What are Vermont's 2024 income tax brackets?

Vermont uses four graduated rates for 2024: 3.35%, 6.6%, 7.6%, and 8.75%. For single filers the thresholds are roughly $45,400, $110,050, and $229,550. Married-filing-jointly brackets are wider. Only income within each bracket is taxed at that bracket's rate.

Does Vermont use the federal standard deduction?

No. Vermont applies its own standard deduction — about $7,000 for single filers and $14,050 for married filing jointly in 2024 — plus a personal exemption of about $4,850 per exemption. It starts from federal AGI but does not copy the federal standard deduction.

What is the difference between marginal and effective rate?

Your marginal rate is the rate applied to your last dollar of taxable income — the top bracket you reach. Your effective rate is total tax divided by total income, which is always lower because earlier income is taxed at lower bracket rates. The calculator shows both.

Does this include federal tax and FICA?

No. This tool estimates Vermont state income tax only. It does not include federal income tax, Social Security, or Medicare. For full take-home pay including those, use a Vermont paycheck calculator instead.

Are there Vermont tax credits this doesn't include?

Yes. Vermont offers credits such as the earned-income tax credit and child and dependent care credit that can reduce the tax shown here. This estimate applies the standard deduction and exemptions but not credits, so your final liability may be lower.

Vermont Income Tax Calculator (2024 Brackets)

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Vermont taxes income with a four-bracket graduated schedule running from 3.35% up to 8.75% for 2024. Unlike some states, Vermont uses its own standard deduction and personal exemption rather than copying the federal figures. This calculator applies the official brackets to your income and shows both your marginal and effective rates.

How it works

The tool computes Vermont taxable income, then taxes it bracket by bracket:

Vermont taxable income = AGI − VT standard deduction − Personal exemptions Tax = sum over brackets of (income in bracket × bracket rate)

Because the tax is marginal, only the portion of income inside each bracket is taxed at that bracket’s rate — reaching the 8.75% bracket does not mean all your income is taxed at 8.75%.

Vermont brackets and deductions (2024)

Single / head of household: 3.35% up to $45,400, 6.6% to $110,050, 7.6% to $229,550, 8.75% above.
Married filing jointly: wider brackets (3.35% up to $75,850, and so on).
Standard deduction: about $7,000 single / $14,050 married.
Personal exemption: about $4,850 per exemption claimed.

Worked example

A single filer with $70,000 AGI and one exemption:

Taxable income = 70,000 − 7,000 − 4,850 = $58,150
Tax = $45,400 × 3.35% + ($58,150 − 45,400) × 6.6% ≈ 1,521 + 842 = $2,363
Marginal rate 6.6%, effective rate ≈ 3.4%

Note: This estimates Vermont state tax only, before credits like the earned-income or child care credit. It excludes federal tax and FICA. Verify current figures at tax.vermont.gov.