- Single, Head of Household, or Fiduciaries
- Wisconsin taxable income under $100,000:
- Determine midpoint of $100 brackets with the following exceptions:
- $0 - $20 of taxable income in first bracket has a tax of –0–.
- $20 - $40 of taxable income in second bracket has a tax of $1.
- $40 - $100 of taxable income in third bracket has a tax of $3.
- Apply the following rates to that midpoint: (Note: Only the final amount should be rounded to the nearest dollar. Round .500 or more up and less than .500 down.)
Taxable Income
At Least | But Less Than | Tax Computation |
---|
$ 0 | $ 11,230 | 4.00% of excess over $0 |
$ 11,230 | $ 22,470 | $449.20 plus 5.84% of excess over $11,230 |
$ 22,470 | $ 100,000 | $1,105.616 plus 6.27% of excess over $22,470 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At Least | But Less Than | Tax Computation |
---|
$ 100,000 | $ 247,350 | $5,966.747 plus 6.27% of excess over $100,000 |
$ 247,350 or over | $15,205.592 plus 7.65% of excess over $247,350 |
- Married Filing Jointly
- Wisconsin taxable income under $100,000:
- Determine midpoint of $100 brackets with the following exceptions:
- $0 - $20 of taxable income in first bracket has a tax of –0–.
- $20 - $40 of taxable income in second bracket has a tax of $1.
- $40 - $100 of taxable income in third bracket has a tax of $3.
- Apply the following rates to that midpoint: (Note: Only the final amount should be rounded to the nearest dollar. Round .500 or more up and less than .500 down.)
Taxable Income
At Least | But Less Than | Tax Computation |
---|
$ 0 | $ 14,980 | 4.00% of excess over $0 |
$ 14,980 | $ 29,960 | $599.20 plus 5.84% of excess over $14,980 |
$ 29,960 | $ 100,000 | $1,474.032 plus 6.27% of excess over $29,960 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At Least | But Less Than | Tax Computation |
---|
$ 100,000 | $ 329,810 | $5,865.54 plus 6.27% of excess over $100,000 |
$ 329,810 or over | $20,274.627 plus 7.65% of excess over $329,810 |
- Married Filing Separately
- Wisconsin taxable income under $100,000:
- Determine midpoint of $100 brackets with the following exceptions:
- $0 - $20 of taxable income in first bracket has a tax of –0–.
- $20 - $40 of taxable income in second bracket has a tax of $1.
- $40 - $100 of taxable income in third bracket has a tax of $3.
- Apply the following rates to that midpoint: (Note: Only the final amount should be rounded to the nearest dollar. Round .500 or more up and less than .500 down.)
Taxable Income
At Least | But Less Than | Tax Computation |
---|
$ 0 | $ 7,490 | 4.00% of excess over $0 |
$ 7,490 | $ 14,980 | $299.60 plus 5.84% of excess over $7,490 |
$ 14,980 | $ 100,000 | $737.016 plus 6.27% of excess over $14,980 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At Least | But Less Than | Tax Computation |
---|
$ 100,000 | $ 164,900 | $6,067.77 plus 6.27% of excess over $100,000 |
$ 164,900 or over | $10,137.00 plus 7.65% of excess over $164,900 |
Calculation of Wisconsin Standard Deduction Tables
For Tax Year 2017
- Single
- Wisconsin income under $118,718:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $10,250 of Wisconsin income in first bracket has a standard deduction of $10,380.
- $10,250 - $10,500 of Wisconsin income in second bracket has a standard deduction of $10,380.
- $118,500 - $118,718 in last bracket has a standard deduction of $0.
- Determine the standard deduction for that midpoint as follows:
Wisconsin Income
At Least | But Less Than | Standard Deduction |
---|
$ 0 | $ 14,960 | $10,380 |
$ 14,960 | $101,460 | $10,380 less 12% of excess over $14,960 |
$101,460 or over | $0 |
- For Wisconsin income of $118,718 or over, the standard deduction is $0. (Note: The standard deduction table continues to $118,718 even though the standard deduction is $0 for single persons beginning with the $101,500 - $102,000 bracket.)
- Married Filing Jointly
- Wisconsin income under $118,718:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $10,250 of Wisconsin income in first bracket has a standard deduction of $19,210.
