Vermont Salary After Tax Calculator

Check what your salary after tax will be in Vermont with this simple, handy, calculator.

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Vermont, United States Income Tax Rates for 2024

The amount of US income tax you pay on your salary in Vermont will depend on your taxable income after any applicable deductions and exemptions, and how much of your income falls in each of the income tax bands at both federal and state level.

Like many countries, the United States of America has a progressive tax system with tax being paid at different rates depending on how high your income is. In the US, you will be pay both federal and provincial income tax.

Standard Deductions

A tax deduction is an item that you can use to subtract from your taxable income, which reduces the amount of tax you pay. There is a standard deduction amount that is available at both federal and state level.

The table below shows the federal Standard Deductions for 2024.

Filing Status Deduction Amount
Single $13,850
Married, Filing Jointly $27,700
Married, Filing Separately $13,850
Head of Household $20,800

The table below covers the Vermont Standard Deductions for 2024:

Single Married
$6,500 $13,050

Federal Income Tax Brackets for 2024

Single Filer

Tax Bracket Tax Rate

Married Filing Jointly

Tax Bracket Tax Rate

Married Filing Separately

Tax Bracket Tax Rate

Head of Household

Tax Bracket Tax Rate

Vermont Income Tax Brackets 2024

In addition to the federal tax brackets, residents in Vermont will also pay tax according to the state tax brackets. The table below shows the latest Vermont tax brackets for 2024.

Tax Bracket Tax Rate
Less than $42,150 3.35%
$42,150 to $102,200 6.6%
$102,200 to $213,150 7.6%
More than $213,150 8.75%

FICA and Medicare 2024 Rates

FICA is a U.S. federal payroll tax. It stands for the Federal Insurance Contributions Act and is deducted from each paycheck.

Medicare is a federal government program providing healthcare insurance to individuals 65 and older, or those under 65 who meet eligibility requirements.

The latest rates for each can be found in the tables below.

FICA Rates

Year Wage Limit FICA Rate
2023 $160,200 6.2%

The Wage Limit amount is the maximum taxable earnings, and any gross income above that threshold is exempt from Social Security tax.

Medicare Rates

Bracket Medicare Rate
Less than $200,000 1.45%
More than $200,000 2.35%

How Much Tax Will I Pay in the United States for 2024?

To see how the above tax brackets will affect your salary in the 2024 tax year, head back to the top of the page and enter your salary.

Common Vermont Salary After Tax Calculations

The list below covers the majority of the most commonly searched for Vermont salary and tax calculations for salaries ranging from $10,000 to $1m per year.

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  • "Vermont Salary After Tax Calculator". World Salaries. Accessed on April 21, 2024. https://worldsalaries.com/us/vermont-salary-calculator/.

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