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How to Calculate 2016 Vermont State Income Tax by Using State Income Tax Table

1. Find your income exemptions

2. Find your pretax deductions, including 401K, flexible account contributions ...

3. Find your gross income

4. Check the 2016 Vermont state tax rate and the rules to calculate state income tax

5. Calculate your state income tax step by step

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  Vermont STATE TAX TABLES
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     How to handle Vermont Payroll
 Important Tax Due Dates>


2018 Vermont State Tax Witholding Table
2017 Vermont State Tax Witholding Table
2016 Vermont State Tax Witholding Table
2015 Vermont State Tax Witholding Table
2014 Vermont State Tax Witholding Table
2013 Vermont State Tax Witholding Table
2012 Vermont State Tax Witholding Table
2011 Vermont State Tax Witholding Table
2010 Vermont State Tax Witholding Table

Tax rate used in calculating Vermont state tax for year 2016

State Abbreviation:

VT

State Tax Withholding State Code:

50

Acceptable Exemption Form:

W-4VT

Basis For Withholding:

Federal or State Exemptions

Acceptable Exemption Data:

S or M/Number of Exemptions

TSP Deferred:

Yes

Special Coding:

None

Additional Information:

If a state income tax certificate has not been processed or if a valid state exemption code is not present, the Federal exemptions will be used in the computation of state tax. Additional withholdings will be held at 27 percent of the Federal tax withheld and added to the state tax withholdings.

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Withholding Formula >(Vermont Effective 2016)<
  1. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.

  2. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the amount computed in step 1.

  3. Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.

  4. Multiply the adjusted gross biweekly wages by 26 to obtain the annual wages.

  5. Determine the exemption allowance by applying the following guideline and subtract this amount from the annual wages to compute taxable income:
  6. Exemption Allowance = >$4,000< x Number of Exemptions

  7. Apply the taxable income computed in step 5 to the following table to determine the annual Vermont tax withholding:

  8. Tax Withholding Table
    Single

    If the Amount of
    Taxable Income Is:

    The Amount of Vermont
    Tax Withholding Should Be:

    Over:

    But Not
    Over:

    Of Excess Over:

    $ 0
    $ 2,650
    $ 0.00
    plus
    0.00%
    $ 0
    2,650
    >39,900
    0.00
    plus
    3.55%
    2,650
    39,900
    93,400
    >1,322.38
    plus
    6.80%
    39,900
    93,400
    192,400
    4,960.38
    plus
    7.80%
    93,400
    192,400
    415,600
    12,682.38
    plus
    8.80%
    192,400
    415,600<
    and over
    32,323.98
    plus
    8.95%
    415,600<


    Married

    If the Amount of
    Taxable Income Is:

    The Amount of Vermont
    Tax Withholding Should Be:


    Over:

    But Not
    Over:

    Of Excess
    Over:

    $ 0
    $ 8,000
    $ 0.00
    plus
    0.00%
    $ 0
    8,000
    >69,900
    0.00
    plus
    3.55%
    8,000
    69,900
    160,450
    >2,197.45
    plus
    6.80%
    69,900
    160,450
    240,000
    8,354.85
    plus
    7.80%
    160,450
    240,000
    421,900
    14,559.75
    plus
    8.80%
    240,000
    421,900 <
    and over
    30,566.95
    plus
    8.95%
    421,900 <

  9. Divide the annual tax withholding by 26 to obtain the biweekly Vermont tax withholding. If Federal exemptions were used and there are additional withholdings, proceed to step 8.

  10. If additional Federal tax was withheld, multiply the additional amount by 26 percent and add that to the result of step 7 to obtain the biweekly Vermont tax withholding.
 
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