Wisconsin Department of Revenue, Wisconsin Tax

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

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

7.9%

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

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

5.42%. The state has a 5% tax, but the average local tax is .42% making a total of 5.42%.

Are there standard deductions?

Single:   $8,960
Joint:   $16,140

Are there personal exemptions?

Single:   $700
Dependants:   $700

What forms do you file for your Wisconsin taxes?

C corporations:   Form 4
S corporations:   Form 1 CNS (5S)
Partnerships:   Form 1CNS (5S)
Individual:   Form A, 1A

Estimated tax payments?

Form 1-ES. Wisconsin follows the IRS standards for estimated payments. If you will owe $200 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.

Corporations with more than $500 in tax liability are required to file form 4-ES for estimated payments.

Wisconsin Department of Revenue:

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