Vermont Paycheck Calculator

Calculate your take-home pay after federal & Vermont taxes

Updated for 2023 tax year on Mar 15, 2023

What was updated? 2023 federal FICA, income tax rates & standard deduction

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Paycheck calculator for Vermont

Overview of Vermont

Vermont has a population of under 1 million (2019) and is one of the least populous states 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
Vermont United States

From Wikipedia

Understanding your Vermont paycheck

Firstly, your Vermont paycheck is subject to two federal taxes – income tax and Federal Insurance Contributions Act (FICA). Federal income tax is progressive and higher earners pay more. FICA tax is broken down into Social Security and Medicare. Your employer is responsible for withholding these taxes.

An additional Medicare tax applies for those earning more than $200,000. This extra 0.9% is only applied to the employee portion, and employers do not need to match this additional tax.

Your federal tax withholding is determined by the information you provide on Form W-4. This form helps your employer work out the correct amount of federal withholdings based on your filing status, dependents, and other factors. Your pay frequency, weekly, biweekly, or monthly, will also affect the taxes withheld from each paycheck.

Your marital status determines your tax withholding, influencing your tax bracket and the applicable standard deduction. Also, consider using pre-tax deductions, such as 401(k) contributions. These deductions will reduce your taxable income, thus lowering your overall tax liability.

Contrary to the original prompt, Vermont does impose a progressive state income tax. The state has no payroll or local income tax.

Vermont does not have a state standard deduction but offers personal exemptions. These exemptions help lower your taxable income and can vary based on age, disability status, and income level.

Post-tax deductions are amounts taken from your paycheck after taxes are withheld. These deductions can include union dues, charitable contributions, or wage garnishments for child support or other court-ordered payments. Post-tax deductions do not affect your taxable income but may still impact your overall take-home pay.

Calculate your Vermont paycheck

Vermont tax year starts from July 01 the year before to June 30 the current year. So the tax year 2022 will start from July 01 2021 to June 30 2022.

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 [Net income – Adjustments = Adjusted gross income]
  3. calculate your taxable income [Adjusted gross income – (Itemized deductions + Exemptions) = Taxable income]
  4. understand your income tax liability [Taxable income × Income tax rate = Income tax liability]
  5. minus any tax liability, deductions, withholdings [Net income – (Income tax liability + Pre-tax deductions + Post-tax deductions + Withholdings) = Your paycheck]

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 are state-level exemptions for all types 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

What taxes do Vermonters 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 $46,244.07.
The take-home pay for a married couple with a combined income of $116,000 will be $92,049.40.

How much taxes are deducted from a $58,000 paycheck in Vermont?

The total taxes deducted for a single filer are $979.66 monthly or $452.15 bi-weekly.