Income Tax North Carolina

The federal income tax in contrast to the north carolina income tax has multiple tax brackets with varied bracket width for single or joint filers.
Income tax north carolina. North carolina s income tax rates were last changed two years ago for tax year 2018 and the tax brackets were previously changed in 2012. North carolina moved to a flat income tax beginning with tax year 2014. North carolina s maximum marginal income tax rate is the 1st highest in the united states ranking directly below north carolina s. Your average tax rate is 21 74 and your marginal tax rate is 35 15 this marginal tax rate means that your immediate additional income will be taxed at this rate.
If you make 55 000 a year living in the region of north carolina usa you will be taxed 11 957 that means that your net pay will be 43 043 per year or 3 587 per month. North carolina collects a state income tax at a maximum marginal tax rate of spread across tax brackets. For tax year 2019 all taxpayers pay a flat rate of 5 25. North carolina income taxes.
North carolina has a flat income tax rate which applies to both single and joint filers. Department of revenue offers relief in response to covid 19 outbreak important notice. Information about the extra credit grant program. North carolina makes it easier to qualify for the medical and dental expense deduction impact on 2019 north carolina individual income tax returns.
But north carolina s standard deduction is 8 750 for individuals and 17 500 for married couples filing. Unlike the federal income tax north carolina s state income tax does not provide couples filing jointly with expanded income tax brackets.