IN-BOOKLET-2024: Tax Year 2024 Vermont Income Tax Return Booklet (includes IN-111, IN-112, IN-113, IN-116, HS-122, RCC-146, HI-144 and instructions) (2024)
Vermont · Vermont Department of Taxes · Used for tax years 2024
The 2024 Vermont Income Tax Return Booklet provides forms and instructions for residents, part-year residents, and nonresidents. It covers the income tax return, homestead declaration, property tax credit, renter credit claim, and extension to file.
Who files this form
You must file a 2024 Vermont Income Tax Return if you are a full-year resident, part-year resident, or nonresident who is required to file a 2024 federal income tax return, and either:
- You earned or received more than $100 in Vermont income, or
- You earned or received gross income of more than $1,000 as a nonresident.
You must also file a Vermont income tax return to claim a refund of Vermont withholding or estimated tax payments.
Homestead Declaration: Vermont residents must file annually if their property qualifies as a homestead. For the 2025 declaration, you must own and occupy the property as your domicile on April 1, 2025. If it is leased to a tenant on that date, it may still qualify if it is not leased for more than 182 days during the calendar year.
When it's due
- 2024 Vermont Income Tax Return: Due April 15, 2025. Extended returns are due October 15, 2025.
- Extension payments for the 2024 return: File the extension and payment by April 15, 2025. An extension gives more time to file, not more time to pay.
- 2024 Renter Credit Claim: Due April 15, 2025. You may file late through October 15, 2025, without a late-filing penalty.
- 2025 Homestead Declaration: Due April 15, 2025, to avoid late-filing penalties that the town may assess. The final accepted date listed is October 15, 2025.
- 2025 Property Tax Credit Claim: Due April 15, 2025. Late claims may be filed through October 15, 2025. Generally, claims cannot be accepted after that date. This credit uses 2024 household income and 2024/2025 property taxes toward 2025/2026 property tax.
There is no extension of time to file a Homestead Declaration or Property Tax Credit Claim.
Returns mailed through the U.S. Post Office are considered on time if the Department receives them within three business days after the due date. Electronic returns transmitted on the due date must reach the Department by midnight that day.
What you'll need
- Federal return: If mailing your Vermont return, include a complete copy of your federal Form 1040 as filed with the IRS, with all schedules.
- Taxpayer information: Have your mailing address, physical street address as of December 31, 2024, school district code, and filing-status information. Joint filers must enter their spouse’s or civil union partner’s name and Social Security Number or ITIN.
- Applicable Vermont schedules: Include schedules required for your adjustments and credits. For the credit for income tax paid to another state or Canadian province, submit a separate Schedule IN-117 for each state or province.
- Recomputed federal return: If you use one, provide both the original return filed with the IRS and the recomputed return.
- Charitable contributions: The Department may request statements from the qualified charitable organizations supporting your credit.
- Refund for a deceased taxpayer: An administrator or executor must attach a Probate Court Certificate of Appointment or a copy of completed federal Form 1310.
For an amended return, include federal Form 1040X, your amended federal Form 1040 with all schedules, and your amended Vermont IN-111 with all schedules, even unchanged schedules.
How to file
Electronic filing: To e-file Form IN-111 and its schedules, you must use a commercial software vendor. Check eligibility for free filing at tax.vermont.gov/free-file.
myVTax: At myVTax.vermont.gov, no login is required to file an income tax extension, Renter Credit Claim, or Homestead Declaration and Property Tax Credit Claim. You can also make personal income tax payments by ACH debit at no charge.
Paper filing: Forms and fillable PDFs are available at tax.vermont.gov. Print legibly in blue or black ink and include your complete federal Form 1040 and all schedules when mailing your return. The supplied text does not identify a mailing destination specifically for income tax returns.
Do not email or fax your return. These are listed as filings the Department cannot process.
Common mistakes
- Treating an extension as extra time to pay. Unpaid tax accrues interest and late-payment penalties after the original payment deadline.
- Leaving out credit documentation. Missing information can cause a credit to be denied, reducing your refund or creating a bill. The credit will not be processed until the Department receives the required information.
- Submitting unacceptable paper forms. Avoid draft forms, photocopies, reduced or enlarged forms, and forms not approved by the Department. Use only blue or black ink and write legibly. A resubmitted return receives a new filing date, and a $25 processing fee may apply.
- Forgetting to round. Enter amounts rounded to the nearest whole dollar.
- Using an incorrect mailing address. This can delay processing and your refund if the Department needs more information.
- Counting use-tax purchases twice. Do not include purchases on the use tax worksheet if you already reported them on Form SUT-451 or SU-452.
Questions people ask
How can I check my refund?
Check your return and refund status at myVTax.vermont.gov.
Do I need a separate Vermont extension if I filed a federal extension?
No, unless you are making an extension payment. If you are making a payment, you must file Form IN-151 with it. An extension does not extend the payment deadline.
How do I correct my Vermont return?
File an amended Vermont return within 60 days after you become aware of a change to your Vermont income, file an amended IRS return, or receive an IRS notice of change. Check the “AMENDED” box on Form IN-111. If you filed a Property Tax Credit Claim, also amend your income on Schedule HI-144.
What if I cannot pay all the tax I owe?
File on time and pay as much as you can. After the Department issues its first notice of intent to assess for underpayment, you may apply for a payment plan through myVTax or write to ATTN: Compliance, Vermont Department of Taxes, PO Box 429, Montpelier, VT 05601-0429. Do not include the written request with your return.
Does a request for more information mean I am being audited?
Not necessarily. Such requests are a routine part of processing. Respond promptly because your return cannot be processed until the Department receives the requested information. You may submit it through myVTax for faster processing.