Calculation of Wisconsin Income Tax
Tables For Tax Year 2014
- 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 | $ 10,910 | 4.00% of excess over $0 |
$ 10,910 | $ 21,820 | $436.40 plus 5.84% of excess over $10,910 |
$ 21,820 | $ 100,000 | $1,073.544 plus 6.27% of excess over $21,820 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At Least |
But Less Than |
Tax Computation |
---|---|---|
$ 100,000 | $ 240,190 | $5,975.43 plus 6.27% of excess over $100,000 |
$ 240,190 or over | $14,765.343 plus 7.65% of excess over $240,190 |
- 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 | $ 14,540 | 4.00% of excess over $0 |
$ 14,540 | $ 29,090 | $581.60 plus 5.84% of excess over $14,540 |
$ 29,090 | $ 100,000 | $1,431.32 plus 6.27% of excess over $29,090 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At Least |
But Less Than |
Tax Computation |
---|---|---|
$ 100,000 | $ 320,250 | $5,877.377 plus 6.27% of excess over $100,000 |
$ 320,250 or over | $19,687.052 plus 7.65% of excess over $320,250 |
- 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 | $ 7,270 | 4.00% of excess over $0 |
$ 7,270 | $ 14,540 | $290.80 plus 5.84% of excess over $7,270 |
$ 14,540 | $ 100,000 | $715.368 plus 6.27% of excess over $14,540 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At Least |
But Less Than |
Tax Computation |
---|---|---|
$ 100,000 | $ 160,130 | $6,073.71 plus 6.27% of excess over $100,000 |
$ 160,130 or over | $9,843.861 plus 7.65% of excess over $160,130 |
Calculation of Wisconsin Standard Deduction Tables
For Tax Year 2014
- Single
- Wisconsin income under $112,159:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $9,690 of Wisconsin income in first bracket has a standard deduction of $10,080.
- $9,690 - $10,000 of Wisconsin income in second bracket has a standard deduction of $10,080.
- $112,000- $112,159 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 | $ 14,530 | $10,080 |
$ 14,530 | $ 98,530 | $10,080 less 12% of excess over $14,530 |
$ 98,530 or over | $0 |
- For Wisconsin income of $112,159 or over, the standard deduction is $0. (Note: The standard deduction table continues to $112,159 even though the standard deduction is $0 for single persons beginning with the $98,500 - $99,000 bracket.)
- Married Filing Jointly
- Wisconsin income under $112,159:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $9,690 of Wisconsin income in first bracket has a standard deduction of $18,150.
- $9,690 - $10,000 of Wisconsin income in second bracket has a standard deduction of $18,150.
- $112,000 - $112,159 in last bracket has a standard deduction of $16.
- Determine the standard deduction for that midpoint as follows:
Wisconsin Income
At Least |
But Less Than |
Standard Deduction |
---|---|---|
$ 0 | $ 20,390 | $18,150 |
$ 20,390 | $ 112,159 | $18,150 less 19.778% of excess over $20,390 |
$ 112,159 or over | $0 |
- For Wisconsin income of $112,159 or over, the standard deduction is $0.
- Married Filing Separately
- Wisconsin income under $112,159:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $9,690 of Wisconsin income in first bracket has a standard deduction of $8,620
- $9,690 - $10,000 of Wisconsin income in second bracket has a standard deduction of $8,589.
- $112,000 - $112,159 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 | $ 9,690 | $8,620 |
$ 9,690 | $ 53,274 | $8,620 less 19.778% of excess over $9,690 |
$ 53,274 or over | $0 |
- For Wisconsin income of $112,159 or over, the standard deduction is $0. (Note: The standard deduction table continues to $112,159 even though the standard deduction is $0 for married persons filing separately beginning with the $53,500 - $54,000 bracket.)
- Head of Household
- Wisconsin income under $112,159:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $9,690 of Wisconsin income in first bracket has a standard deduction of $13,020.
- $9,690 - $10,000 of Wisconsin income in second bracket has a standard deduction of $13,020.
- $112,000 - $112,159 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 | $ 14,530 | $13,020 |
$ 14,530 | $ 42,491 | $13,020 less 22.515% of excess over $14,530 |
$ 42,491 | $ 98,530 | $10,080 less 12% of excess over $14,530 |
$ 98,530 or over | $0 |
- For Wisconsin income of $112,159 or over, the standard deduction is $0. (Note: The standard deduction table continues to $112,159 even though the standard deduction is $0 for head of household beginning with the $98,500 - $99,000 bracket.)
Calculation of Wisconsin School Property Tax Credit Tables
For Tax Year 2014
Note: These tables have not changed from the 2013 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 2014
Note: These tables have not changed from the 2013 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).
May 12, 2014
Updates were made to the code or formatting on this page as of May 20, 2015. This date does not reflect the effective date or any other date relating to the content of this page.