Guidance on Vermont’s Child Care Contribution Payroll Tax
New guidance is now available for businesses and the self-employed in terms of reporting and remittance of the new payroll and self-employment income tax which began on July 1, 2024.
To begin, the Vermont Department of Taxes hosted webinars for employers and self-employed individuals and published the Vermont Child Care Contribution Guide. Recorded webinars, presentations, and frequently asked questions are available on their website.
- Vermont Child Care Contribution Guide (pdf)
- Employers: Recorded Webinar & Presentation
- Self-Employed: Recorded Webinar & Presentation
- Learn more about the impacts and objectives of the Child Care Contribution from the Department of Child and Family Services.
See also:
Vermont’s Childcare Contribution Payroll Tax: What it Means to Employers and Employees
As always, we are here to assist you in implementing these changes. Please contact us and any member of our Convergent Accounting team can assist with your questions.
This post is shared by Davis & Hodgdon CPAs as a service to our clients, business associates and friends. Recipients should not act on the information presented without seeking prior professional advice. Additional guidance may be obtained by contacting us at 802-878-1963 (Williston) or 802.775.7132 (Rutland).
