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Vermont State Tax Help and Forms (Subscribe)

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Vermont tax help, forms and answers to thousands of Vermont tax questions. Handy summary of all Vermont taxes, including corporate and individual Vermont income taxes, credits, exemptions, deductions and more. Includes Vermont estate, gift and inheritance tax, miscellaneous Vermont taxes, pass-through entity treatment, payroll taxes, property taxes and Vermont sales & use taxes.

Vermont ranks #41 on the State Business Tax Climate Index (TaxFoundation.org).

Vermont State Tax Summary (TaxGrams ™)
Corporate Taxes
   Rates & Brackets:
      6%> $0
      7%> $10,000
      8.5%> $25,000
   Loss Carry-back/fwd: 0 Years Back / 10 Years Forward (Unlimited)
   Throwback Sales?: Y
   Foreign Tax Deductible?: Y
   Alternative Minimum Tax (AMT): N
   Gross Receipts Tax: N
   Capital Stock (Net Worth) Tax?: N

Credits and Incentives
   Job Credits?: Y
   R&D Credits?: Y
   Investment Credits?: Y

Individual Taxes
   Rates & Brackets:
      3.55%> $0
      7%> $33,950
      8.25%> $82,250
      8.9%> $171,550
      9.4%> $372,950
   Local Option IT Rate: None
   Federal Inc used as Base?: Y
   Standard Deductions: Single $5,450 / Joint $10,900
   Personal Exemptions/Credits (c): Single $3,500 / Joint $7,000 / Dependent $3,500
   Federal Tax Deductible?: N
   State Tax Deductible?: Y
   Alternative Minimum Tax (AMT)?: N

Inheritance, Gift, Estate, Death Taxes
   Gift Tax?: N
   Estate Tax?: Copies Federal
   Inheritance Tax?: N
   Generation-Skipping Tax?: N

Miscellaneous Taxes
   Gas Tax: 20.0 cents/gallon
   Diesel Tax: 26.0 cents/gallon
   Cigarette Tax: 224.0 cents/20 pack

Pass-through Entities
   LLC Pass-through Recognized?: Y
   S-Corp Pass-through Recognized?: Y

Payroll Taxes
   Unemployment Insurance Tax Index (TaxFoundation.org): #18

Property Taxes
   Median Tax Paid on Homes (Rank): $3,281 (#8)
   Median Value of Homes: $214,700
   Tax as % of Home Value (Rank): 1.53% (#7)
   Median Income of Homeowner: $62,857
   Tax as % of Income (Rank): 5.22% (#4)

Sales and Use Taxes
   State Rate: 6%
   County & City (Weighted Ave): None
   Combined State and Ave. Local Rates (Rank): 6% (#32)
   General Treatment of Services: Exempt
   Gas Exemption: Exempt
   Grocery Exemption: Exempt

 
 

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Vermont Tax Legal Interpretations

Includes Technical Bulletins (by number, tax type, date of issue and statute reference), Formal Rulings (by year), and Regulations.

http://www.state.vt.us/tax/legal.shtml

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Vermont: Interactive Tax Return

You can prepare and electronically file your Federal and Vermont income tax returns through a web site link or using purchased softward installed on your PC.

http://www.state.vt.us/tax/efile.shtml

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