Vermont Income Tax Calculator

Estimate your Vermont income tax burden

Updated for 2024 tax year on Feb 16, 2024

What was updated? 2024 federal income tax, state income tax, standard deduction & exemption
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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%
Vermont United States

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:

  1. Determine your filing status
  2. Work out your adjusted gross income [Gross income − Retirement contributions = Adjusted gross income]
  3. Calculate your state taxable income [Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income]
  4. 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.

  1. Determine your filing status
  2. Gross income − Retirement contributions = Adjusted gross income
  3. Adjusted gross income − (Standard/Itemized deductions + Exemptions) = State taxable income
  4. 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.