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guide","2023-09-29T13:54:59.013Z","2024-11-27T10:50:41.955Z","2024-11-27T10:50:41.989Z",379095228,"2451aff2-2bed-4fa9-b828-4193ff924cf5",{"_uid":757,"body":758,"hero":1089,"author":1110,"sidebar":1135,"hide_cta":543,"metatags":1151,"component":1155,"bottom_banner":1156,"subcategories":1157,"hide_pro_banner":558,"intro_paragraph":1154,"intro_subheading":12,"table_of_contents":558,"outgrow_calculator":1158,"hide_email_signup_widget":558,"show_footer_sticky_banner":543},"ad90c0ed-ea07-4e47-959e-825b8a591472",[759,794,816,831,848,978,981],{"_uid":760,"data":761,"component":793},"4e9717c1-87fe-4fe4-8fb9-dc459a3aba09",{"type":15,"content":762},[763,779,786],{"type":764,"attrs":765,"content":767},"heading",{"level":766},2,[768,774],{"text":769,"type":22,"marks":770},"Vermont state income 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percent",{"_uid":817,"data":818,"component":793},"4a3d7f1d-1f85-4e5f-a212-cac1ed76ae25",{"type":15,"content":819},[820],{"type":18,"content":821},[822,827],{"text":823,"type":22,"marks":824},"For those who are married and filing separately, the ranges are as follows: ",[825],{"type":129,"attrs":826},{"color":12},{"text":775,"type":22,"marks":828},[829],{"type":129,"attrs":830},{"color":131},{"_uid":832,"caption":12,"content":833,"component":814,"paste_content":847,"hide_heading_row":543,"first_col_to_headings":543},"fd5fe023-ca5f-41ed-881d-fccfae80b8d5",{"tbody":834,"thead":842,"fieldtype":813},[835],{"_uid":836,"body":837,"component":806},"7064f18f-adc6-4a74-8194-a480facae9df",[838,840],{"_uid":839,"value":12,"component":803},"65d4366f-b3a4-4906-92b5-f2ad6886987e",{"_uid":841,"value":12,"component":803},"d9b0eb39-01ff-49fc-94ef-cca77c510a6a",[843,845],{"_uid":844,"value":12,"component":810},"50a26bba-5f83-4959-b4f3-585ab935e1b6",{"_uid":846,"value":12,"component":810},"f1c436f1-acbf-4083-a0e9-b5b90de21ba7","Vermont taxable income\tTax rate\n$10,538—$86,388\t3.35 percent\n$86,389—$193,938\t6.6 percent\n$193,939—$289,988\t7.6 percent\n$289,989 and over\t8.75 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In 2023, seven different federal income tax brackets dictate how much you’ll owe each tax year.   ",[864],{"type":129,"attrs":865},{"color":12},{"type":18,"content":867},[868,873,883],{"text":869,"type":22,"marks":870},"If you’re unsure about filing your taxes, ",[871],{"type":129,"attrs":872},{"color":12},{"text":874,"type":22,"marks":875},"a financial advisor can help",[876,879,881],{"type":31,"attrs":877},{"href":55,"uuid":34,"anchor":34,"target":878,"linktype":36},"_blank",{"type":129,"attrs":880},{"color":12},{"type":882},"underline",{"text":884,"type":22,"marks":885},". Here, they can review your income sources and develop a unique tax strategy just for you.    ",[886],{"type":129,"attrs":887},{"color":12},{"type":764,"attrs":889,"content":890},{"level":766},[891,897],{"text":892,"type":22,"marks":893},"Vermont Sales Tax",[894,895],{"type":38},{"type":129,"attrs":896},{"color":12},{"text":775,"type":22,"marks":898},[899],{"type":129,"attrs":900},{"color":12},{"type":18,"content":902},[903],{"text":904,"type":22,"marks":905},"Vermont has a statewide sales tax rate of 6 percent.  ",[906],{"type":129,"attrs":907},{"color":12},{"type":18,"content":909},[910],{"text":911,"type":22,"marks":912},"However, local counties and municipalities can also add their own rates on top of this of one percent. This brings the local sales tax to 7 percent. 