Tag Archives: Wisconsin
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreAt tax time, those who work in the state of Wisconsin but don’t actually live there may worry that filing their tax return may be more difficult than usual. However, across the United States, working in a border state near your resident state is actually quite common. There are agreements in place between certain states […]
— Read moreTax time doesn’t have to be stressful for low income working families thanks to the Earned Income Tax Credit (EITC). Seeking to keep families out of poverty and help them keep working regardless of wages, the tax credit is available on both a federal and state level for residents of Wisconsin. Wisconsin’s EITC is modeled […]
— Read moreMany major cities, or even those close to the border of a neighboring state, have a significant portion of taxpayers who travel from another state to work there. For example, many New Jersey residents work in New York City, or Marylanders may drive to Virginia. It may not seem like a hassle to cross the […]
— Read moreWisconsin has a state income tax that ranges from 4.4% to 7.65%, this range is broken up into 4 tax brackets. Single Tax Payers; Up to $10,910 at 4.4% $10,901 to $21,820 at 5.84% $21,821 to $240,190 at 6.27% $240,191 and above at 7.65% Married Filing Jointly Payers; Up to $14,540 at 4.4% $14,541 to […]
— Read more
