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Vermont Income Tax Table Tax Year 2017 Vermont Income Tax Brackets

Federal Tax Reform: In December 2017, congress passed a sweeping federal income tax overhaul that affects personal income tax rates from tax year 2018 onward. You can see the released tax table, which will be effective for tax returns filed in April 2019, on the tax year 2018 brackets page.
Vermont - Single Tax Brackets
Tax Bracket Tax Rate
$0.00+ 3.55%
$37,950.00+ 6.8%
$91,900.00+ 7.8%
$191,650.00+ 8.8%
$416,700.00+ 8.95%
Vermont - Married Filing Jointly Tax Brackets
Tax Bracket Tax Rate
$0.00+ 3.55%
$63,350.00+ 6.8%
$153,100.00+ 7.8%
$233,350.00+ 8.8%
$416,700.00+ 8.95%

Vermont's income tax brackets were last changed one year prior to 2016 for tax year 2015, and the tax rates were previously changed in 2009. Vermont's tax brackets are indexed for inflation, and are updated yearly to reflect changes in cost of living.

Vermont has five marginal tax brackets, ranging from 3.55% (the lowest Vermont tax bracket) to 8.95% (the highest Vermont tax bracket). Each marginal rate only applies to earnings within the applicable marginal tax bracket , which are the same in Vermont for single filers and couples filing jointly.

The Federal Income Tax, by contrast, has different tax brackets for Single, Married Filing Jointly, and Head of Household taxpayers.

How do Vermont tax brackets work?

Technically, you don't have just one "tax bracket" - you pay all of the Vermont marginal tax rates from the lowest tax bracket to the tax bracket in which you earned your last dollar. For comparison purposes, however, your Vermont tax bracket is the tax bracket in which your last earned dollar in any given tax period falls.

You can think of the bracketed income tax as a flat amount for all of the money you earned up to your highest tax bracket, plus a marginal percentage of any amount you earned over that. The chart below breaks down the Vermont tax brackets using this model:

For earnings between $0.00 and $37,950.00, you'll pay 3.55%
For earnings between $37,950.00 and $91,900.00, you'll pay 6.8% plus $1,347.23
For earnings between $91,900.00 and $191,650.00, you'll pay 7.8% plus $5,015.83
For earnings between $191,650.00 and $416,700.00, you'll pay 8.8% plus $12,796.33
For earnings over $416,700.00, you'll pay 8.95% plus $32,600.73
For earnings between $0.00 and $63,350.00, you'll pay 3.55%
For earnings between $63,350.00 and $153,100.00, you'll pay 6.8% plus $2,248.93
For earnings between $153,100.00 and $233,350.00, you'll pay 7.8% plus $8,351.93
For earnings between $233,350.00 and $416,700.00, you'll pay 8.8% plus $14,611.43
For earnings over $416,700.00, you'll pay 8.95% plus $30,746.23

Vermont Income Tax Calculator Vermont Income Tax Calculator

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Vermont Income Tax Estimator

You can use the income tax estimator to the left to calculate your approximate Vermont and Federal income tax based on the most recent tax brackets.

Keep in mind that this estimator assumes all income is from wages, assumes the standard deduction, and does not account for tax credits.

For a more detailed estimate that takes these factors into account, click "View Detailed Estimate" (this will will redirect to an external website).

Vermont Tax Deductions

When calculating your Vermont income tax, keep in mind that the Vermont state income tax brackets are only applied to your adjusted gross income (AGI) after you have made any qualifying deductions.

Qualifying deductions might include an itemized deduction, the Vermont standard deduction, exemptions for dependants, business expenses, etc.

Remember that Vermont may have very different deduction laws from the Federal Income Tax, so you may have to write a whole new list of deductions for your Vermont income tax return.

Download the Vermont tax table for Excel or database applications

Download .CSV file of VT income tax brackets

Download tax forms

Download or print Vermont income tax forms

Vermont Standard Deductions & Personal Exemption Amounts

In addition to marginal tax brackets, one of the major features of the Vermont income tax is deductions. The three most common deductions encountered by taxpayers are the Vermont Standard Deduction, the Vermont Personal Exemption, and the Vermont Dependent Deduction. The current values of these deductions for tax year 2016 are as follows:

Standard Deduction (Single) Standard Deduction (MFJ) Personal Exemption Dependant Exemption
$6,350.00 $12,700.00 $4,050.00 $4,050.00

The standard deduction, which Vermont has, is a deduction that is available by default to all taxpayers who do not instead choose to file an itemized deduction. Essentially, it translates to $6,350.00 per year of tax-free income for single Vermont taxpayers, and $12,700.00 for those filing jointly.

The Personal Exemption, which is supported by the Vermont income tax, is an additional deduction you can take if you (and not someone else) are primarily responsible for your own living expenses. Likewise, you can take an additional dependent exemption for each qualifying dependent (like a child or family member), who you financially support.

The Federal income tax also has a standard deduction, personal exemptions, and dependant deductions, though they are different amounts than Vermont's and may have different rules.

Head over to the Federal income tax brackets page to learn about the Federal Income Tax, which applies in all states nationwide.

Vermont Income Tax Rate 2016 Sources & Citations

Disclaimer: While we do our best to keep this list of Vermont income tax rates up to date and complete, we cannot be held liable for errors or omissions. Is info on this page missing or out-of-date? Please let us know so we can fix it!

Please note: Our Vermont tax brackets are currently from tax year 2016 (filed in April 2017). Many states adjust their tax brackets yearly, and we will update the $stateName tax brackets for 2017 / 2018 as soon as they become available.

Tax Data Sources:

  1. The Vermont tax brackets on this page were last updated from the Vermont Department of Taxes in 2016. Please contact us if any of our Vermont tax data is incorrect or out of date.
  2. Vermont tax return forms are available on the Vermont tax forms page or the Vermont Department of Revenue.
  3. Before the official 2019 Vermont income tax brackets are released, the brackets used on this page are an estimate based on the previous year's brackets. These numbers are subject to change if new Vermont tax tables are released.
  4. The Vermont income tax estimator tool is provided by Tax-Rates.org .

** This Document Provided By Tax-Brackets.org **
Source: http://www.tax-brackets.org/vermonttaxtable