Vermont Income Tax Calculator

Calculate your federal & Vermont income taxes

Updated for 2023 tax year on Jan 01, 2023

What was updated? 2023 federal FICA, income tax rates & standard deduction
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Income tax calculators by state

Vermont income tax calculation

The Green Mountain State’s revenue came mainly from tourism, manufacturing and agriculture. Vermont’s median household income is $76,079 (2021).

Brief summary of Vermont state income tax:

  • state income tax rate ranges from 3.35% to 8.75%
  • no state-level payroll tax
  • has state-level standard deduction and exemptions
Vermont United States

From Wikipedia

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 payroll tax

There is no state-level payroll tax.

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 – $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%
2021 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%
2020 Single $0 – $39,600 3.35%
$39,600 – $96,000 6.6%
$96,000 – $200,200 7.6%
$200,200+ 8.75%
Married, Filing Jointly or Widow(er) $0 – $66,150 3.35%
$66,150 – $159,950 6.6%
$159,950 – $243,750 7.6%
$243,750+ 8.75%
Married, Filing Separately $0 – $33,075 3.35%
$33,075 – $79,975 6.6%
$79,975 – $121,875 7.6%
$121,875+ 8.75%
Head of Household $0 – $53,100 3.35%
$53,100 – $137,050 6.6%
$137,050 – $221,950 7.6%
$221,950+ 8.75%

State standard deduction

Tax year Filing status Standard deduction amount
2022
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
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

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 $46,244.07 and the total income tax is $11,755.93.