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Vermont Estimated Income Tax Instructions
Extracted from PDF file 2025-vermont-estimated-tax-instructions.pdf, last modified October 2024Estimated Income Tax Instructions
2025 FORM IN-114 Instructions Individual Income Estimated Tax Payment Voucher General Information Please print in BLUE or BLACK ink only. Estimated income tax is the amount of Vermont tax you expect to owe for the year on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rental income, alimony, etc.), or exceeding withholdings, plus any additions. Additions to Vermont tax may include: - Qualified Retirement Plans (including Individual Retirement Accounts, Health Savings Accounts, and Medical Savings Accounts) - Recapture of Federal Investment Tax Credit - Vermont Tax Credit Recapture Who Must Make Estimated Income Tax Payments? Generally, you must pay estimated income tax if you expect to owe an income tax liability or have income not subject to withholding such as self-employment earnings. Individuals receiving twothirds of their income from farming or fishing, as defined by the IRS, are not required to make estimated income tax payments. How Do I Determine My Estimated Tax Liability? Please use your 2024 tax liability or use the worksheet included with this form to estimate your 2025 tax liability. In order to avoid underpayment of estimated tax, which may result in penalty and interest charges, estimated tax payments must either be: 1) 100% of last year’s tax liability or 2) 90% of this year’s tax liability. If the tax liability due is less than $500, you will not be subject to penalty or interest charges. When Are Estimated Income Tax Payments Due? Estimated income tax payments are made in four equal amounts by the due dates shown below: 1st payment. . . . . . . . . . . . . . . . . . . . . April 15, 2025 2nd payment. . . . . . . . . . . . . . . . . . . . June 16, 2025 3rd payment . . . . . . . . . . . . . . . . . . . . September 15, 2025 4th payment. . . . . . . . . . . . . . . . . . . . . January 15, 2026 Can I File Annualized Estimated Payments for Vermont? Individuals who make annualized estimated tax payments with the IRS may also make annualized estimated payments in Vermont. If you make annualized payments, please attach a completed copy of federal Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts, and Vermont Form IN-152A, Annualized Income Installment Method for Underpayment of 2024 Estimated by Tax by Individual, Estates, and Trusts, when you file your Vermont income tax return. Questions? Contact your tax preparer for advice on filing estimated income tax payments. Please see the Vermont Department of Taxes website, www.tax.vermont.gov, to find answers to many of your tax questions. Contact the Vermont Department of Taxes for other assistance. 2025 Form IN-114 Instructions Page 1 of 1 Rev. 10/24 2025 Preliminary Vermont Tax Rates Married Filing Jointly, Schedule Y-1 Use if your filing status is: Married Filing Jointly; Qualifying Widow(er) or Civil Union Filing Jointly Single Individuals, Schedule X Use if your filing status is: Single If your Taxable Income is Over But Not Over VT Base Tax is of the Amount Over If your Taxable Income is Over But Not Over VT Base Tax is Plus of the Amount Over 0.00 3.35% 0 0 82,500 0.00 3.35% 0 49,400 119,700 1,655.00 6.60% 49,400 82,500 199,450 2,764.00 6.60% 82,500 119,700 249,700 6,295.00 7.60% 119,700 199,450 304,000 10,482.00 7.60% 199,450 304,000 - 18,428.00 8.75% 304,000 0 49,400 Plus 249,700 - 16,175.00 8.75% 249,700 Married Filing Separately, Schedule Y-2 Use if your filing status is: Married Filing Separately or Civil Union Filing Separately If your Taxable Income is Over But Not Over VT Base Tax is 0 41,250 Plus Heads of Household, Schedule Z Use if your filing status is: Head of Household of the Amount Over If your Taxable Income is Over But Not Over VT Base Tax is Plus of the Amount Over 0.00 3.35% 0 0 66,200 0.00 3.35% 0 41,250 99,725 1,382.00 6.60% 41,250 66,200 171,000 2,218.00 6.60% 66,200 99,725 152,000 5,241.00 7.60% 99,725 171,000 276,850 9,135.00 7.60% 171,000 - 9,214.00 8.75% 152,000 276,850 - 17,179.00 8.75% 276,850 152,000 RECORD of 2025 ESTIMATED PAYMENTS Due Date April 15, 2025 June 16, 2025 Sept. 15, 2025 Jan. 15, 2026 Date Paid Check # Amount Paid
Estimated Tax Instructions
More about the Vermont Estimated Tax Instructions Individual Income Tax TY 2025
These instructions explain how to fill out and file your self employment taxes.
Estimated Tax Instructions requires you to list multiple forms of income, such as wages, interest, or alimony 
.
We last updated the Estimated Income Tax Instructions in January 2026, so this is the latest version of Estimated Tax Instructions, fully updated for tax year 2025. You can download or print current or past-year PDFs of Estimated Tax Instructions directly from TaxFormFinder. You can print other Vermont tax forms here.
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TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form IN-114 | Individual Income Estimated Tax Payment Voucher |
| Form HS-122 (Instructions) | Vermont Homestead Declaration AND Property Tax Credit Claim (Instructions) |
| Worksheet IN-152 | Underpayment of Estimated Individual Income Tax |
| Schedule IN-155 | Federal Itemized Deductions Addback (OBSOLETE) |
| School District Codes | Vermont School District Codes List |
View all 52 Vermont Income Tax Forms
Form Sources:
Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Estimated Tax Instructions from the Department of Taxes in January 2026.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Vermont Estimated Tax Instructions
We have a total of nine past-year versions of Estimated Tax Instructions in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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