45 tax.vermont.gov 2023 Vermont Tax Rate Schedules Example: Vermont Taxable Income is $82,000 (Form IN-111, Line 7). Filing Status is Married Filing Jointly. Use Schedule Y-1. Base Tax is $2,541. Subtract $75,850 from $82,000. Multiply the result ($6,150) by 6.6%. Add this amount ($406) to Base Tax ($2,541) for Vermont Tax of $2,947. Enter $2,947 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 calculation. Single Individuals, Schedule X Use if your filing status is: Single

0 45,400 0.00 3.35% 0

45,400 75,000 1,521.00 6.60% 45,400 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES

75,000 110,050 3,475.00 6.60% 75,000

110,050 229,550 5,788.00 7.60% 110,050

229,550 - 14,870.00 8.75% 229,550 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 37,925 0.00 3.35% 0

37,925 75,000 1,270.00 6.60% 37,925 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES

75,000 91,700 3,717.00 6.60% 75,000

91,700 139,725 4,820.00 7.60% 91,700 139,725 - 8,470.00 8.75% 139,725 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 75,000 0.00 3.35% 0 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES

75,000 75,850 2,513.00 3.35% 75,000

75,850 183,400 2,541.00 6.60% 75,850

183,400 279,450 9,639.00 7.60% 183,400

279,450 - 16,939.00 8.75% 279,450 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 60,850 0.00 3.35% 0

60,850 75,000 2,038.00 6.60% 60,850 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES

75,000 157,150 2,972.00 6.60% 75,000 157,150 254,500 8,394.00 7.60% 157,150 254,500 - 15,793.00 8.75% 254,500 If VT Taxable But Not VT Base Plus of the Income is Over Over Tax is

amount over