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Vermont Income Tax Rate Schedules
Extracted from PDF file 2024-vermont-tax-rate-schedules.pdf, last modified December 2024Income Tax Rate Schedules
2024 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 47,900 0.00 3.35% 0 47,900 75,000 1,605.00 6.60% 47,900 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 0 39,975 0.00 3.35% 0 39,975 75,000 1,339.00 6.60% 39,975 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 116,000 3,393.00 6.60% 75,000 116,000 242,000 6,099.00 7.60% 116,000 242,000 - 15,675.00 8.75% 242,000 75,000 96,650 3,651.00 6.60% 75,000 96,650 147,300 5,080.00 7.60% 96,650 147,300 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 79,950 2,513.00 3.35% 75,000 79,950 193,300 2,678.00 6.60% 79,950 193,300 294,600 10,159.00 7.60% 193,300 294,600 - 17,858.00 8.75% 294,600 8.75% 147,300 Heads of Household, Schedule Z Use if your filing status is: Head of Household 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 - 8,929.00 If VT Taxable Income is Over But Not Over VT Base Plus Tax is of the amount over 0 64,200 0.00 3.35% 0 64,200 75,000 2,151.00 6.60% 64,200 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 165,700 2,864.00 6.60% 75,000 165,700 268,300 8,850.00 7.60% 165,700 268,300 - 16,647.00 8.75% 268,300 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 $2,678. Subtract $79,950 from $82,000. Multiply the result ($2,050) by 6.6%. Add this amount ($135) to Base Tax ($2,678) for Vermont Tax of $2,813. Enter $2,813 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 2024 Vermont Rate Schedules Page 1 of 145
Tax Rate Schedules
More about the Vermont Tax Rate Schedules Individual Income Tax TY 2024
We last updated the Income Tax Rate Schedules in January 2025, so this is the latest version of Tax Rate Schedules, fully updated for tax year 2024. You can download or print current or past-year PDFs of Tax Rate Schedules directly from TaxFormFinder. 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-114 | Individual Income Estimated Tax Payment Voucher |
| Form HS-122 (Instructions) | Vermont Homestead Declaration AND Property Tax Credit Claim (Instructions) |
| Form 176 | Statement Of Claimant To Refund Due On Behalf Of Deceased Taxpayer |
| Estimated Tax Instructions | Estimated Income Tax Instructions |
| Form IN-151 | Application For Extension Of Time To File Form IN-111 |
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 2025.
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 four 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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