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Vermont State Income Tax
Tax Year 2023
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Contents
Contents
1.
Vermont Income Tax Table
| Tax Bracket (Single) [2] | Tax Bracket (Couple) [3] | Marginal Tax Rate |
| $0+ | $0+ | 3.350% |
| $42,150+ | $70,450+ | 6.600% |
| $102,200+ | $170,300+ | 7.600% |
| $213,150+ | $259,500+ | 8.750% |
Note: We don't currently have Vermont's income tax brackets for tax year 2024. Until updated 2024 tax rates become available for Vermont, the tax brackets shown above and used in the income tax calculator will be from tax year 2023.
Learn how marginal tax brackets work 
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Vermont Income Tax Calculator
3.
The Vermont Income Tax
Vermont collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Like the Federal Income Tax, Vermont's income tax allows couples filing jointly to pay a lower overall rate on their combined income with wider tax brackets for joint filers.
Vermont's maximum marginal income tax rate is the 1st highest in the United States, ranking directly below Vermont's %. You can learn more about how the Vermont income tax compares to other states' income taxes by visiting our map of income taxes by state.
Personal income tax in Tennessee applies only to interest and dividend income.
There are 105 days left until Tax Day, on April 16th 2025. The IRS will start accepting eFiled tax returns in January 2020 - you can start your online tax return today for free with TurboTax .
4.
Vermont Tax Deductions
Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your Vermont income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and Vermont tax returns. For details on specific deductions available in Vermont, see the list of Vermont income tax deductions.
4.1 - Vermont Standard Deduction
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Unlike many other states, Vermont has no standard deduction. Certain itemized deductions (including property tax, qualified charitable contributions, etc) may be allowed depending on the income level and filing type of the taxpayer. Keep in mind that not all deductions allowed on your federal income tax return are necessarily going to be allowed on your Vermont income tax return.
4.2 - Vermont Personal Exemptions
- Vermont has no personal exemption. The Federal Income Tax, however, does allow a personal exemption to be deducted from your gross income if you are responsible for supporting yourself financially.
4.3 - Vermont Dependent Deduction
- Unlike most states, Vermont does not have a dependent deduction. You can, however, claim dependent deductions on your Federal Tax Return.
4.4 - Vermont Itemized Deductions
- Vermont allows itemized deductions, and you can claim the same itemized deductions on your Vermont tax return as you do on your Federal tax return. You must choose between itemizing your deductions and choosing the Vermont standard deduction, so it's generally only worth itemizing your deductions if your itemized total is more then the Vermont and Federal standard deductions. For more details, visit the list of Vermont itemized deductions.
5.
Vermont Income Tax Forms
Tax-Rates.org provides easy access to five of the most commonly used Vermont income tax forms, in downloadable PDF format. For all of the tax forms we provide, visit our Vermont tax forms library or the 's tax forms page.
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Estimated Tax Instructions - Estimated Income Tax InstructionsThese instructions explain how to fill out and file your self employment taxes.
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Form IN-111 - Individual Income Tax ReturnForm IN-111 is the general income tax return for Vermont residents. IN-111 can be eFiled, or a paper copy can be filed via mail.
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Form IN-114 - Estimated Income TaxYou must pay estimated income tax if you are self employed or do not pay sufficient tax withholding. Estimated tax payments must be sent to the Vermont Department of Taxes on a quarterly basis.
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Form IN-151 - Application for Extension of TimeMake sure to file an application for extension of time to file by the due date.
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Income Tax Instructions - Income Tax Instructional BookletThis booklet contains information on how to fill out and file your income taxes for Vermont. The instructions cover how to complete all resident, part-year, and nonresident tax forms.
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Printable Vermont Tax Table & Tax Reference
Tax-Rates.org provides a printable Vermont datasheet including an income tax table, a list of Vermont tax deductions, important URLs and addresses, and more. This document is in PDF format.
If you are not a resident of Vermont, have a complicated tax return, or have other specialized circumstances you may need to download additional tax forms from the website. You can find all of Vermont's 2024 income tax forms on the income tax forms page .
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6.
How To File Your Vermont Income Tax Return
Once you've filled out your Vermont income tax return, you have several options for filing and paying your income tax. You can mail your return to the at the correct address below, and include your payment by check or money order. You may also electronically file your Vermont tax return through a tax preparer or using online tax software, and pay your taxes instantly using direct debit or a credit card (an additional credit card fee may apply).
7.
Where To Send Your Vermont Tax Return
If you filled out physical tax return forms, mail your completed Vermont income tax return to the Vermont no later then December 31st. Please be sure to send your completed tax forms to the correct address for your filing type.
Income Tax Returns (No Payment) VT Department of Taxes PO Box 1881 Montpelier, VT 05601-1881 |
Income Tax Returns (Payment Enclosed) VT Department of Taxes PO Box 1779 Montpelier, VT 05601-1779 |
8.
e-Filing: Submit Your Vermont Tax Return Online
You can save time and money by electronically filing your Vermont income tax directly with the . Benefits of e-Filing your Vermont tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below.
To e-file your Vermont and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. While most in-depth tax software charges a fee, there are several free options available through the states, and simple versions are also offered free of charge by most tax software companies.
The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company. Both companies produce multiple editions for simple to very complex tax returns, so be sure to carefully compare the features offered by each package.
9.
Getting Your Vermont Tax Refund
If your state tax witholdings are greater then the amount of income tax you owe the state of Vermont, you will receive an income tax refund check from the government to make up the difference.
It should take one to three weeks for your refund check to be processed after your income tax return is recieved. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible.
Once you've filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your Vermont tax refund, you can visit the Vermont Income Tax Refund page.
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10.
References
- Our state ranking and income tax figures are based on a family of four (married parents with two children) earning the national median household income of $50,000 per year. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for.
- Before the official 2024 Vermont income tax rates are released, provisional 2024 tax rates are based on Vermont's 2023 income tax brackets.
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The 2024 state personal income tax brackets are updated from the Vermont and Tax Foundation data.
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Vermont tax forms are sourced from the Vermont income tax forms page, and are updated on a yearly basis. Please make sure the Vermont forms you are using are up-to-date.
