Vermont Form IN-111 (2025)

Your 2025 federal return, carried into Vermont as a full-year resident. Every figure is computed in your browser from the return you have already entered, and anything this engine cannot yet figure says so at the line rather than printing a number that would be wrong.

This is a hypothetical Vermont return, so the official layout is not offered for it. A page that looked exactly like the printed form would be mistaken for one.

Federal — Form 1040

Total income0

Adjusted gross income0

Taxable income—

Total tax—

Vermont — Form IN-111

State income—

Taxable income—

Total tax—

Refund or amount owednot computed — not your resident state

Federal starting figure

Additions

Subtractions

State income

Deduction

Exemptions

Taxable income

Tax before credits

Nonrefundable credits

Total tax

Payments, refund and amount owed

not figured

This engine does not yet figure Vermont’s withholding, estimated payments or settlement. Form IN-111 has those lines; they are missing from this page, not from the form.

Worksheets and schedules behind these figures

Minimum tax

Muni interest addition

Retirement exemption

Schedule tax

Vermont Department of Taxes · Form IN-111 (2025)NOT AN OFFICIAL VERMONT FORM IN-111HYPOTHETICAL RETURN — FILER DOES NOT LIVE IN VERMONT

What this Vermont return is missing

The government-pension branch of the retirement exemptiontoo high
32 V.S.A. §5811(21)(B)(ii) · up to $10,000 of non-covered government pension where that beats the benefit
The military retirement income exemption (Act 71 of 2025)too high
32 V.S.A. §5811(21)(B)(v) · a new exemption phasing out to nothing at $175,000 of adjusted gross income
Interest from United States obligationstoo high
32 V.S.A. §5811(21)(A)(i) · the Treasury share of taxable interest, both in the base and in the 3% minimum
Vermont-source municipal interest excluded from the addbacktoo high
32 V.S.A. §5811(21)(A)(ii) · the Vermont-issuer share of tax-exempt interest, at up to 8.75%
The capital gains exclusion (Schedule IN-153)too high
32 V.S.A. §5811(21)(B)(ii)(I) · up to $5,000 of flat exclusion, or 40% of gain on qualifying assets
The child tax credit, earned income credit and renter credittoo high
32 V.S.A. §5828b, §5828c, §6066 · $1,000 per child under five, 38% of the federal EITC, and the renter credit
Income adjustment for a part-year or nonresident share (Schedule IN-113)too high
32 V.S.A. §5823 · out of scope by NG7 — this engine computes no multi-state allocation
Use tax reported on the returntoo low
32 V.S.A. §9773 · use tax on untaxed out-of-state purchases; nil for a filer with none
Credit for income tax paid to another state (Schedule IN-117)too high
32 V.S.A. §5825 · out of scope by NG7

What this Vermont return is not telling you

blankvtin111.base_start could not be figured.
blankvtin111.muni_interest_addition could not be figured.
blankvtin111.additions could not be figured.
blankvtin111.retirement_exemption could not be figured.
blankvtin111.subtractions could not be figured.
blankvtin111.state_agi could not be figured.
blankvtin111.deduction could not be figured.
blankvtin111.exemptions could not be figured.
blankvtin111.taxable_income could not be figured.
blankvtin111.schedule_tax could not be figured.
blankvtin111.minimum_tax could not be figured.
blankvtin111.tax_before_credits could not be figured.
blankvtin111.nonrefundable_credits could not be figured.
blankvtin111.total_tax could not be figured.