2010 TaxGrams™
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State and Local Taxes
Vermont State Tax Summary

Vermont state tax summary, 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).

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    taxmOuth Vermont Taxes

Vermont Tax Contacts

Vermont Tax FAQs

Vermont Tax Forms

Vermont Corporate Taxes

  • taxmOuth Vermont Corporate Taxes
  • Vermont Tax Rates & Brackets:

    6%> $0
    7%> $10,000
    8.5%> $25,000
  • Loss Carry-back/fwd: 3 Years Back ($1,000,000) / 15 Years Forward (Unlimited)
  • Throwback Sales?: Y
  • Foreign Tax Deductible?: N
  • Alternative Minimum Tax (AMT): N
  • Gross Receipts Tax: N
  • Capital Stock (Net Worth) Tax?: N

Vermont Tax Incentives and Credits

Vermont Individual Income Taxes

  • taxmOuth Vermont Individual Income Taxes
  • Vermont tax rates and brackets:

    5%> $0
  • Local Option IT Rate: None
  • Federal Inc used as Base?: Y
  • Standard Deductions: Single $5,450 / Joint $10,900
  • Personal Exemptions/Credits (c): Single $2,650 / Joint $5,300 / Dependent $2,650
  • Federal Tax Deductible?: N
  • State Tax Deductible?: Y
  • Alternative Minimum Tax (AMT)?: N

Vermont Estate, Gift and Inheritance Taxes

Vermont Miscellaneous Taxes

Vermont Pass-through Tax Treatment

Vermont Payroll Taxes

Vermont Property Taxes

  • taxmOuth Vermont Property Taxes
  • Median Tax Paid on Homes (Rank): $1,328 (#32)
  • Median Value of Homes: $236,000
  • Tax as % of Home Value (Rank): 0.56% (#40)
  • Median Income of Homeowner: $67,921
  • Tax as % of Income (Rank): 1.96% (#36)

Vermont Sales and Use Taxes

  • taxmOuth Vermont Sales and Use Taxes
  • State Rate: 5.95%
  • County & City (Weighted Ave): 0.66%
  • Combined State and Ave. Local Rates (Rank): 6.61% (#26)
  • General Treatment of Services: Many Taxable
  • Gasoline: Exempt
  • Groceries: Partial

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