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However, the amount of tax you pay will depend on where in the state you live. For example, in Windsor County, you will pay 1.92 percent. In Franklin County, it comes in at around 1.52 percent. ",{"text":775,"type":22,"marks":1007},[1008],{"type":129,"attrs":1009},{"color":131},{"type":18,"content":1011},[1012,1014],{"text":1013,"type":22},"Like many other states, Vermont's property tax is collected locally, meaning any property tax you owe must be paid directly to the town where the property is located. ",{"text":775,"type":22,"marks":1015},[1016],{"type":129,"attrs":1017},{"color":131},{"type":764,"attrs":1019,"content":1020},{"level":766},[1021,1025],{"text":1022,"type":22,"marks":1023},"Vermont Motor Tax",[1024],{"type":38},{"text":993,"type":22},{"type":18,"content":1027},[1028],{"text":1029,"type":22},"When buying a vehicle in Vermont, you must be aware of the tax you must pay.  ",{"type":18,"content":1031},[1032],{"text":1033,"type":22},"You must pay six percent state sales tax when purchasing any new or used vehicle.  ",{"type":764,"attrs":1035,"content":1036},{"level":766},[1037,1041],{"text":1038,"type":22,"marks":1039},"Vermont Estate Tax",[1040],{"type":38},{"text":993,"type":22},{"type":18,"content":1043},[1044],{"text":1045,"type":22},"Vermont is one of the few states that does levy estate tax. However, you will only pay estate tax should your estate surpass $5 million upon death.  ",{"type":18,"content":1047},[1048],{"text":1049,"type":22},"Vermont’s estate tax is applied at a flat rate of 16 percent. This is only applied to the amount surpassing $5 million. For example, if your estate is worth $6 million, you will only be taxed on $1 million.  ",{"type":18,"content":1051},[1052],{"text":1053,"type":22},"It’s important to remember federal estate tax will also apply if your estate is above a certain threshold ($12.92 million in 2023); otherwise, there will be no fees on the estate or inheritance you leave behind.    ",{"type":764,"attrs":1055,"content":1056},{"level":766},[1057,1061],{"text":1058,"type":22,"marks":1059},"Vermont Retirement Tax",[1060],{"type":38},{"text":993,"type":22},{"type":18,"content":1063},[1064],{"text":1065,"type":22},"Unlike some states, Vermont taxes retirement income from savings accounts such as 401(k) and IRA plans. This is calculated on the state income tax system.  However, Vermont does offer a deduction of up to $10,000 for some retirement income.  ",{"type":18,"content":1067},[1068],{"text":1069,"type":22},"Social Security benefits are tax-exempt for joint filers with an adjusted gross income (AGI) of $65,000 or less.  ",{"type":18,"content":1071},[1072,1076],{"text":1073,"type":22,"marks":1074},"For further tax guidance and to ensure you’re not paying more tax than you need to, it’s wise to speak to an expert. A financial advisor can help you handle all your tax queries and ensure you’re not paying more tax than needed. ",[1075],{"type":38},{"text":1077,"type":22},"      ",{"type":18,"content":1079},[1080,1087],{"text":1081,"type":22,"marks":1082},"Find your financial advisor with Unbiased",[1083,1085,1086],{"type":31,"attrs":1084},{"href":55,"uuid":34,"anchor":34,"target":878,"linktype":36},{"type":38},{"type":882},{"text":1088,"type":22},".   ",[1090],{"_uid":1091,"image":1092,"title":1095,"component":1109,"breadcrumbs":558},"a6eff1b5-79a4-448e-bcd5-74b26b0b0436",{"alt":12,"name":12,"title":12,"filename":1093,"copyright":12,"fieldtype":1094},"https://a.storyblok.com/f/185166/658x450/cabb860d22/vermont-tax-guide.webp","asset",{"type":15,"content":1096},[1097],{"type":18,"content":1098},[1099,1101,1107],{"text":1100,"type":22},"Tax in ",{"text":1102,"type":22,"marks":1103},"Vermont",[1104],{"type":25,"attrs":1105},{"class":1106},"primary-gradient",{"text":1108,"type":22},": a complete