Louisiana Department of Revenue, Louisiana Tax

Louisiana Business Corporate Tax, Louisiana Personal Income Tax, Louisiana Sales Tax Rates

What is the Louisiana Corporate net income tax rate(s)?

Louisiana also has a franchise tax of $1.50 for each $1000 of assets in the State of Louisiana. It goes to $3 per $1000 after $300,000 of equipment.

What is the Louisiana personal net income tax rate(s)?

What is the average Louisiana sales tax rate(s)?

8.43% The state has a 4% tax, but the average local tax is 4.43% making a total of 8.43%.

Are there standard deductions?

Single:  none
Joint:  none

Are there personal exemptions?

Single:  $4,500
Dependants:  $1,000

What forms do you file for your Louisiana taxes?

C corporations:   Form CIFT - 620
Partnerships:  Form 65, Schedule K1
Individual:  Form IT-540

Estimated tax payments?

Form CIFT 620EXT for corporations with more than $500 in tax liability. Louisiana follows the IRS standards for estimated payments. If you will owe $500 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won't make as much in the current year. Individual estimated tax payments are done with form IT-540ES

Louisiana Department of Revenue:

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