Vermont Publishes Interest Rate Memo for 2019

December 10, 2018 Tom Hospod

The Vermont Department of Taxes has published a memo regarding the interest rates for overpayments and underpayments of taxes for calendar year 2019. This past year, the overpayment annual interest rate was 4%, and will increase to 4.75% for 2019. This past year, the underpayment annual interest rate was 6%, and will increase to 6.75% for 2019.

About the Author

Tom Hospod

Tom Hospod is a member of the Tax Research Team for the Direct Tax division at Sovos Compliance, where his main areas of focus are Tax Withholding and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. He also has experience in securities law—focusing on broker-dealer disputes and representing clients in FINRA arbitration. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.

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