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Tax Season Reminders
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With filing season is well under way, the Department of Taxes has a these reminders:
Your mailing address matters
When submitting online returns, be sure to include your apartment or suite number/letter on the second address line. We also need your 4-digit ZIP code extension in the ZIP code field.
An incorrectly formatted address may delay important correspondence and refunds
Be sure to update your proper mailing address with your preparer, or he or she may assume it is the same as last year. An incorrect address may delay important correspondence and refunds.
Tax exemption for eligible Social Security recipients
When a taxpayer works in more than one state
A taxpayer who earns income from work in Vermont and also in another state should file a state tax return in each state. When a Vermont resident earns money working in another state, Vermont withholding should be calculated for the entire earnings, then reduced by the amount withheld in the other state or states. For work performed in a state with no income tax, the income should be treated as Vermont income for the purpose of withholding. See Technical Bulletin 23.
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Are You Eligible for Free File?
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More than half of Vermont taxpayers are eligible to use Free File to e-file their tax returns for free. Even so, less than 3% of eligible filers used Free File in 2018, and the Department wants to boost that number. Free File makes e-filing available to people who meet income, age, and eligibility requirements. Generally Vermonters with a federal adjusted gross income (AGI) of $66,000 or less, or who are members of the military, or who qualify for the Earned Income Tax Credit (EITC or EIC) may find one or more free commercial software products by visiting the Free File page.
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Get Free Help, Too
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Free tax assistance during tax season
Eligible taxpayers can get free tax preparation assistance through the IRS and AARP. This assistance is meant to help low- to middle-income Vermonters. Meet with trained volunteer tax preparers at your local libraries and other sites around the state. For more information, see our website. In most cases, assistance is by appointment. With the tax return due date of April 15 fast approaching, it is important to call the assistance site to schedule an appointment as soon as possible.
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EITC for Working People
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Earned Income Tax Credit
The Earned Income Tax Credit (EITC or EIC) is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a federal tax return, even if you do not owe any tax or are not required to file. EITC reduces the amount of tax you owe and may give you a refund.
If you qualify for federal EITC, you are eligible for Vermont EITC, which is 36% of the federal amount. You must file an IN-111, Vermont income tax return, as well as Schedules IN-112 and IN-113 (if you are a part-year resident).
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Tax Credit Lowers Health Care Premiums
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Federal Premium Tax Credit---- update your status
If you received the federal Premium Tax Credit as an advance credit premium to help lower the cost of your monthly premiums, then you should be sure to report any change of income or household size to Vermont Health Connect. This helps ensure you receive the proper amount of tax credit. Learn more about the Premium Tax Credit.
Vermont Legal Aid provides more information about how to qualify for the Premium Tax Credit by the April 15 tax deadline.
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Extension Filing Deadline
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Filing an extension for Vermont personal income tax
If you are not ready to file and need more time, you may extend the deadline for up to six months to Oct. 15, 2019. To do this, you must file Form IN-151, Application for Extension of Time to File Form IN-111, on or before April 15. You may file online at myVTax.vermont.gov. Please note that you may only extend the filing date. You must pay any tax owed by April 1 to avoid penalty and interest.
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If You're in Business...
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New industry-specific guidance
Some industries operating in Vermont present unique tax situations specific to the the creation and sale of their products. We are building a webpage with information that clarifies and explains tax law and regulation as applied to specific industries. Currently, we have information for the Hemp and Cannabidiol (CBD) industry and for nonprofit organizations. We will be adding more information as it becomes available and more industries, so be sure to check the Industry page frequently.
Updated sales and use regulations now available
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Guidance for Veterans' Organizations
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New fact Sheet for veterans' nonprofits
A new fact sheet for nonprofit veterans' organizations, Vermont Business Taxes and Your 501(c)(19) Organization, has been published to the website. The fact sheet covers what fraternal veterans' organizations need to now about Sales and Use Tax, Meals, Rooms and Alcohol tax, entertainment charges, and purchases made for resale.
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We're on Social Media!
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Looking for the latest Vermont tax news?
Follow us on Facebook and Twitter!
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When You Have a Question
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Taxpayers with questions may reach the Department at 802-828-2865, or (toll-free in Vermont)
1-866-828-2865. The Individual Income Tax Section phone number is answered Monday, Tuesday, Thursday, and Friday, 7:45AM-4:30PM. In order to focus on processing, we do not take calls on Wednesdays.
Many answers can be found on our website. At the home page, simply enter your search word or phrase in the search window.
We are here to help.
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