Wisconsin State Tax Law - 3 Things You Must Know

Here is some basic information about the state tax6.5 percent for an income of $24,431-183,210
laws of Wisconsin, which you will need regardless of6.75 percent for an income exceeding $183,211
whether you reside in Wisconsin or have just visistedTaxpayers are required to file income tax returns by
the state.April 15. However, the federal lead may adjust or
1. Sales Taxextend this due date. Residents are provided earned
Visitors to Wisconsin are most interested in its salesincome tax credits as per the state laws of Wisconsin.
tax laws. Wisconsin levies sales tax at the rate of fiveThese credits are of great help to working families
percent. Fifty-nine of its counties levy an extra 5.9who have qualified kids. The amount depends on the
percent.total income of the members of the family and the
Simultaneously, the tax laws have a clause accordingnumber of kids in that house.
to which boats, mobile homes, trailers, aircraft, motor3. Other Taxes
vehicles, snow mobiles, all-terrain vehicles, and so onAs per the state tax laws of Wisconsin, you don't
have a county use tax, not the sales tax.have to pay inheritance tax on any piece of property
2. Income Taxthat you might have inherited. However, the state
While visitors are most interested in sales tax,levies estate tax.
residents are most interested in income tax. WisconsinAs per the state laws of Wisconsin, you are
income tax is classified into four groups according toexempted on paying taxes for items such as money,
income, as follows:stocks, and bonds. While you are exempted from
Married or single taxpayers who are filing tax returnspaying property taxes on vehicles, you are required to
separately have the following income tax rates:pay an annual registration fee.
4.6 percent on an income of $9,160Visit the official website of the state for laws and tax
6.15 percent on an income of $9,161-18,320rates and also for information on calculating estate
6.5 percent on an income of $18,321-$137,410taxes accurately. It is the best place to find detailed
6.75 percent on an income that exceeds $137,411tax-related information or the latest modification made
Married couples or those who file income tax returnsto the laws. You can view the status of tax refund on
jointly have to pay taxes as per the following rates:the website. The website also comprises information
4.6 percent for an income of $12,210related to delinquent taxpayers.
6.15 percent for an income of $12,211-24,430