Vermont

What's New



By the Numbers

Personal Income Tax Features
Range of Tax Rates 3.55% - 8.95%
Standard Deduction
  • $6,300 ($12,600 for Married Couples)
  • Personal Exemption $4,000
    Dependent Exemption $4,000
    Earned Income Tax Credit (EITC) 32% Refundable
  • Notable capital gains preference
  • Personal exemption phases out for high income levels
  • Corporate Income Tax Features
    Range of Tax Rates Personal exemption phases out for high income levels
    Income Level at Which Top Rate Applies N/A
    Combined Reporting 6.00% - 8.50%
    Apportionment Factor (Payroll) $25,000
    Apportionment Factor (Property) Yes
    Apportionment Factor (Sales) 25%
    Sales Tax Features
    State Sales Tax Rate 6.00%
    Average Local Sales Tax Rate 0.1%
    Average Combined State & Local Sales Tax Rate 6.1%
    State Sales Tax Treatment of Groceries Exempt
    Local Sales Tax Treatment of Groceries Exempt
    Number of Services Taxed 32 out of 168 surveyed (2007)
    Streamlined Sales Tax Membership Full
  • Sales tax applies to digital goods and services
  • Property Tax Features
  • Provides a circuit breaker for homeowners and renters of all ages
  • Levies statewide uniform property tax.
  • Other Tax & Revenue Features
    Gasoline Tax Rate (per gallon) $0.320
    Diesel Tax Rate (per gallon) $0.31
    Cigarette Tax Rate (per pack) $2.75
    Estate or Inheritance Tax Yes
    Net Lottery Sales Per Capita $147 (2010)
    Tax Policy Oversight
    Tax Expenditure Report Yes
    Tax Incidence Analysis Capability Personal income tax only

    Last updated January 13, 2015