Vermont Paycheck Calculator

Calculate your take home pay after federal & Vermont taxes

Last updated on Aug 25 2021

Calculation not correct? Request new features?

Paycheck calculators by state

Vermont state income tax

Vermont has a population of under 1 million (2019) and is one of the least populous state in the USA. The median household income is $57,513 (2017).

Brief summary:

  • the income tax rate ranges from 3.35% to 8.75%
  • no state-level payroll tax
  • able to claim exemptions
  • has a Earned Income Tax Credit (EITC)
Vermont United States

Vermont fiscal year starts from July 01 the year before to June 30 the current year. So the fiscal year 2021 will start from July 01 2020 to June 30 2021.

Calculating your Vermont state income tax is similar to the steps we listed on our Federal paycheck calculator:

  1. figure out your filing status
  2. work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
  3. calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
  4. understand your tax liability [Taxable income × Tax rate = Tax liability]
  5. determine whether your tax liability is more than your tax credits and withheld
    • Tax liability – (Credits + Withheld) = What you owe or
    • (Credits + Withheld) – Tax liability = Tax refunds

State payroll tax

There is no state-level payroll tax.

Income tax brackets

Each filer type has different progressive tax rates. Refer to Tax Foundation for more details.

Fiscal year Filing status Taxable income Rate
2021 Single $0 – $40,350 3.35%
$40,350 – $97,800 6.60%
$97,800 – $204,000 7.60%
$204,000+ 8.75%
Married, Filing Jointly or Widow(er) $0 – $67,450 3.35%
$67,450 – $163,000 6.60%
$163,000 – $248,350 7.60%
$248,350+ 8.75%
Married, Filing Separately $0 – $33,725 3.35%
$33,725 – $81,500 6.60%
$81,500 – $124,175 7.60%
$124,175+ 8.75%
Head of Household $0 – $54,100 3.35%
$54,100 – $139,650 6.60%
$139,650 – $226,200 7.60%
$226,200+ 8.75%
2020 Single $0 – $39,600 3.35%
$39,600 – $96,000 6.60%
$96,000 – $200,200 7.60%
$200,200+ 8.75%
Married, Filing Jointly or Widow(er) $0 – $66,150 3.35%
$66,150 – $159,950 6.60%
$159,950 – $243,750 7.60%
$243,750+ 8.75%
Married, Filing Separately $0 – $33,075 3.35%
$33,075 – $79,975 6.60%
$79,975 – $121,875 7.60%
$121,875+ 8.75%
Head of Household $0 – $53,100 3.35%
$53,100 – $137,050 6.60%
$137,050 – $221,950 7.60%
$221,950+ 8.75%

Deductions

Fiscal year Filing status Standard deduction amount
2021
2020
Single
Married, Filing Separately
$6,250
Married, Filing Jointly $12,500
Head of Household $9,400

Exemptions

There is state-level exemptions for all type of filers and dependents.

Fiscal year Filing status Personal exemption amount
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

Earned Income Tax Credit (EITC)

Fiscal year Percentage of Federal EITC Refundable
2021
2020
36% Yes

Child Tax Credit (CTC)

There is no state-level CTC.

FAQs

What taxes do Vermonter pay?

There is no state-level payroll tax. The state-level income tax ranges from 3.35% to 8.75%.

How much do you make after taxes in Vermont?

For a single filer with an annual income of $58,000, the take home pay is $45,998.47.
The take home pay for a married couple with a combined income of $116,000 will be $91,566.32.