Vermont (VT) – 2016


Minimum WageVermontFederal
Minimum Wage$10.00$7.25
Minimum Cash Wage (Tipped Employee)$5.00$2.13
Maximum Tip Credit$5.00$5.12
Youth Minimum Wage$10.00$4.25
State Income TaxVermontFederal
Wage WithholdingTables
Supplemental Wage / Bonus Rates: Flat rate withholding method (Unchanged from 2016)24% of Federal Tax
Supplemental Wage / Bonus Rates: Pay over $1 Million (Unchanged from 2016)24% of Federal Tax
Unemployment InsuranceVermontFederal
Maximum 2017 Taxable Earnings$17,300 (Increased from $16,800 in 2016)
Employee 2017 DeductionNone
Employer FY2017 Tax Rates(Effective July 1, 2016 – June 30, 2017) 1.3 – 8.4%
Standard 2017 New Employer Rate1.0%
Voluntary Contribution PermittedNo

Federal (FED) – 2016

Minimum WageFederal
Youth Minimum Wage$4.25
Maximum Tip Credit$5.12
Minimum Cash Wage (Tipped Employee)$2.13
Minimum Wage$7.25
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)0.9%
Employee / Employer Tax Rate (Unchanged from 2016)1.45%
Maximum Taxable EarningsNo Limit
Employee / Employer Tax Rate (Unchanged from 2016)6.2%
Maximum Taxable Earnings (Increased from $118,500 in 2016)$127,200
Normal Net Tax0.6%
Maximum Credit5.4%
Percent of Taxable Wages6.0%
Maximum Taxable Earnings$7,000
Health Savings AccountsFederal
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2016)$1,000
Family Contribution Limit (Employee / Employer) (Unchanged from 2016)$6,750
Self-Only Contribution Limit (Employee / Employer) (Increased from $3,350 in 2016)$3,400
Supplemental Wage / Bonus RatesFederal
Pay over $1 Million (Unchanged from 2016)39.6%
Flat rate withholding method (Unchanged from 2016)25%

Vermont State Resources

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