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VT Form 8879VTC VERMONT For office use only Corporate or Business Income Tax Declaration for Electronic Filing Date received (SEE INSTRUCTIONS IN THE VT FED/STATE EFILE HANDBOOK) Part I Entity Name.

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If you are age 65 or older, your standard deduction increases by $1,700 if you file as single or head of household. If you are legally blind, your standard deduction increases by $1,700 as well. If you are married filing jointly and you OR your spouse is 65 or older, your standard deduction increases by $1,350.

The income of S-Corporations, Partnerships and Limited Liability Companies attributable to Vermont passes through to the shareholders, partners, or members and is taxed at the individual or corporate income tax rate. Each shareholder, partner, or member must also file a Vermont Income Tax return.

You must file an income tax return in Vermont: if you are a resident, part-year resident of Vermont, or a nonresident but earned Vermont income, and. if you are required to file a federal income tax return, and. you earned or received more than $100 in Vermont income, or.

Vermont law protects some property and income from being taken by courts or by creditors trying to collect a debt. These are called “exemption laws.” Exemption laws let you keep property and income that you need to support yourself and your family.

Vermont allows taxpayers to exclude the first $10,000 of retirement income from certain other retirement systems. Income received from a contributory annuity, pension, endowment, or retirement system of the U.S. government or a state government is eligible for a reduction in tax.

A Percentage Exclusion allows you to you exclude up to 40% of your adjusted net capital gain from the sale of assets held for more than three years. Only certain categories of capital gain income are eligible for this exclusion.

How does Vermont's tax code compare? Vermont has a graduated individual income tax, with rates ranging from 3.35 percent to 8.75 percent. Vermont also has a graduated corporate income tax, with rates ranging from 6.00 percent to 8.5 percent.

For tax year 2021, the Vermont personal exemption is $4,350.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232