guide","app-hero",{"name":1111,"created_at":1112,"published_at":1113,"updated_at":1114,"id":1115,"uuid":1116,"content":1117,"slug":1127,"full_slug":1128,"sort_by_date":34,"position":1129,"tag_list":1130,"is_startpage":543,"parent_id":1131,"meta_data":34,"group_id":1132,"first_published_at":1133,"release_id":34,"lang":730,"path":34,"alternates":1134,"default_full_slug":34,"translated_slugs":34,"_stopResolving":558},"Rachel Carey","2023-03-28T10:05:08.718Z","2025-01-28T12:05:49.815Z","2025-01-28T12:05:49.832Z",283076789,"b4ce951f-89c7-4ef6-97a8-709dc6d856e1",{"job":1118,"_uid":1119,"name":1111,"image":1120,"component":1123,"education":1124,"expertise":1125,"description":1126},"Senior Content Writer","a6e3129c-eeee-4438-8204-797883981521",{"id":1121,"alt":12,"name":12,"focus":12,"title":12,"filename":1122,"copyright":12,"fieldtype":1094,"is_external_url":543},7792663,"https://a.storyblok.com/f/185166/1199x1257/2401746255/rachel-carey.jpg","article-author","Griffith College Dublin, MA (Hons) in Journalism & Media Communications","Rachel brings over a decade of experience in media, including SEO content writing, marketing, public relations, and broadcast and print journalism.","Rachel is a Senior Content Writer at Unbiased, producing content across a range of different sectors, including personal finance, retirement, and investing. She specializes in simplifying intricate financial terms into clear, engaging content tailored for both B2C and B2B audiences.","rachel-carey","authors/rachel-carey",-10,[],224651374,"024abff2-15a6-4099-8ba2-25c01abe42e8","2023-04-03T07:50:42.397Z",[],[1136],{"_uid":1137,"list":1138,"cta_link":1139,"cta_text":1140,"component":1141,"window_label":12,"window_title":1142},"d4d58db0-3f51-4fbe-b88a-9eb7a3389506","A financial advisor can help you with all of your tax planning needs","https://v2.unbiased.com/inquiry/financial-advisor/advice-areas","Find a financial advisor ","app-banner",{"type":15,"content":1143},[1144],{"type":18,"content":1145},[1146],{"text":1147,"type":22,"marks":1148},"Need help with your taxes?",[1149],{"type":129,"attrs":1150},{"color":131},{"title":1152,"plugin":1153,"og_image":12,"og_title":12,"description":1154,"twitter_image":12,"twitter_title":12,"og_description":12,"twitter_description":12},"Vermont tax guide","seo_metatags","This guide details what you need to know about your tax liability if you live in Vermont.","app-article",[],[],[],"vermont-tax-guide","discover/taxes/vermont-tax-guide",-1980,[],224651381,"45fcc0b0-e2d3-4abb-86b2-8ea3c76dd651","2023-09-29T15:57:56.310Z",[],{"left":727,"top":727,"width":1168,"height":1168,"rotate":727,"vFlip":543,"hFlip":543,"body":1169},24,"\u003Cpath fill=\"currentColor\" d=\"M3.71 16.29a1 1 0 0 0-.33-.21a1 1 0 0 0-.76 0a1 1 0 0 0-.33.21a1 1 0 0 0-.21.33a1 1 0 0 0 .21 1.09a1.2 1.2 0 0 0 .33.21a.94.94 0 0 0 .76 0a1.2 1.2 0 0 0 .33-.21a1 1 0 0 0 .21-1.09a1 1 0 0 0-.21-.33M7 8h14a1 1 0 0 0 0-2H7a1 1 0 0 0 0 2m-3.29 3.29a1 1 0 0 0-1.09-.21a1.2 1.2 0 0 0-.33.21a1 1 0 0 0-.21.33a.94.94 0 0 0 0 .76a1.2 1.2 0 0 0 .21.33a1.2 1.2 0 0 0 .33.21a.94.94 0 0 0 .76 0a1.2 1.2 0 0 0 .33-.21a1.2 1.2 0 0 0 .21-.33a.94.94 0 0 0 0-.76a1 1 0 0 0-.21-.33M21 11H7a1 1 0 0 0 0 2h14a1 1 0 0 0 0-2M3.71 6.29a1 1 0 0 0-.33-.21a1 1 0 0 0-1.09.21a1.2 1.2 0 0 0-.21.33a.94.94 0 0 0 0 .76a1.2 1.2 0 0 0 .21.33a1.2 1.2 0 0 0 .33.21a1 1 0 0 0 1.09-.21a1.2 1.2 0 0 0 .21-.33a.94.94 0 0 0 0-.76a1.2 1.2 0 0 0-.21-.33M21 16H7a1 1 0 0 0 0 2h14a1 1 0 0 0 0-2\"/>",[1171,1174,1175],{"title":1172,"exact":558,"href":1173},"Home","https://www.unbiased.com",{"title":453,"exact":558,"to":466,"disabled":543},{"title":750,"exact":558,"to":1176,"disabled":558},"/discover/taxes/vermont-tax-guide",{"left":727,"top":727,"width":733,"height":733,"rotate":727,"vFlip":543,"hFlip":543,"body":1178},"\u003Cpath fill=\"currentColor\" d=\"m181.66 133.66l-80 80a8 8 0 0 1-11.32-11.32L164.69 128L90.34 53.66a8 8 0 0 1 11.32-11.32l80 80a8 8 0 0 1 0 11.32\"/>",1777106602754]