iCalculator™ WI (US)"Informing, Educating, Saving Money and Time in Wisconsin"
US Tax 2024

iCalculator™ US: Wisconsin Tax Calculators

Welcome to iCalculator™ US, your comprehensive suite of free tax calculators for Wisconsin. iCalculator™ has provided free tax calculators for Wisconsin since 2014. Since those early days we have extended our resources for Wisconsin to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. View all tax calculators and tools in the Wisconsin Tax Hub or use the Wisconsin Tax Calculator for 2024 (2025 Tax Return).

Wisconsin Tax Calculator 2024
*** Please enter your income ***
Advanced Wisconsin Salary Calculator 2024
FICA (Federal Insurance Contributions Act):
Itemized Deductions:
Retirement Plan Contributions:
About you:
About your spouse (complete if Married filing Jointly:
Local Taxes and Additional Taxes:
Additional Wisconsin State Tax Deductions and Credits:
Additional Federal Tax Deductions and Credits:
Work Time Settings [for fine tune computation of hourly rates etc.]:
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Wisconsin Tax Calculator 2024/25

The Wisconsin Tax Calculator is for the 2024 tax year which means you can use it for estimating your 2025 tax return in Wisconsin, the calculator allows you to calculate income tax and payroll taxes and deductions in Wisconsin. This includes calculations for

  1. Employees in Wisconsin to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Wisconsin.

The Wisconsin Tax Calculator for 2024 encompasses a comprehensive suite of features to cater to your tax calculation needs. Key features include detailed calculations for Federal Income Tax based on the latest tax tables and allowances, FICA contributions covering both Social Security and Medicare, and automatic calculations for the Earned Income Tax Credit (EITC). Additionally, it allows for the consideration of retirement plan contributions, including 401(k), 403(b), SARSEP, and 457 plans, as well as SIMPLE plans, with specific limits for 2024. The calculator also supports Schedule A (Form 1040) for Federal Itemized Deductions, local tax calculations, and the inclusion of additional taxes or deductions.

For those seeking a deeper understanding and more detailed information on these features, including how they apply to your individual tax situation, it's recommended to view the comprehensive instructional overview here. This additional resource provides extensive insights into each feature, ensuring you can maximize your tax deductions and credits effectively for the 2024 tax year.

Discover Wisconsin, United States

Wisconsin, located in the north-central United States, is part of the Great Lakes region. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. Wisconsin's varied landscape includes forests, farms, and lakes, making it a state with a rich natural heritage. Learn more about Wisconsin's neighbors: Minnesota, Iowa, Illinois, Michigan.

Wisconsin is known for its diverse cultural heritage, with influences from German, Scandinavian, Polish, and other immigrant groups. This diversity is reflected in its festivals, food, and traditions. The state is famous for its cheese and dairy products, earning it the nickname "America's Dairyland." Wisconsin is also known for its love of sports, particularly football, with the Green Bay Packers having a passionate fan base.

The economy of Wisconsin is multifaceted, with key sectors including manufacturing, agriculture, healthcare, and tourism. Manufacturing is a major part of the state's economy, with a focus on machinery, food processing, and transportation equipment. Wisconsin is also a leading producer of dairy products in the United States, and its agricultural sector is diverse, including dairy farming, corn, and cranberries.

In addition to these traditional industries, Wisconsin has a growing technology sector, particularly in the areas of biotechnology and medical research. The state's natural beauty, including its lakes and forests, makes tourism a significant economic contributor, with outdoor activities like fishing, hunting, and skiing being popular. Wisconsin's diverse economy is a blend of traditional industries and modern innovation, making it a unique and dynamic state.

Overview of Taxation in Wisconsin, United States

The United States tax system includes both federal and state-level taxes. This overview focuses on the state taxation system in Wisconsin, providing insights into different types of state taxes and their compliance requirements, without detailing specific tax rates.

State Taxes in Wisconsin

Wisconsin's tax system comprises various types of taxes affecting individuals and businesses. An understanding of these taxes is essential for compliance and effective financial planning within the state.

1. Income Tax

Wisconsin imposes a state income tax on its residents. The state employs a progressive tax structure, where tax rates increase with higher income levels. It is important for residents to understand their tax bracket for accurate tax filing and planning.

2. Sales Tax

The state levies a sales tax on the purchase of most goods and certain services. Wisconsin's sales tax includes a state portion and may also include additional local taxes depending on the area. Certain items may be exempt from sales tax or taxed at a different rate.

3. Property Tax

Property tax in Wisconsin is administered at the local level. These taxes, based on the assessed value of property, fund local services such as education, public safety, and infrastructure.

4. Corporate Income Tax

Businesses in Wisconsin are subject to corporate income tax. This tax is based on the income earned by corporations operating within the state. Compliance with corporate tax regulations is crucial for business operations.

Compliance and Reporting

Compliance with Wisconsin's tax laws involves understanding the filing requirements and deadlines for each type of tax. Accurate reporting and timely payment are essential to avoid penalties and interest charges. The state offers various resources to assist individuals and businesses in understanding their tax obligations and navigating the filing process.