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Vermont Paycheck Calculator

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Use SmartAsset's paycheck calculator to calculate your take home pay per paycheck for both salary and hourly jobs after taking into account federal, state, and local taxes.

Overview of Vermont Taxes

Vermont has a progressive state income system with five brackets. The state’s top income tax rate is one of the highest in the nation. No Vermont cities have local income taxes.

This calculator reflects the 2018 federal withholding tax changes.
Click here to learn more about how the Trump Tax Plan will affect you.

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  • Our Tax Expert

    Jennifer Mansfield, CPA Tax

    Jennifer Mansfield, CPA, JD/LLM-Tax, is a Certified Public Accountant with more than 30 years of experience providing tax advice. SmartAsset’s tax expert has a degree in Accounting and Business/Management from the University of Wyoming, as well as both a Masters in Tax Laws and a Juris Doctorate from Georgetown University Law Center. Jennifer has mostly worked in public accounting firms, including Ernst & Young and Deloitte. She is passionate about helping provide people and businesses with valuable accounting and tax advice to allow them to prosper financially. Jennifer lives in Arizona and was recently named to the Greater Tucson Leadership Program.

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Vermont Paycheck Calculator

Photo credit: ©iStock.com/Songquan Deng
Vermont Paycheck Quick Facts
  • Vermont income tax rate: 3.55% - 8.95%
  • Median household income: $56,104 (U.S. Census Bureau)
  • Number of cities with local income taxes: 0

How Your Vermont Paycheck Works

Whether you're newly relocated to the state or a Vermont native who just began a new job, you might feel unsure of what your new Vermont take-home pay will be. It can be a challenge to predict the size of your paycheck because money is deducted for FICA, federal and state income taxes, as well as other withholdings.

When you start a new job, you'll have to fill out a W-4 form. Your Vermont employer uses the information you provide on this form - with regard to your marital status, how many allowances you are claiming and if you opt for an additional dollar withholding - to determine how much to deduct from your paychecks for federal and state taxes. You'll need to submit a new form during the year if you want to make changes regarding your status or dependents.

You may also need to submit a new form in 2018 because of President Trump's new tax plan. The plan has slightly changed withholding calculations and the IRS released new withholding guidelines in January. You should have seen changes to their paychecks, to reflect the new tax plan, starting in February 2018. For the time being, your employer will use the withholdings on your current form but it's a good idea to check if you are happy with what you have currently designated.

A portion of your income will also go toward paying Social Security and Medicare taxes. (Collectively these are FICA, or Federal Insurance Contributions Act, taxes.) For each of these taxes a percentage of your income is withheld for the sake of sustaining these programs. Your employer will match these percentages, meaning that in the end you will have only been responsible for half of your FICA taxes. In the case of Social Security, you and your employer will each contribute 6.2% of your income for a total of 12.4%. And Medicare comprises a smaller percentage at just 1.45% each for a total of 2.9%.

While paying 50% of your FICA taxes is standard, there are exceptions to this rule. If you are a self-employed, you will have to pay these taxes in their entirety since you do not have a separate employer to match those percentages.

Other situations that could further dip into your take-home pay include contribution to retirement accounts and health savings plans sponsored by your employer. The good news is that although you'll be dipping into your paycheck now to build up your 401(k) and save for retirement, the money is taken out of your paycheck before taxes are applied, so by contributing you are actually reducing your taxable income which could help you to owe less in taxes now.

Vermont Median Household Income

YearMedian Household Income

Vermont’s tax rates are among the highest in the country. There are five tax brackets that vary based on income level and filing status. The state’s top tax rate is 8.95% but it only applies to single and joint filers making more than $413,350 in taxable income (for married people, filing separately, it’s over $206,675 in taxable income).

If you are a single filer making up to $37,650 in taxable income annually, you'll pay the lowest state income tax rate in Vermont at 3.55%.

Paying state income taxes might be a new financial adjustment for you if you’ve relocated recently from one of the seven states with no state income tax. Luckily for your paycheck, Vermont has no cities that levy a local income tax in addition to state taxes. This means that whether you live in Burlington, Rutland or anywhere in between, you won’t have an additional local withholding.

If you're planning on relocating to Vermont or thinking about a move within the state and you're looking to use a mortgage to purchase a home, our Vermont mortgage guide is a great place to start learning.

Income Tax Brackets

Single Filers
Vermont Taxable IncomeRate
$0 - $37,6503.55%
$37,650 - $91,1506.80%
$91,150 - $190,1507.80%
$190,150 - $413,3508.80%
Married, Filing Jointly
Vermont Taxable IncomeRate
$0 - $62,8503.55%
$62,850 - $151,9006.80%
$151,900 - $231,4507.80%
$231,450 - $413,3508.80%
Married, Filing Separately
Vermont Taxable IncomeRate
$0 - $31,4253.55%
$31,425 - $75,9506.80%
$75,950 - $115,7257.80%
$115,725 - $206,6758.80%
Head of Household
Vermont Taxable IncomeRate
$0 - $50,4003.55%
$50,400 - $130,1506.80%
$130,150 - $210,8007.80%
$210,800 - $413,3508.80%

How You Can Affect Your Vermont Paycheck

You can’t control or escape from your income taxes but you can control the steps you take to determine how your tax bill will be paid. You can have the most significant impact on your Vermont paycheck through your decisions regarding allowances. You have the option to claim fewer or more allowances when you complete your W-4 form.

If you claim more allowances, you will be paying less in taxes throughout the year and more of your income will be accessible to you. However with this option you face the risk of owing a large tax debt to the IRS at the end of the year if you haven’t paid enough in taxes. By opting for fewer allowances, your paychecks may take a hit from more money withheld in taxes and you’ll have less income to put toward savings or investments during the year, but you may receive a refund from the IRS in April.

If you have been subject to a significant tax bill in the past, opting for fewer allowances may be the right choice for you. You can also elect to have an additional dollar amount withheld from each of your paychecks to put toward your taxes if you are concerned about owing money during tax season.

Vermont Top Income Tax Rate

YearTop Income Tax Rate

Most Paycheck Friendly Places

SmartAsset's interactive map highlights the most paycheck friendly counties across the country. Zoom between states and the national map to see data points for each region, or look specifically at one of the four factors driving our analysis: Semi-Monthly Paycheck, Purchasing Power, Unemployment Rate, and Income Growth.

Rank County Semi-Monthly Paycheck Purchasing Power Unemployment Rate Income Growth

Methodology Our study aims to find the most paycheck friendly places in the country. These are places in the country with favorable economic conditions where you get to keep more of the money you make. To find these places we considered four different factors: semi-monthly paycheck, purchasing power, unemployment rate and income growth.

First, we calculated the semi-monthly paycheck for a single individual with two personal allowances. We applied relevant deductions and exemptions before calculating income tax withholding. To better compare withholding across counties we assumed a $50,000 annual income. We then indexed the paycheck amount for each county to reflect the counties with the lowest withholding burden.

We then created a purchasing power index for each county. This reflects the counties with the highest ratio of household income to cost of living. We also created an unemployment rate index that shows the counties with the lowest unemployment. For income growth, we calculated the annual growth in median income over five years for each county and indexed the results.

Finally, we calculated the weighted average of the indices to yield an overall paycheck friendliness score. We used a one half weighting for semi-monthly paycheck and a one-sixth weighting for purchasing power, unemployment rate and income growth. We indexed the final number so higher values reflect the most paycheck friendly places.

Sources: SmartAsset, government websites, US Census Bureau 2016 5-Year American Community Survey, MIT Living Wage Study, Bureau of Labor Statistics