Vermont Paycheck Calculator
Calculate your take-home pay after federal & Vermont taxes
Updated for 2023 tax year on Sep 19, 2023
Paycheck calculators by state
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 standard deduction and exemptions
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:
- figure out your filing status
- work out your adjusted gross income [Net income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – (Itemized deductions + Exemptions) = Taxable income]
- understand your income tax liability [Taxable income × Income tax rate = Income tax liability]
- 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 - $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 are state-level exemptions for all types 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 |
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 $46,752.90.
The take-home pay for a married couple with a combined income of $116,000 will be $93,059.
How much taxes are deducted from a $58,000 paycheck in Vermont?
The total taxes deducted for a single filer are $937.26 monthly or $432.58 bi-weekly.