Vermont (VT) – 2020


Minimum WageVermontFederal
Minimum Wage$10.96$7.25
Minimum Cash Wage (Tipped Employee)$5.48$2.13
Maximum Tip Credit$5.48$5.12
State Income TaxVermontFederal
Wage WithholdingTables
Supplemental Wage / Bonus Rate30% of Federal Tax
Unemployment InsuranceVermontFederal
Maximum 2020 Taxable Earnings (Decreased from $15,600 in 2019)$16,100
Employee 2020 DeductionNone
Employer FY2020 Tax Rates0.8 – 6.5%
Standard FY2020 New Employer Rate1.00%
Voluntary Contribution PermittedNo

Federal (FED) – 2020

Minimum WageFederal
Maximum Tip Credit$5.12
Youth Minimum Wage$4.25
Minimum Wage$7.25
Minimum Cash Wage (Tipped Employee)$2.13
Medicare Rate1.45%
Additional Medicare Tax Withholding on Wages > $200,000 (No Employer Match)0.90%
Maximum Taxable EarningsNo Limit
Employee / Employer Tax Rate (Unchanged from 2019)6.20%
Maximum Taxable Earnings (Increased from $132,900 in 2019)$137,700
Normal Net Tax0.60%
Maximum Credit5.40%
Percent of Taxable Wages6.00%
Maximum Taxable Earnings$7,000
Health Savings AccountsFederal
Catch-up Contribution Limit (Employee / Employer) (Unchanged from 2019)$1,000
Family Contribution Limit (Employee / Employer) (Increased from $7,000 in 2019)$7,100
Self-Only Contribution Limit (Employee / Employer) (Increased from $3,500 in 2019)$3,550
Supplemental Wage / Bonus RatesFederal
Pay over $1 Million (Unchanged from 2019)37%
Flat Rate Withholding Method (Unchanged from 2019)22%

Vermont State Resources

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