Income Tax Rates Washington Dc

The tax rates for corporations are.
Income tax rates washington dc. 250 minimum tax if dc gross receipts are 1 million or less 1000 minimum tax if dc gross receipts are more than 1 million tax rates. Individual income taxes and. Click the tabs below to explore. Office of tax and revenue po box 7182 washington dc 20044 7182.
Corporations must pay a minimum tax as follows. Below we have highlighted a number of tax rates ranks and measures detailing washington dc s income tax business tax sales tax and property tax systems. Pages describe and present analysis of the tax rates for the district of columbia and the revenues generated by these rates. Individual and fiduciary income taxes the taxable income of an individual who is domiciled in the district at any time during the tax year or who maintains an abode in the district for 183 or more days during the year or of a dc estate or trust is subject to tax at the following rates.
Read the washington dc income tax tables for married filing jointly filers published inside the form 40 instructions booklet for more information. The first step towards understanding washington dc s tax code is knowing the basics. Net income of corporations in the district on a combined reporting basis. Washington dc with income tax season in full swing it might just be salt on the wound to know that virginia has one of the higher tax rates in the country according to a recent study.
In addition to federal income taxes taxpayers in the nation s capital pay local taxes to the district of columbia. Income tax tables and other tax information is sourced from the district of columbia office of taxpayer revenue. Corporate franchise tax corporations must report income as follows. The following pages describe and present analysis of the tax rates for the district of columbia and the.
District of columbia state income tax rate table for the 2019 2020 filing season has six income tax brackets with dc tax rates of 4 6 6 5 8 5 8 75 and 8 95. This page has the latest district of columbia brackets and tax rates plus a district of columbia income tax calculator. How does washington dc rank. Nw suite 203 washington dc 20004 phone.
Detailed district of columbia state income tax rates and brackets are available on this page. 2019 district of columbia tax brackets and rates for all four dc filing statuses are shown in the table below. The tax rates for tax years beginning after 12 31 2015 are. District of columbia s 2020 income tax ranges from 4 to 8 95.
The district has an average effective property tax rate of 0 55. Rates for tax years 2016 2019.