Vermont Salary & Paycheck Calculators

Updated October 2024
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Vermont employs a graduated income tax system with rates ranging from 3.35% to 8.75%, which can significantly impact your net income based on your earnings level. While not as complex as some other states, Vermont's tax code includes various deductions and exemptions that affect your paycheck.

Vermont Income Tax Highlights

  • 3.35% on the first $42,150 of taxable income ($70,450 for married couples filing jointly)
  • 6.60% on taxable income between $42,151 and $102,200 ($170,550 for married couples filing jointly)
  • 7.60% on taxable income between $102,201 and $213,150 ($255,850 for married couples filing jointly)
  • 8.75% on taxable income over $213,150 ($255,850 for married couples filing jointly)
These rates apply to residents on all sources of income and to non-residents on Vermont-sourced income. The state allows for certain deductions and credits that can affect your taxable income.

Vermont Calculators & Tools

Calculate Your Take-Home Pay

Input your income details and see how much you make after taxes and deductions.

Net-to-Gross

Find out how much your gross pay should be for a specific take-home pay.

Key Points to remember about the Vermont Paycheck Structure

  • Progressive tax system with four brackets
  • Standard deduction of $6,950 for single filers and $13,900 for married couples filing jointly (2023 figures)
  • Personal exemption credit of $4,350 per person (2023 figure)
  • No local income taxes at the city or county level
  • Vermont partially taxes Social Security benefits for some residents based on income levels

Understanding these aspects of Vermont's tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the Green Mountain State. While Vermont's tax system is more complex than some states, it's important to consider the various deductions and credits available to optimize your tax situation.

Learn more about the Payroll Process in Vermont

Visit the Vermont Payroll Guide page

Fun Facts

Vermont is famous for its maple syrup, fall foliage, and charming small towns. The state is a leader in environmentalism and outdoor recreation. Its mountainous terrain offers great skiing and hiking opportunities.

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Updated April 2024These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.
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