Wisconsin Tax Calculator: Estimate Your Taxes

Disclaimer: Calculations are estimates based on tax rates as of Dec. 2021 and data from the Tax Foundation. These rates are subject to change. Check the IRS website for the latest information about income taxes and your state tax website for state-specific information. Our calculator doesn’t consider both 401k and IRA deductions due to the tax law limitations. Please note, the amount of your IRA deductions may vary. You should speak with a tax professional to determine your tax situation.

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What You Need To Know About Wisconsin State Taxes

The state of Wisconsin requires you to pay taxes if you are a resident or nonresident that receives income from a Wisconsin source. The state income tax rates range from 0% to 7.65%, and the sales tax rate is 5%.

Wisconsin offers tax deductions and credits to reduce your tax liability, including a standard deduction, a deduction for qualified adoption expenses, and a tax credit for college tuition expenses.

Wisconsin Income Tax Brackets and Rates: Single or Head of a Household

Wisconsin Income Tax Brackets and Rates: Married/Registered Domestic Filing Jointly

Wisconsin Income Tax Brackets and Rates: Married/Registered Domestic Filing Separately

Income Tax Deductions for Wisconsin

Standard Deduction

Wisconsin offers taxpayers the opportunity to take a standard deduction. Standard deduction amounts are based on your taxable income and filing status. In general, the lower your taxable income is, the higher your standard deduction will be.

For the 2021 tax year, your allowable standard deduction will fall within one of the following ranges:

  • Single fillers: $0 – $11,200
  • Married filing jointly: $0 – $20,730
  • Married filing separately: $0 – $9,850
  • Head of a Household: $0 – $14,470

Itemized Deductions

Rather than have taxpayers itemize deductions on their returns, Wisconsin offers a tax credit for certain federally-itemized deductions. Notably, this credit can be taken in addition to your Wisconsin standard deduction, and you may be eligible even if you choose not to itemize deductions on your federal return.

To be considered eligible, the total of your allowable federal deductions must exceed the amount of your allowable Wisconsin standard deduction.

That said, not all federally-itemized deductions are eligible to be used toward this credit. For example, there are limits on the types of medical expenses and interest charges that can be applied to the credit.

Other Deductions

In addition, Wisconsin allows for a few other subtractions from your income, including a deduction for private school tuition worth $4,000 for elementary school students and up to $10,000 for secondary school students, adoption expenses worth up to $5,000 per child adopted during the tax year, and contributions to Achieving a Better Life Experience (ABLE) accounts up to $15,000 to pay qualified disability expenses of a disabled person.

Wisconsin State Income Tax Credits

Wisconsin also offers several tax credits, including:

College Tuition Tax Credit

Those who pay tuition for a qualifying Wisconsin student may be eligible for a tax credit worth up to $6,973 for the 2021 tax year. The credit only applies to expenses for tuition and mandatory fees. Separate expenses, such as room and board or athletic tickets, may not be included.

In 2021, the credit phases down for those with incomes between the following ranges:

  • Single or Head of Household: $57,371 – $68,839
  • Married Filing Jointly: $91,791 – $114,729
  • Married filing separately: $45.901 – $57,369

If your income is above that range, you will not be eligible for this credit. This credit is non-refundable; However, unused credits from previous years may be carried forward.

Earned Income Tax Credit

Working families, with at least one qualifying child, who can take the earned income credit on their federal income tax return may be eligible for a similar credit on their Wisconsin income tax return.

For 2021, the credit amounts are as follows:

  • One child: 4% of the federal credit
  • Two children: 11% of the federal credit
  • 3+ children: 34% of the federal credit

This credit is refundable, but it doesn’t carry forward.

Homestead Tax Credit

If you or your spouse are disable or over the age of 62, you may be eligible for a homestead credit, which can help to lessen the burden of property tax or rent payments. The maximum credit allowed for 2021 is $1,168, and the allowable credit amount is based on household income.

If your total household income is over $24,680, you will not qualify for this credit.

Do I Have to Pay Income Tax in Wisconsin?

Whether or not you must file a tax return in Wisconsin depends on your gross income. Part-year residents and non-residents must file if their total gross income is over $2,000. Full-year residents will be subject to different limits, depending on their filing status and age.

In 2021, you must file a return if your total gross income was over the following amounts:

Under 65

  • Single: $11,900
  • Married filing jointly: $22,130
  • Married filing separately: $10,550
  • Head of household: $15,170

Over 65

  • Single: $12,150
  • Married filing jointly: $22,380 if one spouse is over 65 or $22,630 if both spouses are over 65
  • Married filing separately: $10,800
  • Head of household: $15,420

Sales Tax and Sales Tax Rates

The Wisconsin sales tax rate is 5%.

Property Taxes and Property Tax Rates

Property Tax Rates

Property tax rates are determined at a local level.

Capital Gains Taxes

In Wisconsin, capital gains are taxed as ordinary income, but the state allows a 30% deduction on net gains for assets held for more than one year. The reduction increases to 60% for farm assets.

Inheritance and Estate Taxes

There is no inheritance tax for deaths that occurred after January 1, 1992 and no estate tax for deaths that occurred after December 31, 2007.

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