Vermont Department of Taxes

NEWSLETTER

Special Edition Winter 2023

Join Our Dynamic Tax Team

Are you a seasoned tax professional looking for a new career? Look no further! The Vermont Department of Taxes (tax.vemont.gov) seeks talented individuals to join our team. Go to tax.vermont.gov/careers to view our current openings!

Current Openings

Apply Today!

2023 Rate Schedules and Tax Tables

The 2023 Personal Income Tax Rate Schedules and Tax Tables are now available.

Scams and Fraud: Communication is Key

Keeping the lines of communication open with your clients is a vital part of your strategy for protecting them and yourself from scams and fraud. Make it easy for clients to reach you if they receive a suspicious email or something doesn’t look right.

Here are some ways you can help keep you and your clients safe from scammers:

Be Wary of Advice on Social Media - Remind your clients to be careful of advice shared on social media. Inaccurate information could get your clients into trouble. To learn more about the types of scams found on social media channels, see Dirty Dozen: Taking tax advice on social media can be bad news for taxpayers; schemes circulating involving tax forms | Internal Revenue Service (irs.gov)

Newsletters - Do you send out a newsletter? Provide tips on how to look out for scams and how clients can contact you if they notice anything suspicious. Tell them about the annual IRS Dirty Dozen List (irs.gov) and the Vermont Consumer Assistance Program (CAP) for Small Businesses (ago.vermont.gov). Plus, since you’re already reading this, do you know we publish Vermont tax news for businesses and individuals? Invite clients to sign up (tax.vermont.gov).

Resources - Invite clients to the IRS’ Tax Professionals webpage at Protect Your Clients; Protect Yourself | Internal Revenue Service (irs.gov). While geared toward tax professionals, this webpage has information and links that are useful for your clients too.

Protect your clients by staying up to date on the latest threats and scams. Go to Protect Your Clients; Protect Yourself | Internal Revenue Service (irs.gov) to sign up.

We're Here to Help You

Tax professionals have several options for contacting the Vermont Department of Taxes. The Department's dedicated number for tax professionals is (802) 828-6815.

You can also reach us by email using the appropriate email address from the Department directory (tax.vermont.gov) or schedule a virtual or telephone appointment (tax.vermont.gov).

The New Child Care Contribution

Act 76 of 2023 (legislature.vermont.gov), an act relating to child care and early childhood education, tasks the Department of Taxes with the implementation and administration of the new Child Care Contribution (CCC). Did you know that the reporting and remittance of this new payroll and self-employment income tax will begin July 1, 2024?

The Department has begun creating information and guidance regarding the CCC. Visit our website (tax.vermont.gov) and check back often to ensure that you (and your tax preparation clients) are prepared.

Commissioner of Taxes Releases FY2025 Education Tax Rate Letter

Commissioner of Taxes, Craig Bolio, has released the December 1 education tax rate letter (tax.vermont.gov) which forecasts the education tax yields for resident homeowners and the non-homestead tax rate for the upcoming fiscal year (FY) 2025. This letter is based on specific calculations outlined in State law and is a result of collaboration by the Department of Taxes, Agency of Education, Department of Finance and Management, and Joint Fiscal Office.

Read the Press Release

Watch! Paying Estimated Income Tax Online

Share our new How To videos with your clients. These short informational videos demonstrate how to make an estimated income tax payment online through myVTax with an account and without an account.

How to Schedule and Pay Estimated Income Tax Using Your myVTax Account

How to Schedule and Pay Personal Estimated Income Tax Online

Legislative Session Begins January 3, 2024

The Vermont General Assembly will reconvene to begin the 2024 legislative session on Wednesday, January 3, 2024. House and Senate committees meet Tuesday through Friday, with Mondays reserved for study and constituent activities.

Although the Department of Taxes closely follows and engages in discussions in the House Committee on Ways and Means and the Senate Committee on Finance, we pay attention wherever tax policy is discussed at the Vermont State House (statehouse.vermont.gov).

The general public is also able to follow legislative proceedings. To follow a specific committee, go to the Vermont General Assembly’s website (legislature.vermont.gov), click the “Committees” tab, and select the desired committee from the list. To learn more about what each committee is discussing on any given day, please refer to the weekly schedule (legislature.vermont.gov), under the “Committees” tab. These resources provide a daily schedule of meetings, witnesses, topics, bills being discussed, links to live streams and recordings, and a wealth of other interesting information.

2023 Fall Tax Symposium

The 2023 Fall Tax Symposium, hosted by the Vermont Department of Taxes, is now, as they say, on the books! Due to the July 2023 flooding in Montpelier, we moved the Symposium to the Waterbury State Office Complex. Symposium attendees were provided with timely, content-rich presentations, and plenty of face time with Department personnel and fellow tax professionals. But don’t take our word for it! Here are a few comments we received from attendees:

"This symposium was so well put together and I will rate it the best CPE class I've attended in 20 years."

"You all seem to actually enjoy what you do and each other, and it shows."

"The tax symposium was organized, informative and super relevant!"

"It’s apparent that you work well as a team, and that you spent much time preparing for this, and the homemade baked goods were just amazing."

"Your symposiums are very well thought out and executed. The presentations were professional and informative. I particularly like the stats and comparisons piece each year."

"I like the videos. While preparers may know the process, this is a great tool to share with clients."

"I greatly appreciate how personable and professional the whole Vermont Department of Taxes is. We are so lucky to live and work in Vermont and y'all make our lives easier."

"This 2023 Fall Tax Symposium was truly AWESOME."

We appreciated all the feedback we received in attendee responses to our evaluation, and we’ve noted a few suggestions for improvements that we’ll keep in mind for next year. If you attended the Symposium and have not completed the evaluation (forms.office.com), it's not too late.

Links to other information regarding the 2023 Fall Tax Symposium can also be found on the Department's website (constantcontact.com).

We’re genuinely grateful to the 200 tax professionals who chose to spend a day with us, virtually or in person. You all helped to make this day a success.

Taxes can be complex, and we are here to help. For questions about your return, myVTax account, or tax-related matter, please call (802) 828-2655 or toll-free in Vermont at (866) 828-2865. Our Call Center hours are:

Monday, Tuesday, Thursday, and Friday, 7:45 a.m. - 4:30 p.m. EST

We highlight new content, guides, fact sheets, and how-to videos that help individuals and businesses understand state and federal taxes, get financial safety alerts, and more.