Get WI I-010i 2017

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.

Municipal bonds pay interest that is free from federal income tax (in Wisconsin municipal bonds may be free from state taxes as well) and are issued by local and state municipalities.

Municipal bonds pay interest that is free from federal income tax (in Wisconsin municipal bonds may be free from state taxes as well) and are issued by local and state municipalities. ... For example; if your income puts you in the 35% tax bracket then a 4% municipal bond has a tax equivalent yield of 6.15%.

Municipal bonds pay interest that is free from federal income tax (in Wisconsin municipal bonds may be free from state taxes as well) and are issued by local and state municipalities.

The interest income paid on municipal bonds is exempt from federal tax. And if you own municipal bonds issued within your state, the interest income can also be free of state (and often local) tax. ... The taxable equivalent yield is even higher if the income is also exempt from a state tax.

In the case of Arizona, the state taxes the interest income from municipal bonds of cities and municipalities outside the State. If you don't own any municipal bonds, just enter zero and continue.

Income from state and local obligations (municipal interest), which is tax-exempt for federal purposes, is not exempt from Illinois Income Tax except where legislation has been specifically adopted to provide for an exemption.

Tax-exempt interest is interest income that is not subject to federal income tax. In some cases, the amount of tax-exempt interest a taxpayer earns can limit the taxpayer's qualification for certain other tax breaks.

Tax-exempt organizations exist for the greater good. They do not operate to make a profit. ... Many types of organizations can qualify for tax exemption. Some common examples of organizations that may qualify for tax-exempt status include child care, churches and religious, and social welfare organizations.

Common sources of taxable interest income are checking and savings accounts, certificates of deposit (CDs), savings certificates, U.S. government bonds, interest on insurance proceeds, and loans that the taxpayer makes to others.

Indiana and Florida are examples of states that exempt interest on all muni bonds regardless of the issuing state and origin. Treasury securities issued by the U.S. government pay interest that is tax exempt at the state and local levels, but not the federal level.

Taxpayers are required to report the amount of tax-exempt interest they receive on Form 1040 or Form 1040A. Borrowers that pay more than $10 of tax-exempt interest must report those payments to the IRS and the lenders via Form 1099-INT.