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Wisconsin s maximum marginal income tax rate is the 1st highest in the united states ranking directly below.
Income tax rates wi. What are the individual income tax rates. The center square the top marginal income tax rate for residents of wisconsin stands at 7 65 percent according to a new study of state individual income tax rates by the tax foundation. The state levies a graduated rate tax on income earners. Wisconsin income tax rate 2019 2020.
Over but not over 2020 tax is of the amount over. Like the federal income tax wisconsin s income tax allows couples filing jointly to pay a lower overall rate on their combined income with wider tax brackets for joint filers. The bottom two wisconsin tax rates have decreased from last year. For single taxpayers and taxpayers qualified to file as head of household with taxable income.
Wisconsin collects a state income tax at a maximum marginal tax rate of spread across tax brackets. Income tax tables and other tax information is sourced from the wisconsin department of revenue. Wisconsin individual income tax rates vary from 3 54 to 7 65 depending upon marital status and income.
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