Vermont Paycheck Calculator
Calculate your take-home pay per paycheck for salary and hourly jobs after federal & Vermont taxes
Updated for 2024 tax year on Jul 06, 2024
Calculate your paycheck in these states
How to calculate your Vermont paycheck
Table of Contents
Overview of Vermont
Vermont has a population of under 1 million (2019) and is one of the least populous states in the USA.
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
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
Calculating your Vermont state income tax is similar to the steps we listed on our main paycheck calculator page:
- Determine your gross income
- Annual salary
Annual salary = Gross income - Hourly wage
Hourly wage × Hours worked per day × Days worked per week × Weeks worked per year = Your weekly paycheck
- Annual salary
- 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
- Figure out your net pay
You need to account for any other deductions such as health insurance, 401(k) contribution, as well as additional withholdings.
Gross income − (Total income tax liability + Total payroll tax liability + Total pre-tax deductions + Total post-tax deductions + Total withholdings) = Your net pay - Divide your net pay by your pay frequency
- Daily
Your net pay / Days worked per week / Weeks worked per year = Your daily paycheck - Weekly
Your net pay / 52 = Your weekly paycheck - Bi-weekly
Your net pay / 26 = Your bi-weekly paycheck - Semi-monthly
Your net pay / 24 = Your semi-monthly paycheck - Monthly
Your net pay / 12 = Your monthly paycheck - Quarterly
Your net pay / 4 = Your quarterly paycheck - Semi-annual
Your net pay / 2 = Your semi-annual paycheck - Annual
Your net pay = Your annual paycheck
- Daily
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 are state-level exemptions for all types 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 take home pay in Vermont?
Follow the steps below to work out your take-home pay:
- Determine your gross income
- Work out your total federal income tax
- Calculate your total Vermont state income tax
- Gross income minus taxes, deductions and withholdings
- Divide your net pay by your pay frequency
How much will Vermont tax paychecks in 2024?
Vermont’s state income tax rates range from 3.35% to 8.75% depending on your income level and filing status.
How much is taken out of my paycheck in Vermont?
A significant portion of your paycheck goes to federal income tax, state income tax, Social Security and Medicare. Additional deductions may include contributions to health insurance, retirement plans, and other benefits.
What percentage of my paycheck goes to taxes in Vermont?
In Vermont, approximately 20% to 35% of your paycheck may go to taxes. The taxes on your paycheck include
- federal income tax (10% to 37%)
- state income tax (3.35% to 8.75%)
- Social Security (6.2%)
- Medicare (1.45% to 2.35%)