LAST UPDATED ON MARCH 1, 2024 AT 5:04 PM
This page has been developed to help Vermonters and others understand how the severe July flooding may impact taxes. It will be updated as new information becomes available. For up-to-date information on how the State of Vermont is responding to the July 2023 flood, and links to relevant resources, please visit the State of Vermont’s Flood Resources webpage.
Vermont taxpayers making donations to charitable organizations, including organizations working on flood relief, may be eligible for the Vermont Charitable Tax Credit. Vermont has a five percent (5%) personal income tax credit for eligible charitable contributions up to $20,000 available to all Vermont income tax filers, regardless of whether you itemize deductions. You can claim this credit on your 2023 Vermont personal income taxes when you file next year. When donating to a charitable organization, remember to ask the organization if your donation is tax deductible and keep a receipt.
State of Vermont Resources
ACCD Storm Recovery Resource Center - As a result of floods in December and July in Vermont, the Agency of Commerce and Community Development has established this page to serve as a resource center for the recovery process
Flood Resources - For up-to-date information on how the State of Vermont is responding to the July 2023 flood, and links to resources, please visit the State of Vermont’s website.
Individual and Business Income Taxes After a Disaster - For information regarding deducting disaster and casualty losses and other related topics for businesses and employees, visit the Department of Taxes’ After a Disaster and Your Individual and Business Income Taxes webpage.