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- If you make $70,000 a year living in Vermont you will be taxed $10,184. Your average tax rate is 10.94% and your marginal tax rate is 22%. This marginal tax rate means that your immediate additional income will be taxed at this rate.
If you were not a resident of Vermont during the tax year but earned Vermont income, calculate your income using the information that follows to determine whether you must file a Vermont income tax return.
- Overview
- On this page
- 2024 federal income tax rates
- 2024 provincial and territorial income tax rates
- Previous year income tax rates
The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates.
Provincial or territorial income tax rates apply in addition to federal income tax rates.
•2024 federal income tax rates
•2024 provincial and territorial income tax rates
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied.
There are also various tax credits, deductions and benefits available to you to reduce your total tax payable.
Provincial and territorial tax rates vary across Canada; however, your provincial or territorial income tax (except Quebec) is calculated in the same way as your federal income tax.
•Newfoundland and Labrador
•Prince Edward Island
•Nova Scotia
•New Brunswick
•Quebec
Select the tax year
•+ 2023
Select "Federal" or your province or territory
•Federal
•Newfoundland and Labrador
•Prince Edward Island
Nov 12, 2024 · Want an idea of how much tax you paid—or will be paying—for 2024? Here are the federal and provincial tax brackets to help you prepare for tax season.
Jan 1, 2024 · Find out how much you'll pay in Vermont state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.
Nov 13, 2024 · Canadians pay provincial income taxes in addition to federal taxes. Provincial income tax rates vary depending on where you live at the end of the tax year.
People also ask
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You are able to use our Vermont State Tax Calculator to calculate your total tax costs in the tax year 2024/25. Our calculator has recently been updated to include both the latest Federal Tax Rates, along with the latest State Tax Rates.