Wisconsin individual income tax
Wisconsin's individual income tax is a tax on the income earned by residents and nonresidents of the state. The tax is based on the individual's federal-adjusted gross income, with rates ranging from 3.54% to 7.65%.
April 18
Return due in 2023
7.65%
Top marginal tax rate
Page sponsor
Why we like StartGlobal?
My genuine thoughts
Willy Justin
Founder, Statepedia
StartGlobal: Legal + Taxes + Bookkeeping for solopreneurs
Product
For small businesses, managing taxes, accounting and everything legal is just a pain. Nobody wants to do it, but they have to. Instead of working with CPAs, attorneys and others separately, Start brings all of them under a single subscription. It’s just smooth.
Team
I know the team behind StartGlobal very well. It’s a very hardworking group of individuals who are genuinely passionate about small businesses. They are backed by successful founders like Balaji Srinivasan, Biz Stone(Twitter) and others.
Price
Getting a CPA or attorney is a matter of thousands of dollars. It’s just unfair to pay so much when you’re a small business. Start has a single subscription that covers it all. It is a definite money saver.
$599 one-time
Pay income tax online
Visit the official state government’s website to pay individual income tax online.
Visit MyTaxAccount
What is Wisconsin income tax?
Individual income tax
Individual income tax is a type of direct tax levied by Wisconsin on individuals that meet the taxable criteria.
Taxable incomes
Wisconsin taxes incomes from wages, dividends, interests and capital gains.
Tax brackets
Wisconsin has 3 individual income tax brackets from 3.54% to 7.65%.
Standard deduction
Deductions are based on income brackets. Single filers and head of households are eligible for up to 12%, while married individuals filing jointly or separately can receive up to 19.778% deductions.
Personal exemption
There is no personal exemption in Wisconsin.
2022 tax rates
The following is the list of income tax rates for the tax year of 2022
| Wisconsin taxable income | Tax rate |
|---|---|
| $0 - $12,760 | 3.54% |
| $12,760 - $25,520 | 4.65% |
| $25,520 - $280,950 | 5.3% |
| $280,950+ | 7.65% |
Individual income tax
The State of Wisconsin requires you to pay taxes if you are a resident (regardless of the whether they were earned within the state or not) or a non-resident that earns income from Wisconsin
Types of taxable incomes
The income types on which tax is levied are:
In Wisconsin, all types of income are generally subject to personal income tax unless they are specifically exempt by state law. This includes, but is not limited to, wages and salary, dividends, capital gains, royalties, and other types of income.
File return
To file a tax return in Wisconsin, taxpayers must complete and submit a tax return form. The tax return form requires taxpayers to report their taxable income and any credits or deductions they are eligible to claim. Taxpayers must also calculate their tax liability and pay any taxes owed by the due date.
If you have filed a federal extension, you can automatically get a 6-months extension in Wisconsin, if you attach the same with the returns.
If you want to file an extension only for Wisconsin return, you must file Form 4868.
File Extension
Due
quarterly or annually
Pay taxes
Taxes in Wisconsin are due by 18 April, 2023. Go to the official Wisconsin Department of Revenue website.
In Wisconsin, you are required to pay estimated taxes quarterly, if your tax liability is more than $500.
Estimated taxes are to be made quarterly in instalments by the 15th of April, June, September, and January.
Type of tax
graduated tax
Due
quarterly or annually
Deductions
Tax deductions are a reduction in the amount of income that is subject to taxation. It allows taxpayers to lower the amount of taxable income they have, which in turn reduces the amount of tax they owe. Tax deductions are available for a wide range of expenses, such as charitable donations, mortgage interest, medical expenses, and business expenses.
Wisconsin has standard deductions based on your income.
Single filers & head of households can get upto 12%, and married filing jointly or separately upto 19.778%.
Credits
A tax credit allows taxpayers to reduce the amount of taxes they are required to pay. This is different from a tax deduction, which reduces the amount of income that is subject to taxation. Tax credits are applied directly to the tax liability, while deductions are applied to the taxable income.
Exclusions
Tax exclusions are an amount of money or income that is not subject to taxation. This means that taxpayers do not have to pay taxes on this income.
Residency
Residency in Wisconsin refers to an individual's permanent home or place of residence in the state.
Wisconsin resident
A Wisconsin resident is someone who is domiciled in Wisconsin, or who maintains a permanent place of residence in the state for the entire year.
Wisconsin part-year resident
A Wisconsin Part-Year Resident is someone who moved into or out of the state during the tax year.
Income earned while the individual was a resident of Wisconsin is subject to state taxes.
Wisconsin non-resident
A Wisconsin Nonresident is someone who does not have a permanent residence in the state.
Nonresidents who receive income from Wisconsin sources are required to pay Wisconsin taxes. This includes income from Wisconsin properties and personal services performed in the state.
Frequently asked questions
Business entities in Wisconsin
There are several business entities in Wisconsin
Wisconsin LLC
Page sponsorWhy we like StartGlobal?
My genuine thoughts
Willy Justin
Founder, Statepedia
StartGlobal: Legal + Taxes + Bookkeeping for solopreneurs
Product
For small businesses, managing taxes, accounting and everything legal is just a pain. Nobody wants to do it, but they have to. Instead of working with CPAs, attorneys and others separately, Start brings all of them under a single subscription. It’s just smooth.
Team
I know the team behind StartGlobal very well. It’s a very hardworking group of individuals who are genuinely passionate about small businesses. They are backed by successful founders like Balaji Srinivasan, Biz Stone(Twitter) and others.
Price
Getting a CPA or attorney is a matter of thousands of dollars. It’s just unfair to pay so much when you’re a small business. Start has a single subscription that covers it all. It is a definite money saver.
$599 one-time