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Fiduciary Tax

A Trust is a Vermont Resident if:

  • any portion of the trust consists of property that was transferred to it by a person who was a Vermont resident when the trust became irrevocable or
  • the trust is and remains revocable, any portion of the trust consists of property that was transferred to it by a person who was a Vermont resident; or,
  • any portion of the trust consists of property transferred by the will of a Vermont-domiciled decedent.

How to File and Pay

A return must be filed for every estate and trust required to file federal Form 1041, U.S. Income Tax Return for Estates and Trusts. A return must also be filed for any Section 468B designated and qualified settlement funds are required to file a Federal Form 1120-SF, U.S. Income Tax Return for Settlement Funds, and:

  • that earned or received more than $100 of Vermont income or
  • that earned or received $1,000 or more in gross income from the sources listed under the Vermont portion on Schedule E.

A return must also be filed for an Electing Small Business Trust required to file a Federal 1041. A filer may be entitled to certain state incentives or credits.

If the above requirements apply, you must file Vermont Form FIT-161, Fiduciary Return of Income. It may be necessary to file more than one fiduciary return while the estate remains open and continues to receive income.

Estimated Payments

Estimated payments for Fiduciary Income Tax are required. For more information, see 32 V.S.A. § 5852.

Pay Online

We strongly encourage you to use myVTax to make your estimated payments. You can make an estimated payment using ACH debit without logging into your account. You may make estimated payments as a non-login payment in myVTax. Follow the link and select Make a Payment in the business menu at the bottom of the page. Please follow the instructions and choose Fiduciary Income Tax as the account type.

Paper Voucher

If you cannot pay through myVTax, you may mail your personal check, cashier’s check, or money order payable to the Vermont Department of Taxes:

Vermont Department of Taxes
P.O. Box 1779
Montpelier, VT 05601-1779

Authorization and Statement Forms and Instructions

Number Instructions Title Revised
8821-VT Included with form Authorization To Release Tax Information 2020
OIC-671 Included with form Offer in Compromise Agreement 2021
OIC-672 Included with form Collection Information Statement for Businesses 2019
OIC-673 Included with form Collection Information Statement for Wage Earners and Self-Employed Individuals 2019
PA-1 Included with form Special Power of Attorney for Use by Individuals, Businesses, Estates and Trusts 2013
TAX-692 Included with form Financial and Income Statement for Businesses 2021
TAX-693 Included with form Financial and Income Statement for Wage Earners and Self-Employed Individuals 2022

Tax Year 2023 Estate and Fiduciary Tax Forms and Instructions

Number Instructions Title
176 Included with form Statement Of Claimant to Refund Due on Behalf of Deceased Taxpayer
1310 (irs.gov) Included with form Federal Form - Statement of a Person Claiming Refund Due a Deceased Taxpayer
E-2A Instructions Vermont Estate Tax Information and Application for Tax Clearances
EST-191 Instructions Estate Tax Return - Death Occurring After December 31, 2015
EST-195 Included with form Application for Extension of Time to File Vermont Estate Tax Return
FIT-160 Included with form Fiduciary Income Tax Return Payment Voucher
FIT-161 Instructions Fiduciary Return of Income
FIT-162 Instructions VT Capital Gains Exclusions for Estates or Trusts
FIT-165 Included with form Fiduciary Estimated Tax Payment Voucher
FIT-166 Instructions VT Income Adjustments and Tax Computation for Fiduciaries
FIT-167 Instructions VT Credit for Tax Paid to Other State or Canadian Province for Fiduciaries
FIT-168 Included with form Application for Extension of Time to File Vermont Fiduciary Tax Return
FIT-K-1VT-F Instructions Beneficiary Information for Fiduciaries

Estate Tax Forms and Instructions

Number Instructions Title
EST-191 Instructions Estate Tax Return - Death Occurring After December 31, 2015
E-1 Included with form Estate Tax Return - Death Occurring Before or On December 31, 2015

Filing Due Dates

Tax Period Ending File by Submit
12/31/2024 4/15/2025 Annual Filing for Tax Year 2024
12/31/2024 9/30/2025 Annual Filing for Tax Year 2024 - Extended Due Date
12/31/2024 1/15/2025 Fourth Quarter Estimated Payment
3/31/2025 4/15/2025 First Quarter Estimated Payment
6/30/2025 6/15/2025 Second Quarter Estimated Payment
9/30/2025 9/15/2025 Third Quarter Estimated Payment
12/31/2025 1/15/2026 Fourth Quarter Estimated Payment

myVTax Instructions

Title Number Revised
myVTax Guide: How to Make a Payment GB-1135 2024
myVTax Guide: How to Make an Estimated Income Tax Payment Without a myVTax Account GB-1304 2024
myVTax Guide: How to Grant a Tax Professional Access to a myVTax Account GB-1090 2023

Statute

Title Section
Payment of Estimated Income Tax 32 V.S.A. § 5852