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Vermont Income Tax Rate Schedules
Extracted from PDF file 2023-vermont-tax-rate-schedules.pdf, last modified November 2023Income Tax Rate Schedules
2023 Vermont Tax Rate Schedules Single Individuals, Schedule X Use if your filing status is: Single If VT Taxable Income is Over But Not Over VT Base Plus Tax is Married Filing Separately, Schedule Y-2 Use if your filing status is: Married Filing Separately; or Civil Union Filing Separately of the amount over If VT Taxable Income is Over But Not Over VT Base Plus Tax is of the amount over 0 45,400 0.00 3.35% 0 45,400 75,000 1,521.00 6.60% 45,400 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 0 37,925 0.00 3.35% 0 37,925 75,000 1,270.00 6.60% 37,925 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 110,050 3,475.00 6.60% 75,000 110,050 229,550 5,788.00 7.60% 110,050 229,550 - 14,870.00 8.75% 229,550 75,000 91,700 3,717.00 6.60% 75,000 91,700 139,725 4,820.00 7.60% 91,700 139,725 Married Filing Jointly, Schedule Y-1 Use if your filing status is: Married Filing Jointly; Qualifying Widow(er); or Civil Union Filing Jointly If VT Taxable Income is Over But Not Over VT Base Plus Tax is of the amount over 0 75,000 0.00 3.35% 0 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 75,850 2,513.00 3.35% 75,000 75,850 183,400 2,541.00 6.60% 75,850 183,400 279,450 9,639.00 7.60% 183,400 279,450 - 16,939.00 8.75% 279,450 - 8,470.00 8.75% 139,725 Heads of Household, Schedule Z Use if your filing status is: Head of Household If VT Taxable Income is Over But Not Over VT Base Plus Tax is of the amount over 0 60,850 0.00 3.35% 0 60,850 75,000 2,038.00 6.60% 60,850 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 157,150 2,972.00 6.60% 75,000 157,150 254,500 8,394.00 7.60% 157,150 254,500 - 15,793.00 8.75% 254,500 Example: Vermont Taxable Income is $82,000 (Form IN-111, Line 7). Filing Status is Married Filing Jointly. Use Schedule Y-1. Base Tax is $2,541. Subtract $75,850 from $82,000. Multiply the result ($6,150) by 6.6%. Add this amount ($406) to Base Tax ($2,541) for Vermont Tax of $2,947. Enter $2,947 on Form IN-111, Line 8. Please note: For Adjusted Gross Incomes (IN-111, Line 1) exceeding $150,000, Line 8 is the greater of 1) 3% of Adjusted Gross Income less interest from U.S. obligations, or 2) Tax Rate Schedule calculation. tax.vermont.gov 45
Tax Rate Schedules
More about the Vermont Tax Rate Schedules Individual Income Tax
We last updated the Income Tax Rate Schedules in January 2024, and the latest form we have available is for tax year 2023. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Vermont Department of Taxes. You can print other Vermont tax forms here.
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TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form IN-111 | Vermont Personal Income Tax Return |
| Form IN-114 | Individual Income Estimated Tax Payment Voucher |
| Form HS-122 (Instructions) | Vermont Homestead Declaration AND Property Tax Credit Claim (Instructions) |
| Form IN-116 | Income Tax Payment Voucher |
| Form 176 | Statement Of Claimant To Refund Due On Behalf Of Deceased Taxpayer |
View all 52 Vermont Income Tax Forms
Form Sources:
Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Tax Rate Schedules from the Department of Taxes in January 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Vermont Tax Rate Schedules
We have a total of three past-year versions of Tax Rate Schedules in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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