon.
Vermont tobacco tax
Tobacco products in Vermont carry a substantial tax. For cigarettes, the tax is $3.08 per pack, making it one of the highest in the country.
Vermont insurance tax
The state of Vermont levies a 2% tax on the gross premiums collected by insurance companies.
FAQs
How do I calculate my Vermont income tax?
Calculate your Vermont state income tax with the following six steps.
- Determine your filing status
- Gross income − Retirement contributions = Adjusted gross income
- Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income
- State taxable income × State tax rate = State tax liability
How much is $58000 a year after taxes in Vermont?
For a single filing Vermonter with a wage of $58,000, the take home pay is $46,713.87 and the total income tax is $11,286.13.