Get WI DoR Schedule WD 2013

In Tax Year 2018, single filers with Wisconsin Adjusted Gross Income below $15,500 can claim a $10,580 standard deduction, and married couples filing jointly with income below $22,000 can claim a standard deduction of $19,580.

For a married individual filing separately who has a Wisconsin adjusted gross income of less than $12,880, the standard deduction is $11,750.

You can claim the renter's credit if you paid rent during 2017 for living quarters that you used as your primary residence. The Renter's Credit is a maximum of $300, and it's based on the amount of rent paid.

WISCONSIN -- The property tax rate in Wisconsin is high compared to the rest of the country. ... Here are the numbers for Wisconsin: Effective property tax rate: 1.77 percent.

A. Federal treatment: Capital gains are generally fully taxable for federal purposes. Wisconsin treatment: Wisconsin law generally allows a deduction for 30% of the net capital gain from assets held more than one year.

The current capital gains tax rates under the new 2018 tax law are zero, 15 percent and 20 percent, depending on your income. The 2018 capital gains tax rate is holding steady through 2019, but the income required for each rate has changed.

The current capital gains tax rates under the new 2018 tax law are zero, 15 percent and 20 percent, depending on your income. The 2018 capital gains tax rate is holding steady through 2019, but the income required for each rate has changed.

If you sell investments at a profit and you've held them for over a year, here's what you need to know about taxes. ... Here's a quick guide to the 2019 long-term capital gains tax rates, so you can determine whether you'll pay 0%, 15%, or 20% on your 2019 investment profits.

Determine your realized amount. This is the sale price minus any commissions or fees paid. Subtract your basis (what you paid) from the realized amount (how much you sold it for) to determine the difference. If you sold your assets for more than you paid, you have a capital gain.

Use a Retirement Account. You can use retirement savings vehicles, such as 401ks, traditional IRAs, and Roth IRAs, to avoid capital gains and defer income tax. ... Gift Assets to a Family Member. ... Exchange Rather Than Sell. ... Donate to Charity.

While top individual income tax rate is 39.6%, maximum rate on long-term capital gains is 20% (10% for those in the 15% bracket).

While top individual income tax rate is 39.6%, maximum rate on long-term capital gains is 20% (10% for those in the 15% bracket).

The state general sales tax rate of Wisconsin is 5%. Wisconsin cities and/or municipalities don't have a city sales tax. Every 2019 combined rates mentioned above are the results of Wisconsin state rate (5%), the county rate (0% to 0.5%), and in some case, special rate (0% to 0.1%).

Some States Have Tax Preferences for Capital Gains While most states tax income from investments and income from work at the same rate, nine states Arizona, Arkansas, Hawaii, Montana, New Mexico, North Dakota, South Carolina, Vermont, and Wisconsin tax all long-term capital gains less than ordinary income.

Seven states Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming levy no personal income tax. Two (New Hampshire and Tennessee) don't tax wages, but do currently tax investment income and interest.