- $10,250 - $10,500 of Wisconsin income in second bracket has a standard deduction of $19,210.
- $118,500 - $118,718 in last bracket has a standard deduction of $22.
- Determine the standard deduction for that midpoint as follows:
Wisconsin Income
At Least | But Less Than | Standard Deduction |
---|
$ 0 | $ 21,590 | $19,210 |
$ 21,590 | $ 118,718 | $19,210 less 19.778% of excess over $21,590 |
$ 118,718 or over | $0 |
- For Wisconsin income of $118,718 or over, the standard deduction is $0.
- Married Filing Separately
- Wisconsin income under $118,718:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $10,250 of Wisconsin income in first bracket has a standard deduction of $9,130
- $10,250 - $10,500 of Wisconsin income in second bracket has a standard deduction of $9,105.
- $118,500 - $118,718 in last bracket has a standard deduction of $0.
- Determine the standard deduction for that midpoint as follows:
Wisconsin Income
At Least | But Less Than | Standard Deduction |
---|
$ 0 | $ 10,250 | $9,130 |
$ 10,250 | $ 56,412 | $9,130 less 19.778% of excess over $10,250 |
$ 56,412 or over | $0 |
- For Wisconsin income of $118,718 or over, the standard deduction is $0. (Note: The standard deduction table continues to $118,718 even though the standard deduction is $0 for married persons filing separately beginning with the $56,500 - $57,000 bracket.)
- Head of Household
- Wisconsin income under $118,718:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $10,250 of Wisconsin income in first bracket has a standard deduction of $13,400.
- $10,250 - $10,500 of Wisconsin income in second bracket has a standard deduction of $13,400.
- $118,500 - $118,718 in last bracket has a standard deduction of $0.
- Determine the standard deduction for that midpoint as follows:
Wisconsin Income
At Least | But Less Than | Standard Deduction |
---|
$ 0 | $ 14,960 | $13,400 |
$ 14,960 | $ 43,682 | $13,400 less 22.515% of excess over $14,960 |
$ 43,682 | $101,460 | $10,380 less 12% of excess over $14,960 |
$101,460 or over | $0 |
- For Wisconsin income of $118,718 or over, the standard deduction is $0. (Note: The standard deduction table continues to $118,718 even though the standard deduction is $0 for head of household beginning with the $101,500 - $102,000 bracket.)
Calculation of Wisconsin School Property Tax Credit Tables
For Tax Year 2017
Note: These tables have not changed from the 2016 version.
- Homeowner's School Property Tax Credit Table
- Property tax paid of less than $2,500:
- Determine midpoint of $25 brackets ($1 - $25 of property tax paid in first bracket has a credit of $2).
- Multiply the midpoint by 0.12.
- For property tax paid of $2,500 or more, the credit is $300.
- Renter's School Property Tax Credit Table
- If heat included in rent:
- Determine midpoint of $100 brackets ($1 - $100 of rent paid in first bracket has a credit of $1).
- Multiply the midpoint by 0.024.
- For rent paid of $12,500 or more, the credit is $300.
- If heat not included in rent:
- Determine midpoint of $100 brackets ($1 - $100 of rent paid in first bracket has a credit of $2).
- Multiply the midpoint by 0.03.
- For rent paid of $10,000 or more, the credit is $300.
Calculation of Wisconsin Homestead Credit Tables A and B
For Tax Year 2017
Note: These tables have not changed from the 2016 version.
- Table A
- Determine midpoint of $115 brackets with the following exceptions:
- $0 - $8,060 of household income in first bracket has a Table A amount of $0.
- $24,620 - $24,680 of household income in second-to-last bracket has a Table A amount of $1,457.
- $24,680 or more of household income in last bracket has a Table A amount of $1,460.
- Determine the Table A amount for that midpoint as follows:
[Midpoint - $8,060] X .0878459
- Table B
- Determine the midpoint of $10 brackets with the following exceptions:
- $0 - $.01 in first bracket has a Table B amount of $0.
- $.01 - $10 in second bracket has a Table B amount of $10.
- $1,460 or more in last bracket has a Table B amount of $1,168.
- Determine the Table B amount for that midpoint by multiplying the midpoint by 80% (.80).
October 31, 2017