Vermont

General Instructions

The Vermont Department of Taxes requires that you file for an extension whether or not you owe additional taxes at this time.

With the filing of Form IN-151, Vermont automatically grants a six month extension of time to file until October 15, 2008. However, to avoid interest and penalties, Vermont requires that your total tax liability be paid by April 18, 2008.

Penalty and Interest Charges on Tax Owed:

In all cases, interest will be charged from the date the tax should have been paid (April 18, 2008) until the date of payment. In addition, the state may assess the following penalties:

• Late Payment Interest: Vermont will assess interest on late payment of taxes of 0.7% per month.
• Late Payment Penalty: Vermont will also assess a late payment penalty of 1% per month to a maximum of 25% of the outstanding balance if you do not pay total tax due by April 18, 2008.
• Failure to File Penalty: If you do not file your return by October 15, 2008, you may be assessed an additional penalty of $50.00.
• Underpayment penalty: Interest of 0.7% per month and a penalty of 1% per month is charged for underpayment of taxes owed.

If You Owe...

If you owe additional Vermont Income Taxes you may pay your estimated balance due in the following ways:

1. Prepare a Vermont Extension Form IN-151 (click here to download PDF)
2. Enclose a check or money order along with the completed form.
3. Mail to:
   Vermont Department of Taxes
   PO Box 1779
   Montpelier, VT 05601-1779

Go to www.state.vt.us/tax to use VTPay. A convenience fee applies to payments over $200.

If You Do Not Owe...

Vermont requires that you file for an extension even if you do not owe or are expecting a tax refund.

1. Prepare a Vermont Extension Form IN-151 (click here to download PDF)
2. Mail to:
   Vermont Department of Taxes
   PO Box 1779
   Montpelier, VT 05601-1779

Download Extension Form(s)

Vermont

Extension for tax year 2007