Vermont state tax basis is the Federal Adjusted Gross Income (AGI).

Interest/Divident Income: Interest and Divident income from U.S. government bonds are exempt from State Taxes.

Rent Income: Same as federal.

Capital Gain: 40% exclusion for net capital gains and 60% deferral for gains invested in eligible angel ventures.

Unemployment Income: Same as federal

Social Security Benefits: Same as federal

State Bond Interest: Taxable except Vermont obligations

Health Savings Accounts: Same as federal.

Disability: Same as federal.

Lottery: Same as federal.

Federal Income Tax: Not deductible

Other Taxes: Deductions for targeted job program, income to support persons with developmental disabilities, and expenses incurred to comply with Americans with Disabilities Act.

Check other state tax links below.