The Vermont Child Care Contribution
This video is about the Vermont Child Care Contribution, enacted by the Vermont legislature in 2023. More information: https://tax.vermont.gov/business/chil...
Transcript:
The Vermont Child Care Contribution
was created by Act 76 of 2023 to fund
investments in Vermont’s child care system.
To learn more about these investments, please visit the
Department for Children and Families website at dcf.vermont.gov.
Beginning July 1, 2024, all employers will pay a 0.44%
payroll tax on employee wages subject to Vermont income tax
withholding.
Employers may opt to withhold up to one-quarter
of the tax, or up to 0.11% of wages,
from their employees’ paychecks or the employer
may choose not to withhold any portion from their
employees.
Individuals with self-employment income will pay 0.11%
of their self-employment income when they file their Vermont personal
income taxes.
Learn more about the Vermont Child Care Contribution at tax.vermont.gov.