45 tax.vermont.gov 2024 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 $2,678. Subtract $79,950 from $82,000. Multiply the result ($2,050) by 6.6%. Add this amount ($135) to Base Tax ($2,678) for Vermont Tax of $2,813. Enter $2,813 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 If VT Taxable But Not VT Base Plus of the Income is Over Over Tax is

amount over

0 47,900 0.00 3.35% 0

47,900 75,000 1,605.00 6.60% 47,900 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES

75,000 116,000 3,393.00 6.60% 75,000

116,000 242,000 6,099.00 7.60% 116,000

242,000 - 15,675.00 8.75% 242,000 Married Filing Separately, Schedule Y-2 Use if your filing status is: Married Filing Separately; or Civil Union Filing Separately

0 39,975 0.00 3.35% 0

39,975 75,000 1,339.00 6.60% 39,975 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES

75,000 96,650 3,651.00 6.60% 75,000

96,650 147,300 5,080.00 7.60% 96,650 147,300 - 8,929.00 8.75% 147,300 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 64,200 0.00 3.35% 0

64,200 75,000 2,151.00 6.60% 64,200 TAXABLE INCOME UNDER $75,000 USE THE TAX TABLES

75,000 165,700 2,864.00 6.60% 75,000 165,700 268,300 8,850.00 7.60% 165,700 268,300 - 16,647.00 8.75% 268,300 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 79,950 2,513.00 3.35% 75,000

79,950 193,300 2,678.00 6.60% 79,950

193,300 294,600 10,159.00 7.60% 193,300

294,600 - 17,858.00 8.75% 294,600 If VT Taxable But Not VT Base Plus of the Income is Over Over Tax is

amount over 2024 Vermont Rate Schedules Page 1 of 1