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4% to 10.75%
- Like the federal income tax, the D.C. state income tax is progressive, meaning the rate of taxation increases as taxable income increases. Unlike the federal government, D.C. does not distinguish between ordinary income and capital gains, so all D.C. income is taxed the same. In 2024, the D.C. state income tax rates range from 4% to 10.75%.
learn.valur.io/dc-income-tax-explained/District of Columbia Income Tax Explained 2024 - Learn with Valur
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The District of Columbia (DC) has a graduated individual income tax, with rates ranging from 4.00 percent to 10.75 percent. DC has an 8.25 percent corporate income tax rate. DC has a 6.00 percent sales tax rate. DC also has a 0.57 percent effective property tax rate on owner-occupied housing value. DC has an estate tax.
Tax rates: The tax rates for tax years beginning after 12/31/2015 and before 1/1/2022 are: 4% of the taxable income. $400, plus 6% of the excess over $10,000. $2,200, plus 6.5% of the excess over $40,000. $3,500, plus 8.5% of the excess over $60,000. $28,150, plus 8.75% of the excess above $350,000.
- District of Columbia Income Tax Table
- District of Columbia Tax Deductions
- District of Columbia Income Tax Forms
- E-Filing: Submit Your District of Columbia Tax Return Online
- Getting Your District of Columbia Tax Refund
Note: We don't currently have District of Columbia's income tax brackets for tax year 2024. Until updated 2024 tax rates become available for District of Columbia, the tax brackets shown above and used in the income tax calculatorwill be from tax year 2023. Learn how marginal tax brackets work
Income tax deductions are expenses that can be deducted from your gross pre-tax income. Using deductions is an excellent way to reduce your District of Columbia income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and District of Columbia tax returns. For details on specific deductions...
Tax-Rates.org provides easy access to four of the most commonly used District of Columbia income tax forms, in downloadable PDF format. For all of the tax forms we provide, visit our District of Columbia tax forms libraryor the 's tax forms page.
You can save time and money by electronically filing your District of Columbia income tax directly with the . Benefits of e-Filing your District of Columbia tax return include instant submission, error checking, and faster refund response times. Most tax preparers can electronically file your return for you, or you can do it yourself using free or ...
If your state tax witholdings are greater then the amount of income tax you owe the state of District of Columbia, you will receive an income tax refund checkfrom the government to make up the difference. It should take one to three weeks for your refund check to be processed after your income tax return is recieved. E-filing your return and filing...
local rates, flat state and local rates (or fees), graduated state tax rates, and flat state rates with exemptions. Income tax burdens in jurisdictions levying an income tax ranged from a low of
flat local rates, flat state and local rates (or fees), graduated state tax rates, and flat state rates with exemptions. Income tax burdens in jurisdictions levying an income tax ranged from a low of negative $1,290 in Burlington, Vermont, for a family earning $25,000 (this negative amount
Your average tax rate is 10.94% and your marginal tax rate is 22%. This marginal tax rate means that your immediate additional income will be taxed at this rate. Use our income tax calculator...
Given that the state adheres strictly to the Federal Income Tax system and does not levy its own income tax, these tables are the primary, and indeed only, guide to your income tax calculations for District of Columbia in 2024. They provide the necessary brackets and rates that will define your tax obligations.
