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- Vermont is a high tax state, and residents use just over 10% of their income to put towards taxes. That includes sales, property, and income tax, and that adds up quickly. Your typical Vermont resident spends more per year in taxes than the national average in America.
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If you were not a resident of Vermont for the full tax year but earned income in Vermont, then your income is the sum of the following types of income as long as they are required to be included in federal adjusted gross income: Rents and royalties from ownership of property located in Vermont.
- Part-Year Resident
Calculate your income for the part of the tax year you were...
- First-time Filer
The IRS calls it a “pay-as-you-go tax” where you “pay the...
- Military Personnel
A veterans organization designated by the IRS as a...
- Seniors and Retirees
Below is a listing of Vermont tax information that you...
- Property Tax Credit
The due date for filing a Property Tax Credit Claim is the...
- Use Tax
Vermont does not expect you to pay Vermont Sales Tax in...
- Income Tax Withholding
Withholding tax is really an estimate of tax you owe, and...
- Part-Year Resident
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%.
Use this Vermont State Tax Calculator to determine your federal tax amounts, state tax amounts, along with your Medicare and Social Security tax allowances
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.
SmartAsset's Vermont paycheck calculator shows your hourly and salary income after federal, state and local taxes. Enter your info to see your take home pay.
Jul 23, 2024 · Vermont residents pay 3.35% to 8.75% in state income taxes for the 2024 tax year. Updated on Jul 23 2024. Estimate your Vermont state tax burden with our income tax calculator. Enter your annual income and filing details.
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You qualify as a Vermont resident for that part of the taxable year during which: You are domiciled in Vermont, or. You maintain a permanent home in Vermont, and you are present in Vermont for more than 183 days of the taxable year.