tax.vermont.gov 2021 Vermont Tax Rate Schedules Example: VT Taxable Income is $82,000 (Form IN-111, Line 7). Filing Status is Married Filing Jointly. Use Schedule Y-1. Base Tax is $2,727. Subtract $75,000 from $82,000. Multiply the result ($7,000) by 6.6%. Add this amount ($462) to Base Tax ($2,727) for Vermont Tax of $3,189. Enter $3,189 on Form IN-111, Line 8. Please note: For Adjusted Gross Incomes (IN-111, Line 1) exceeding $150,000, Line 8 is the greater of 1) 3% of Adjusted Gross Income less interest from U.S. obligations, or 2) Tax Rate Schedule/Tax Table calculation. Single Individuals, Schedule X Use if your filing status is: Single 0 40,950 0.00 3.35% 0

40,950 75,000 1,372.00 6.60% 40,950 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 99,200 3,619.00 6.60% 75,000

99,200 206,950 5,216.00 7.60% 99,200

206,950 - 13,405.00 8.75% 206,950 If VT Taxable But Not VT Base Plus of the Income is Over Over Tax is amount over Married Filing Separately, Schedule Y-2 Use if your filing status is: Married Filing Separately; or Civil Union Filing Separately 0 34,200 0.00 3.35% 0 34,200 75,000 1,146.00 6.60% 34,200 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 82,675 3,839.00 6.60% 75,000

82,675 125,975 4,345.00 7.60% 82,675 125,975 - 7,636.00 8.75% 125,975 If VT Taxable But Not VT Base Plus of the Income is Over Over Tax is amount over Married Filing Jointly, Schedule Y-1 Use if your filing status is: Married Filing Jointly; Qualifying Widow(er); or Civil Union Filing Jointly 0 68,400 0.00 3.35% 0

68,400 75,000 2,291.00 6.60% 68,400 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 165,350 2,727.00 6.60% 75,000

165,350 251,950 8,690.00 7.60% 165,350

251,950 - 15,272.00 8.75% 251,950 If VT Taxable But Not VT Base Plus of the Income is Over Over Tax is amount over Heads of Household, Schedule Z Use if your filing status is: Head of Household 0 54,850 0.00 3.35% 0

54,850 75,000 1,837.00 6.60% 54,850 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES 75,000 141,700 3,167.00 6.60% 75,000 141,700 229,450 7,570.00 7.60% 141,700 229,450 - 14,239.00 8.75% 229,450 If VT Taxable But Not VT Base Plus of the Income is Over Over Tax is amount over