Vermont Department Of Revenue, Vermont Tax
Vermont Business Corporate Tax, Vermont Personal Income Tax, Vermont Sales Tax Rates
What are the Vermont Corporate net income tax rates?
| 0-10,000 | 6% |
| 10,000-25,000 | 7% |
| 25,000 + | 8.5% |
What are the Vermont personal net income tax rates?
| 0-33,950 | 3.55% |
| 33,950-82,250 | 7% |
| 82,250-171,550 | 8.25% |
| 171,550-372,950 | 8.9% |
| 372,950 + | 9.4% |
What is the average Vermont sales tax rate?
6%
Are there standard deductions?
Single: $5,450
Joint: $10,900
Are there personal exemptions?
Single: $3,500
Dependents: $3,500
What forms do you file for your Vermont taxes?
Vermont C corporations: Form CO-411
S corporations: Form BI-471
Partnerships: Form BI-471
Individual (Vermont LLC members): Form IN-111
Vermont Nonprofit Charities: Form S-1
Estimated tax payments?
Corporations must file CO-414 for estimated taxes if their tax liability is more than $500 in the previous year.
Form IN-114. Vermont follows the IRS standards for estimated payments. If you will owe $500 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.
Vermont Department of Revenue:
| Vermont Department of Taxes P.O. Box 547 Montpelier , VT 05601–0547 Telephone: 802-828-2518 or 802-828-5787 Website: Vermont Department of Taxes |
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