Skip to main content

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

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 6/16/2025 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

Authorization and Statement Forms and Instructions

Form Number Instructions Title Revised
8821-VT Included with Form 8821-VT Authorization to Release Tax Information 2020
OIC-671 Included with Form OIC-671 Offer in Compromise Agreement 2021
OIC-672 Included with Form OIC-672 Collection Information Statement for Businesses 2019
OIC-673 Included with Form OIC-673 Collection Information Statement for Wage Earners and Self-Employed Individuals 2019
PA-1 Included with Form PA-1 Special Power of Attorney for Use by Individuals, Businesses, Estates and Trusts 2025
TAX-692 Included with Form TAX-692 Financial and Income Statement for Businesses 2021
TAX-693 Included with Form TAX-693 Financial and Income Statement for Wage Earners and Self-Employed Individuals 2021