Vermont Income Tax Guide for 2024

Overview

Vermont uses a progressive income tax system with rates ranging from 3.35% to 8.75%. Capital gains are taxed as ordinary income. The state offers a standard deduction of $7,400 for single filers, personal exemptions of $5,100, and dependent exemptions of $5,100.

Income Tax Rates

Single Filers

Income Range	Tax Rate
Up to $47,899	3.35%
$47,900 - $115,999	6.6%
$116,000 - $241,999	7.6%
$242,000+	8.75%

Married Filing Jointly

Income Range	Tax Rate
Up to $79,949	3.35%
$79,950 - $193,299	6.6%
$193,300 - $294,599	7.6%
$294,600+	8.75%

Capital Gains Tax

Capital gains are taxed at the same rates as ordinary income.

Deductions & Exemptions

Type	Amount
Standard Deduction (Single)	$7,400
Standard Deduction (Married Filing Jointly)	$14,850
Personal Exemption (Single)	$5,100
Personal Exemption (Married)	$10,200
Dependent Exemption	$5,100

Additional Information

Capital gains exclusions: $350,000 percentage cap, $5,000 flat
Vermont has its own standard deduction ($7,400 single / $14,850 married filing jointly for 2024, head of household $11,100), plus $1,200 for each federal age-65-or-blind box, and its own personal exemption of $5,100 per exemption; both are indexed annually
For federal adjusted gross income over $150,000 the Vermont tax is at least 3% of federal AGI less interest from U.S. obligations

Charts

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Sources

The 2024 figures for Vermont on this page were compiled from the following official government publications:

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Last updated: September 15, 2026

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