![]() minimum tax is calculated as a percentage of your federal minimum tax and is currently 33.7%. Tax rates for previous years are as follows: For Tax Years 2019, 2020, and 2021 the North Carolina individual income tax rate is 5.25 (0.0525). If you're subject to minimum tax under the federal Income Tax Act, you're also subject to B.C. Find archived personal income tax rates in Personal Income Tax Rates: 2013 – 2021 (PDF, 71KB) Pennsylvania personal income tax is levied at the rate of 3.07 percent against taxable income of resident and nonresident individuals, estates, trusts.Personal income tax brackets and rates - 2022 tax year Taxable Income - 2022 Brackets For example, if your taxable income is more than $45,654, the first $45,654 of taxable income is taxed at 5.06%, the next $45,656 of taxable income is taxed at 7.70%, the next $13,525 of taxable income is taxed at 10.50%, the next $22,464 of taxable income is taxed at 12.29%, the next $45,303 of taxable income is taxed at 14.70%, the next $68,114 is taxed at 16.80%, and any income above $240,716 is taxed at 20.50%. If you qualify to itemize your deductions on Form 1040, Schedule A. ![]() Tax rates are applied on a cumulative basis. You may continue to itemize and deduct sales tax on your 2018 federal income tax returns. Personal income tax brackets and rates - 2023 tax year Taxable Income - 2023 Brackets 2021-2022 Tax Brackets Married Filing Jointly (& Surviving Spouse) Not over 20,550 Not over 19,900 20,551 - 83,550 19,901 - 81,050 Married Filing. For the 2023 tax year, the tax brackets were increased from the previous year by a BC CPI rate of 6.0%.
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