-
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 | $ 11,120 | 4.00% of excess over $0 |
$ 11,120 | $ 22,230 | $444.80 plus 5.84% of excess over $11,120 |
$ 22,230 | $ 100,000 | $1,093.624 plus 6.27% of excess over $22,230 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At Least | But Less Than | Tax Computation |
---|
$ 100,000 | $ 244,750 | $5,969.803 plus 6.27% of excess over $100,000 |
$ 244,750 or over | $15,045.628 plus 7.65% of excess over $244,750 |
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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 | $ 14,820 | 4.00% of excess over $0 |
$ 14,820 | $ 29,640 | $592.80 plus 5.84% of excess over $14,820 |
$ 29,640 | $ 100,000 | $1,458.288 plus 6.27% of excess over $29,640 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At
Least | But Less Than | Tax Computation |
---|
$ 100,000 | $ 326,330 | $5,869.86 plus 6.27% of excess over $100,000 |
$ 326,330 or over | $20,060.751 plus 7.65% of excess over $326,330 |
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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 | $ 7,410 | 4.00% of excess over $0 |
$ 7,410 | $ 14,820 | $296.40 plus 5.84% of excess over $7,410 |
$ 14,820 | $ 100,000 | $729.144 plus 6.27% of excess over $14,820 |
- Wisconsin taxable income of $100,000 or over, apply the following rates:
Taxable Income
At
Least | But Less Than | Tax Computation |
---|
$ 100,000 | $ 163,170 | $6,069.93 plus 6.27% of excess over $100,000 |
$ 163,170 or over | $10,030.689 plus 7.65% of excess over $163,170 |
Calculation of Wisconsin Standard Deduction Tables
For Tax Year 2016
-
Single
- Wisconsin income under $117,477:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $10,140 of Wisconsin income in first bracket has a standard deduction of $10,270.
- $10,140 - $10,500 of Wisconsin income in second bracket has a standard deduction of $10,270.
- $117,000- $117,477 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 | $ 14,800 | $10,270 |
$ 14,800 | $100,383 | $10,270 less 12% of excess over $14,800 |
$100,383 or over | $0 |
- For Wisconsin income of $117,477 or over, the standard deduction is $0. (Note: The standard deduction table continues to $117,477 even though the standard deduction is $0 for single persons beginning with the $100,500 - $101,000 bracket.)
-
Married Filing Jointly
- Wisconsin income under $117,477:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $10,140 of Wisconsin income in first bracket has a standard deduction of $19,010.
- $10,140 - $10,500 of Wisconsin income in second bracket has a standard deduction of $19,010.
- $117,000 - $117,477 in last bracket has a standard deduction of $47.
- Determine the standard deduction for that midpoint as follows:
Wisconsin Income
At
Least | But Less Than | Standard Deduction |
---|
$ 0 | $ 21,360 | $19,010 |
$ 21,360 | $ 117,477 | $19,010 less 19.778% of excess over $21,360 |
$ 117,477 or over | $0 |
- For Wisconsin income of $117,477 or over, the standard deduction is $0.
-
Married Filing Separately
- Wisconsin income under $117,477:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $10,140 of Wisconsin income in first bracket has a standard deduction of $9,030
- $10,140 - $10,500 of Wisconsin income in second bracket has a standard deduction of $8,994.
- $117,000 - $117,477 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 | $ 10,140 | $9,030 |
$ 10,140 | $ 55,797 | $9,030 less 19.778% of excess over $10,140 |
$ 55,797 or over | $0 |
- For Wisconsin income of $117,477 or over, the standard deduction is $0. (Note: The standard deduction table continues to $117,477 even though the standard deduction is $0 for married persons filing separately beginning with the $56,000 - $56,500 bracket.)
-
Head of Household
- Wisconsin income under $117,477:
- Determine midpoint of $500 brackets with the following exceptions:
- $0 - $10,140 of Wisconsin income in first bracket has a standard deduction of $13,260.
- $10,140 - $10,500 of Wisconsin income in second bracket has a standard deduction of $13,260.
- $117,000 - $117,477 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 | $ 14,800 | $13,260 |
$ 14,800 | $ 43,237 | $13,260 less 22.515% of excess over $14,800 |
$ 43,237 | $100,383 | $10,270 less 12% of excess over $14,800 |
$100,383 or over | $0 |
- For Wisconsin income of $117,477 or over, the standard deduction is $0. (Note: The standard deduction table continues to $117,477 even though the standard deduction is $0 for head of household beginning with the $100,500 - $101,000 bracket.)
Calculation of Wisconsin School Property Tax Credit Tables
For Tax Year 2016
Note: These tables have not changed from the 2015 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 2016
Note: These tables have not changed from the 2015 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).
June 21, 2016