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Vermont Department of Taxes
NEWSLETTER
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Tax Day Reminder - April 15, 2024 | |
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The filing and payment deadline for most 2024 filers is around the corner.
Below is a list of taxes due on April 15:
Individuals
- Personal Income Tax Return
- Homestead Declaration and Property Tax Credit Claim
- Estimated Income Tax Payment
Businesses
- Corporate Income Tax, or Application for Extension of Time to File Vermont Corporate/Business Income Tax Return
- Quarterly Estimated Payment
- Nonresident Withholding Estimated Payment, or Composite Filing Estimated Payment (For S-Corporations, Partnerships, and Limited Liability Companies using the calendar year)
Miscellaneous
- Cigarette and Tobacco Products Tax
File or Pay Online
You may pay individual, estimated, corporate, and business taxes securely online using myVTax (myvtax.vermont.gov). A login account for myVTax is not required to make payments. However, businesses and individuals who regularly make estimated personal income tax payments may find a myVTax account a real-time-saver.
Check out our myVTax how-to video playlist to learn how to make payments (youtube.com) and complete other important tasks using myVTax.
Filing Extensions
If you are granted a federal extension, it automatically applies in Vermont. However, extensions do not apply to Vermont's Homestead Declaration and Property Tax Credit Claim. An extension to file an income tax return does not extend the time to pay any tax owed. Pay income tax for Tax Year 2023 by April 15, 2024. Income Tax returns filed on extension are due October 15, 2024.
For more information about filing a request for a Vermont extension if you are not filing a federal extension, please see:
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The Vermont Child Care Contribution
Begins July 1, 2024
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Register for the Child Care Contribution Webinar Series | |
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To help you understand your responsibilities and answer your questions regarding the new tax and its purpose, the Vermont Department of Taxes is inviting you to join our webinar series.
Tax professionals are especially encouraged to participate in both webinars, as your expertise will enrich our discussions and provide valuable insights for all attendees.
Please join us on the following dates and times:
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The Child Care Contribution for Self-Employed Individuals
Tuesday, May 14, 2024 – 11:00 AM EST
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The Child Care Contribution for Employers
Tuesday, May 21, 2024 – 1:00 PM EST
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Claiming Tax Credit without SSN or ITIN | |
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The Vermont Child Tax Credit and Vermont Earned Income Tax Credit are now available to all qualifying Vermont residents regardless of whether they, their spouse, or their qualified dependents have a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
Visit Claiming Credits with No SSN or ITIN | Department of Taxes (tax,vermont.gov) for more information about filing for the Vermont Child Tax Credit and the Vermont Earned Income Tax Credit.
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2024 Fall Tax Symposium - Save the Date!
Save the date for this year's Fall Tax Symposium, Hosted by the Vermont Department of Taxes. This event is designed to help Tax Professionals learn about important changes and prepare for the upcoming tax season.
The 2024 Fall Tax Symposium will occur on Tuesday, October 22, 2024. More details, including registration information, will be available this summer.
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Common Refund Delays
We are constantly improving our processing workflow to issue refunds quickly. Unfortunately, delays happen. Here are a few things you can do to ensure you get your refund as soon as possible.
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Do you have all of your income statements? This is the most common reason for delays. Our system matches up what the taxpayer and employer each report. If the employer reports wages that do not match the taxpayer's return, the return is held for review. We then mail an information request letter to the taxpayer. It is essential to wait until you have all W2s and 1099s before filing.
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Did your employer send you your W2s or 1099s in time? Federal and State laws require that employers reconcile annual withholding information and send W2s to employees and 1099s to contractors by January 31.
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Is your Social Security Number correct? Another common issue is that the Social Security Number (SSN) on the income tax form does not match the SSN reported by the employer. Employers should make sure their employees' SSNs are correct. One way to check is by having employees complete a new W4 and W-4VT each year. A person's withholding needs may change from year to year, and these forms help to ensure that the right amount of tax is withheld.
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Did you file your Schedule C without documentation? If you file a Schedule C with your individual income tax form, be prepared to show all income and loss. Professional preparers should ensure that they have verifiable documentation from their clients before submitting Schedule C.
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Employers, did you file your Annual Withholding Reconciliation electronically? Did you know that paper-filed W2s require additional verification, which slows down processing? You can submit employer withholding reconciliation electronically and generate W2s from your accounting software to reduce errors and save time.
