Vermont Paycheck Calculator
Easily estimate take home pay after income tax so you can have an idea of what to possibly expect when planning your budget
Results
Income Before Tax
Take Home Pay
Total Tax
Average Tax Rate
$ = US Dollar
Income Before Tax
Federal Income Tax
State Income Tax
State Tax Credits
Social Security
Medicare
State Disability Insurance
State Paid Family and Medical Leave (PFML)
State Unemployment Insurance
State Worker Comp
State Transit Tax
Mental Health Services Tax
Local Income Tax
Total Tax
Take Home Pay
Federal Deductions
State Deductions
Average Tax Rate
Table of Contents
Summary
Enter your employment income into the paycheck calculator above to estimate how taxes in Vermont, USA may affect your finances. You'll then get your estimated take home pay, an estimated breakdown of your potential tax liability, and a quick summary down here so you can have a better idea of what to possibly expect when planning your budget.
This paycheck calculator also works as an income tax calculator for Vermont, as it shows you how much income tax you have to pay based on your salary and personal details.
To learn more about Vermont, its income tax, and tax brackets, so that you can get a deeper understanding of how your budget and finances may be affected, scroll down to the detail section below!
Frequently Asked Questions
What is the income tax rate in Vermont?
The state income tax rate in Vermont is progressive and ranges from 3.35% to 8.75% while federal income tax rates range from 10% to 37% depending on your income. This paycheck calculator can help estimate your take home pay and your average income tax rate.
How many income tax brackets are there in Vermont?
The state income tax system in Vermont has four different tax brackets. For more details, check out our detail section.
How Your Vermont Paycheck Works
Situated in the northern part of New England, Vermont boasts a lot of charm and appeal. With its beautiful scenery, friendly people, and relaxed lifestyle, Vermont is a place where you can enjoy the changing seasons, the fresh air, and the local food. Whether you pursue your passions, your dreams, or your goals in Vermont, you should know how your paycheck works. Let's go over what factors influence your take-home pay, so you can make the most of your time and resources in the Green Mountain State.
One of the main items withheld from your gross pay is federal income tax, which depends on your filing status, income level, and the information you provide on Form W-4. This is the federal Employee’s Withholding Certificate that instructs your employer how much to withhold from your pay based on various factors.
The federal income tax system is progressive, which means that the more you earn, the higher your tax rate. As far as wages go, this is designed to ensure that everyone pays their fair share of taxes according to how much they earn. Federal income tax helps fund various government programs and services that benefit the nation as a whole.
Another type of federal tax you’ll see is FICA taxes, which consists of Social Security tax and Medicare tax. These help fund the retirement and health care programs that millions of Americans rely on, especially those who are older or have disabilities.
FICA taxes are the same for everyone who works and don't vary based on filing status. You pay 6.2% of your wages for Social Security up to a maximum applicable income of $147,000 in 2022, and 1.45% of your wages for Medicare with no limit. Your employer will match what you pay and contribute as well. If you earn more than a certain limit, you also pay a little extra in the form of a 0.9% Medicare surtax.
After federal taxes, your paycheck will also have state income tax withheld from it. The amount depends on your filing status, income level, and the information you provide on Form W-4VT. This is the Vermont Employee’s Withholding Allowance Certificate that instructs your employer how much to withhold from your pay.
The state income tax system in Vermont is also progressive and has four different tax brackets that range from 3.35% to 8.75%. Each bracket applies to different levels of your income. The revenue collected from this helps fund various state programs and services that benefit the residents of Vermont, such as education, health care, public safety, transportation, and environmental protection.
Fortunately, there are no local income taxes whether that be in the lively capital of Montpelier, the scenic village of Stowe, or anywhere in between.
Besides your regular pay, your employer may also offer you a range of benefits that can make a big difference in your finances and your well-being. Benefits are extra rewards that your employer helps offer you on top of your regular pay. These benefits include things like health insurance, retirement plans, life insurance, disability insurance, commuter plans, flexible spending accounts (FSA), health savings accounts (HSA), and more.
Typically, these don't come free, but the good thing is that some of these benefits can also lower your taxes. How? By using pre-tax dollars from your paycheck to pay for them. This means they lower your taxable income.
Other benefits may instead use post-tax dollars from your paycheck. These wouldn't affect your taxes but may still offer value.
State Income Tax Brackets
For 2022 tax year
| Taxable Income (USD) | Tax Rate |
|---|---|
| First 42,150 | 3.35% |
| From 42,150 to 102,200 | 6.6% |
| From 102,200 to 213,150 | 7.6% |
| From 213,150 onwards | 8.75% |
For 2022 tax year
| Taxable Income (USD) | Tax Rate |
|---|---|
| First 70,450 | 3.35% |
| From 70,450 to 170,300 | 6.6% |
| From 170,300 to 259,500 | 7.6% |
| From 259,500 onwards | 8.75% |
For 2022 tax year
| Taxable Income (USD) | Tax Rate |
|---|---|
| First 35,225 | 3.35% |
| From 35,225 to 85,150 | 6.6% |
| From 85,150 to 129,750 | 7.6% |
| From 129,750 onwards | 8.75% |
For 2022 tax year
| Taxable Income (USD) | Tax Rate |
|---|---|
| First 56,500 | 3.35% |
| From 56,500 to 145,950 | 6.6% |
| From 145,950 to 236,350 | 7.6% |
| From 236,350 onwards | 8.75% |
Those that are married filing jointly see the same tax rate range, but have the amounts slightly increased across the board on all tax brackets.
Both a state standard deduction and a personal exemption exist and vary depending on your filing status.
Note that high income earners are subject to a minimum tax of 3% if their income surpasses a certain amount.
More From Investomatica:
For sales tax, please visit our Vermont Sales Tax Rates and Calculator page.
Calculate Your Paycheck in Other States and US Regions
Calculate Your Paycheck in Other Parts of North America
Disclaimer
- The content shown on this page is strictly for educational purposes only. It does not represent advice nor is it a substitute for a professional advisor.
- Estimated results are just estimates. They are not a guarantee of future results.
- Tax situations vary widely and calculations can get very complex. This paycheck calculator only provides a rough estimate according to the most common scenarios for standard employment income that comes from an employer. If you are self-employed, your taxes might differ.
- There may be additional deductions, credits, exemptions, allowances, reliefs, etc depending on many factors. Some factors are about your family such as the number of dependents, children, relatives, parents, etc. Other factors may include mortgage payments, property depreciation, charitible donations, additional voluntary retirement contributions, etc. Whether or not you are handicapped and/or disabled may also sometimes be an additional factor.
- Depending on region and jurisdiction, salary bonuses may be treated and taxed differently from standard salary.
- Calculators from other sites may show slightly different numbers due to different deductions/credits being included or they are based on data from a different year.
- Generally, we review changes once a year since tax codes usually change once a year. If you notice a major miscalculation or error with our paycheck calculator (most likely caused by a typo somewhere), feel free to direct message us on twitter and let us know. However, if you have specific questions about your own personal situation, please consult a licensed tax professional.
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