Vermont Income Tax Calculator
Estimate your Vermont income tax burden
Updated for 2024 tax year on Jul 23, 2024
What was updated?
Fixed calculation error with federal and state payroll taxes
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How to calculate your Vermont income taxes
Table of Contents
Understanding your Vermont income taxes
Vermont has a progressive income tax system, with rates ranging from 3.35% for lower-income earners up to 8.75% for the highest-income earners. This aims to distribute the tax burden equitably among residents of different income levels.
There are no state payroll or local income taxes imposed on Vermont residents. This can help reduce the overall tax burden for both employees and employers in the state.
Similar to most states, Vermont has a standard deduction. Residents can also claim personal exemptions. The exact amount can vary based on income, age, and filing status.
Calculate your income tax in Vermont
- Work out your total federal income tax
- Gross income adjusted
Gross income − Pre-tax deductions = Gross income adjusted - Federal taxable income
Gross income adjusted − Federal standard/itemized deductions = Federal taxable income - Federal income tax liability
Federal taxable income × Federal income tax rate = Federal income tax liability - Federal payroll tax liability
Gross income × Federal payroll tax rate = Federal payroll tax liability
- Gross income adjusted
- Calculate your total Vermont state income tax
- Vermont state taxable income
Gross income adjusted − (Vermont state standard/itemized deductions + Vermont state exemptions) = Vermont state taxable income - Vermont state income tax liability
Vermont state taxable income × Vermont state income tax rate = Vermont state income tax liability
- Vermont state taxable income
- Add up all the taxes
Federal income tax liability + Federal payroll tax liability + Vermont state income tax liability = Your total income tax liability
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 |
|---|---|---|---|
| 2023 | Single | $0 - $45,400 | 3.35% |
| $45,400 - $110,050 | 6.6% | ||
| $110,050 - $229,550 | 7.6% | ||
| $229,550+ | 8.75% | ||
| Married, Filing Jointly or Widow(er) | $0 - $75,850 | 3.35% | |
| $75,850 - $183,400 | 6.6% | ||
| $183,400 - $279,450 | 7.6% | ||
| $279,450+ | 8.75% | ||
| Married, Filing Separately | $0 - $37,925 | 3.35% | |
| $37,925 - $91,700 | 6.6% | ||
| $91,700 - $139,725 | 7.6% | ||
| $139,725+ | 8.75% | ||
| Head of Household | $0 - $60,850 | 3.35% | |
| $60,850 - $157,150 | 6.6% | ||
| $157,150 - $254,500 | 7.6% | ||
| $254,500+ | 8.75% | ||
| 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 |
|---|---|---|
| 2023 | Single Married, Filing Separately |
$7,000 |
| Married, Filing Jointly | $14,050 | |
| Head of Household | $10,550 | |
| 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 is state-level exemptions for all type of filers and dependents.
| Tax year | Filing status | Personal exemption amount |
|---|---|---|
| 2024 | Single Married, Filing Separately Head of Household |
$4,850 |
| Married, Filing Jointly or Widow(er) | $9,700 | |
| Dependent(s) | $4,850 | |
| 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
How to calculate income tax in Vermont?
Follow the steps below to calculate your total income tax in Vermont:
- Work out your total federal income tax
- Calculate your total Vermont state income tax
- Sum up all the taxes
How much income tax do I pay in Vermont?
Vermont residents pay 3.35% to 8.75% in state income taxes for the 2024 tax year.