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Vermont Department of Taxes2023 Schedule IN117*231  Form

Vermont Department of Taxes2023 Schedule IN117*231 Form

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Starts Now new taxes begin today in Vermont thanks for joining us at 5 I'm CAD villian zon and I'm Darren perin a new fiscal year means a new payroll tax and some fees are higher too more money could be coming out of your paycheck two new taxes will help pay for $120 million in child care subsidies the first of 44% payroll tax employers could pick up the entire tab or take some out of your pay employers can withhold up to a quarter of that or up to 0.11% uh from employees it's not a big burden on your take-home pay a business paying an employee $50,000 per year would pay $220 annually they could pass on a quarter of that to you or 55 bucks Vermont's Tax Commissioner Craig bolio talks with us about the impact on employees they may start either seeing a deduction on their paycheck for the portion that their employer may choose to withhold or if your employer uh lists out employer paid benefits uh you'll be seeing a share of that as well the other t

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