Vermont Paycheck Calculator

Utilize Federal Pension Advisors' Vermont paycheck calculator to determine your take-home pay per paycheck for both salaried and hourly positions, accounting for federal, state, and local taxes.

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Note: The results provided by this calculator are estimates and should not be considered as financial advice. For precise calculations and personalized advice, please consult with a financial professional.

Vermont -Taxes: An Overview

Vermont uses a progressive income tax system with four tax brackets. The highest rate in the state is 6.0%, which is among the highest in the country. None of the cities in Vermont have additional local income taxes.

Here are some quick facts about paychecks in Vermont:

Vermont income tax rates range from 6.0%
The median household income in Vermont is $74,014, based on U.S. Census Bureau data
No cities in Vermont have local income taxes

Understanding Your Vermont Paycheck

Predicting your paycheck can be tricky because of various deductions, including FICA taxes, federal and state income taxes, and other withholdings. When you start a new job, you'll fill out a W-4 form. Your Vermont employer uses this form, which includes your marital status and any extra withholding amounts you specify, to figure out how much to deduct for federal and state taxes. If your circumstances change during the year, you need to submit a new W-4 form to update your status or dependents.

Recently, the IRS updated the W-4 form. The new version eliminates allowances and introduces a five-step process where you provide personal information, list dependents, and note any additional income.

If you're self-employed, you pay both parts of the FICA taxes yourself but can deduct the employer’s portion from your taxable income.

Other deductions that might reduce your take-home pay include contributions to retirement accounts and health savings plans provided by your employer. The benefit here is that these contributions come out of your paycheck before taxes, lowering your taxable income and reducing your current tax bill.

Vermont Median Household Income

Year	Median Household Income
2022	$74,014
2021	$76,079
2020	$67,257
2019	$74,305
2018	$70,066
2017	$63,682
2016	$60,837
2015	$59,494
2014	$60,708
2013	$65,513
2012	$55,582

Vermont doesn’t have local income taxes in any of its cities. So, whether you live in Burlington, Rutland, or elsewhere, you won’t face any additional local taxes.

Using paycheck calculators, such as the Vermont paycheck calculator or the paycheck calculator West Virginia, can help you understand how often you get paid and how taxes will impact your take-home pay.

How You Can Affect Your Vermont Paycheck

You can't avoid income taxes, but you can adjust how much is taken out of your paycheck by changing your withholdings on your W-4 form. One easy way to do this is by specifying an extra amount you want withheld each paycheck. For example, if you want $20 more taken out of each paycheck, just write $20 in the designated spot on your W-4. This will reduce your paycheck now, but it could help you save on taxes later.

In addition to adjusting your withholdings, you can lower your taxable income by contributing to accounts like a 401(k), Health Savings Account (HSA), or Flexible Spending Account (FSA). These contributions are made before taxes, so while your paycheck may be smaller, you'll end up keeping more of your money in the long run.

Most Paycheck Friendly Places in Vermont

Rank	County, State	Semi-Monthly Paycheck	Purchasing Power	Unemployment Rate	Income Growth	Most Paycheck Friendly Index
1	Addison County, VT	$2,378	2.30	2.4%	5.03%	72.39
2	Chittenden County, VT	$2,378	2.17	2.1%	4.30%	71.09
3	Grand Isle County, VT	$2,378	2.26	3.3%	5.78%	71.05
4	Washington County, VT	$2,378	2.09	2.4%	3.81%	69.30
5	Orange County, VT	$2,378	2.00	2.6%	4.59%	68.89
6	Windsor County, VT	$2,378	1.90	2.2%	3.10%	67.33
7	Lamoille County, VT	$2,378	1.93	3.4%	4.37%	66.58
8	Bennington County, VT	$2,378	1.89	3.2%	4.27%	66.47
9	Franklin County, VT	$2,378	1.82	2.6%	3.06%	65.78
10	Orleans County, VT	$2,378	1.83	4.4%	5.71%	65.13
Vermont		$2,378	1.90	3.0%	4.1%

Why Use a Vermont Paycheck Calculator?

Understanding your take-home pay is essential for effective budgeting and financial planning. Vermont paycheck calculator simplifies this process by accurately determining your net pay. It takes into account various deductions such as federal taxes, state taxes, Social Security, Medicare, and any pre-tax deductions like health insurance or retirement contributions. Using a calculator tailored to tax regulations, such as the paycheck calculator Vermont or the Wyoming paycheck calculator, ensures that all relevant state-specific factors are included in your calculations.

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