Income Tax By State Map 2020

While most states use a marginal bracketed income tax system similar to the federal income tax every state has a completely unique income tax code.

Income tax by state map 2020. Forty three states levy individual income taxes. State individual income tax rates and brackets for 2020 key findings individual income taxes are a major source of state government revenue accounting for 37 percent of state tax collections in fiscal year fy 2017. Since 1937 our principled research insightful analysis and engaged experts have informed smarter tax policy at the federal state and global levels. The tax foundation is the nation s leading independent tax policy nonprofit.

State income taxes 2020. State by state guide to taxes on middle class families click on any state in the map below for a detailed summary of state taxes on income property and items you buy on a daily basis. Choose any state from the list above for detailed state income tax information including 2020 income tax tables state tax deductions and state specific income tax calculators. However other state taxes can have a severe impact on retirement living.

Many state pages. Higher sales and property taxes can be tough on your tax bill after you retire regardless of state income tax. The map below lists the top tax rate in every state for the 2020 tax year. Local taxes can be a burden as well.

Ranking individual income taxes on the 2021 state business tax climate index november 11 2020 ranking corporate income taxes on the 2021 state business tax climate index. For a visual comparison of state income taxes across the united states see our state. State by state guide to taxes on retirees click on any state in the map below for a detailed summary of taxes on retirement income property and purchases as well as special tax breaks for seniors. Forty one tax wage and.

This data can be downloaded as an excel file courtesy of the tax foundation.