Important Reminder
If you receive a letter from us asking for more information about your return, please respond as soon as possible. The letter is sent by U.S. Mail from the Vermont Department of Taxes and is addressed to you by name with a return verification number. Visit our website or watch the video below to learn how to respond to correspondence through myVTax (myvtax.vermont.gov).
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It's essential to keep your Social Security Number (SSN) safe because it is valuable information that criminals can use to commit many types of fraud. Criminals often try to trick you by calling, texting, or emailing you and pretending to be from the IRS, Social Security Administration, a bank, a utility company, or another type of business. They will falsely claim there has been some fraudulent activity related to your SSN or account and often threaten immediate arrest or account shutdown. By creating a sense of panic, they hope to lower your defenses. They may ask you to call a special number or press “1” to speak to someone who can “help” you. Do not fall for these tricks. Protect your personal information and be aware of these scams.
- If you get a call of this nature, don't say anything. Just hang up. Do not respond to text messages or emails or click on any links. Delete them.
- Keep in mind that the Vermont Department of Taxes, IRS, and other government agencies never call you unless you request it first. They always initiate communications by mail.
To learn how to recognize scam calls, visit the Consumer Assistance Program of the Vermont Attorney General (ago.vermont.gov). This website offers resources for individuals and businesses and Vermont's Top Ten Scams of 2023 (ago.vermont.gov). You can also read this article about bank impersonation from the AARP (aarp.org).
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Free File and Free Tax Preparation Help
If your Adjusted Gross Income (AGI) was $79,000 or less in 2023, you may qualify for free filing. The Tax Department website lists five different free file vendor options: the Free File page (tax.vermont.gov/free-file). Folks who usually do not file taxes should consider filing to receive Federal and State tax credits.
The Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs offer free tax filing help to those with incomes below $64,000, those with disabilities, older adults, and people with limited English. Learn about these services at our Free Tax Preparation Assistance page (tax.vermont.gov).
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If you need to amend your Vermont tax return, use form IN-111, Vermont Income Tax Return (tax.vermont.gov), to file. Most filing software does not support filing amended taxes, so you’ll likely have to file those by paper. Be sure to check the “Amended” check box. Note that if you filed an amended Federal Tax return, you need to submit an amended Vermont Tax Return within 180 days of filing the Federal return. If you received a “Notice of Change” from the IRS, you’re required to also file an amended Federal and Vermont return.
When filing the IN-111, you’ll need to include all schedules submitted with your original return, W-2s, and 1099s, even if the information has not changed. If you need to amend a Homestead Declaration or Property Tax Credit Claim (tax.vermont.gov), you may amend the household income on Schedule HI-144 and the value for house site value, education tax, municipal tax, and ownership percentage on the HS-122 within three years of the April filing deadline.
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Trainings for Municipal Officials | |
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The Division of Property Valuation and Review (PVR) offers free certification and general education opportunities for listers, assessors, and other municipal employees throughout the year. Subjects include working with myVTax municipal accounts, VTPIE, and good practices. Trainings are recorded. Register for training sessions and view previously recorded training videos on our Municipal Officials page (tax.vermont.gov/municipal-officials/education).
Upcoming Courses
Deed Reading, Exemptions, and Legal Chats (webinar)
Tuesday, April 23, 9:30 a.m. to 12:30 p.m.
New and Seasoned Lister Training (two days - in person)
Tuesday, April 24, 8:30 a.m. to 4:30 p.m
Wednesday, April 25, 8:30 a.m. to 4:30 p.m.
IAAO - 100 Workshop: Understanding Real Property Appraisal (two days, webinar)
Thursday, May 16, 8:00 a.m. to 4:00 p.m.
Friday, May 17, 8:00 a.m. to 4:00 p.m.
Check out the latest training video: Processing Homestead Declarations in VTPIE - Recorded on February 20, 2024
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Join Our Dynamic Tax Team | |
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The Vermont Department of Taxes seeks talented individuals to join our team. Go to tax.vermont.gov/careers to view our current openings!
Current Openings:
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We're Here to Help
If you have questions about your return, myVTax account, or other tax-related matters, you can schedule a call with a tax examiner, a virtual appointment, or an in-person meeting at the Vermont Department of Taxes building.
To reach us by telephone, 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.
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