Vermont Crypto Tax Calculator

We built this free crypto tax calculator for residents of Vermont who want to check calculations quickly. Our calculator is for informational purposes only. Please consult a CPA or tax professional. Use cryptocurrency tax accounting software if you have lots of trades.

Vermont taxes capital gains at rates from 3.35% to 8.75%, with a special deduction of the greater of $5,000 or 40% of gains. To calculate Federal taxes, please use our USA tax calculator.

Enter your total income (without capital gains): Total Cost of First Purchase: Amount of Sale: Filing Status:

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Vermont Tax Brackets (2024)

Single Filers	Married Filing Jointly	Tax Rate
$0 to $51,600	$0 to $91,088	3.35%
$51,600 to $102,200	$91,088 to $204,488	6.60%
$102,200 to $245,700	$204,488 to $305,788	7.60%
Over $245,700	Over $305,788	8.75%

Capital Gains Deduction

Vermont offers a special deduction for capital gains. You can deduct the greater of:

$5,000, or
40% of your capital gains

Cryptocurrency Taxation in Vermont

Key Points

Progressive Taxation: Vermont taxes crypto gains at rates from 3.35% to 8.75%.
Special Deduction: Significant deduction available for capital gains.
Different Brackets: Tax brackets vary by filing status.
Mining Income: Crypto mining is treated as self-employment income and taxed at regular income rates.

Common Tax Situations

Trading & Investment

All crypto trades are taxable events, but the capital gains deduction can significantly reduce your tax liability.

Tax Planning Tips

Consider the impact of the capital gains deduction when planning trades. For larger gains, the 40% deduction can provide substantial tax savings.