Vermont Paycheck Calculator
Calculate your take home pay after federal & Vermont taxes
Last updated on Aug 25 2021
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Paycheck calculators by state
Vermont state income tax
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 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:
- figure out your filing status
- work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
- understand your tax liability [Taxable income × Tax rate = Tax liability]
- 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.