Exemption for Civil Service Retirement System (CSRS)

Official source

Vermont allows taxpayers who are below certain income thresholds to exclude the first $10,000 of retirement income from the federal Civil Service Retirement System. Joint filers are eligible for a reduction in tax if they earned $75,000 or less and other filers are eligible if they earned $60,000 or less. To see if you qualify, use the worksheet in the instructions for Vermont Schedule IN-112, Vermont Tax Adjustments and Credits. If you qualify, complete, and submit Schedule IN-112 with your IN-111, Vermont Income Tax Return .

Note: A taxpayer can only claim one of the following exemptions, even if more than one applies: Social Security Exemption; Military Retirement Exemption; Civil Service Retirement System Exemption; Other Retirement System Exemption.

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Exemption for Civil Service Retirement System (CSRS)

Official source

Vermont allows taxpayers who are below certain income thresholds to exclude the first $10,000 of retirement income from the federal Civil Service Retirement System. Joint filers are eligible for a reduction in tax if they earned $75,000 or less and other filers are eligible if they earned $60,000 or less. To see if you qualify, use the worksheet in the instructions for Vermont Schedule IN-112, Vermont Tax Adjustments and Credits. If you qualify, complete, and submit Schedule IN-112 with your IN-111, Vermont Income Tax Return .

Note: A taxpayer can only claim one of the following exemptions, even if more than one applies: Social Security Exemption; Military Retirement Exemption; Civil Service Retirement System Exemption; Other Retirement System Exemption.