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2024 Tax Filing Season Opens January 29. View More News. Contact Us. Commissioner Craig Bolio. Deputy Commissioner Rebecca Sameroff. (802) 828-2505 | Department Directory. Taxpayer Services. (802) 828-2865. Mon, Tue, Thu, Fri, 7:45 am-4:30 pm.
- Individuals
Vermont Taxable Income Income Tax is imposed on Vermont...
- Businesses
Annual Income Tax Returns. Almost all businesses that have...
- Property
A property tax is a levy on property that the owner is...
- Tax Professionals
Vermont Tax Professionals’ Resource Guide: Working with...
- Municipal Officials
The Division of Property Valuation and Review (PVR) staff...
- Forms and Publications
Free Tax Preparation; Available Tax Credits; Power of...
- Tax Law and Guidance
One function of the Department is to interpret and apply tax...
- Data and Statistics
The Vermont Tax Department conducts and supports research on...
- Individuals
Vermont Taxable Income. Income Tax is imposed on Vermont taxable income, which is defined as the gross income from an individual where standard deductions and other allowances have been subtracted. This Vermont taxable income is the amount of your income that is subject to income tax.
- Why We Collect Taxes
- The Tax Commissioner’s Taxing Authority
- Types of Taxes Collected
- Where Do Your Tax Dollars Go
- Helpful Resources
In the words of Benjamin Franklin, "… in this world, nothing can be said to be certain, except death and taxes." One thing to keep in mind, however, is that we enjoy many services that are funded by the collection of taxes. Roads, schools, parks, hospitals, and government services are examples of tax-funded infrastructure and benefits we enjoy. Sta...
The Vermont legislature delegates the administration of many, but not all, of the taxes collected for the state to the commissioner of the Vermont Department of Taxes under Vermont law at § 3201. In the administration of taxes within the commissioner's jurisdiction, the commissionermay adopt, amend, and enforce reasonable rules, orders, and regulat...
The Vermont Department of Taxes collects a number of different tax types, such as personal income, corporate and business income, sales and use, meals and rooms, and property tax, to name just a few of the major taxes. Much of the total tax collected by the Department is deposited into the State’s General Fund, but some taxes are directed to the Ed...
Personal income, corporate and business taxes, and meals and rooms taxes make up the bulk of tax revenue deposited into the General Fund, according to theState of Vermont's Annual Comprehensive Financial Report for the Fiscal Year(ACFR) issued by the Vermont Department of Finance and Management. Revenues not required by law to be deposited into a s...
Vermont has a graduated corporate income tax, with rates ranging from 6.0 percent to 8.5 percent. Vermont also has a 6.00 percent state sales tax rate and an average combined state and local sales tax rate of 6.36 percent. Vermont has a 1.56 percent effective property tax rate on owner-occupied housing value. Vermont has an estate tax.
The 2024 tax rates and thresholds for both the Vermont State Tax Tables and Federal Tax Tables are comprehensively integrated into the Vermont Tax Calculator for 2024. This tool is freely available and is designed to help you accurately estimate your 2025 tax return .
Vermont Income Tax Calculator 2023-2024. 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 ...
People also ask
What is the tax rate in Vermont?
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Jan 1, 2024 · Vermont’s tax system consists of a state personal income tax, estate tax, state sales tax, local property tax, local sales taxes and a number of additional excise taxes on products like gasoline and cigarettes. For the 2023 tax year, the income tax in Vermont has a top rate of 8.75%, which places it as one of the highest rates in the U.S.
