Personal Income Tax

Resident and non-resident individuals, estates and trusts deriving income from within the state are subject to a tax on their net income at the following rates:

 

Personal Income Tax Rates for Tax Year Beginning January 1, 2022

Income Tax Rate for Individuals with Net Income of Less Than or Equal to $84,500
$0 - $4,999	0.0%
$5,000 - $9,999	2.0%
$10,000 - $14,299	3.0%
$14,300 - $23,599	3.4%
$23,600 - $39,699	5.0%
$39,700 - $84,500	5.5%

Income Tax Rate for Individuals with a Net Income Greater Than $84,500
$0 - $4,300	2.0%
$4,301 - $8,500	4.0%
$8,501+	5.5%

 

Personal Income Tax Rates for Tax Year Beginning January 1, 2023

Income Tax Rate for Individuals with Net Income of Less Than or Equal to $84,500
$0 - $4,999	0.0%
$5,000 - $9,999	2.0%
$10,000 - $14,299	3.0%
$14,300 - $23,599	3.4%
$23,600 - $39,699	5.0%
$39,700 - $84,500	5.3%

 

Income Tax Rate for Individuals with a Net Income Greater Than $84,500
$0 - $4,300	2.0%
$4,301 - $8,500	4.0%
$8,501+	5.3%

 

Personal Income Tax Rates for Tax Year Beginning January 1, 2024

Income Tax Rate for Individuals with Net Income of Less Than or Equal to $84,500
$0 - $4,999	0.0%
$5,000 - $9,999	2.0%
$10,000 - $14,299	3.0%
$14,300 - $23,599	3.4%
$23,600 - $39,699	5.0%
$39,700 - $84,500	5.1%

 

Income Tax Rate for Individuals with a Net Income Greater Than $84,500
$0 - $4,300	2.0%
$4,301 - $8,500	4.0%
$8,501+	5.1%

 

Personal Income Tax Rates for Tax Year Beginning January 1, 2025

Income Tax Rate for Individuals with Net Income of Less Than or Equal to $84,500
$0 - $4,999	0.0%
$5,000 - $9,999	2.0%
$10,000 - $14,299	3.0%
$14,300 - $23,599	3.4%
$23,600 - $84,500	4.9%

 

Income Tax Rate for Individuals with a Net Income Greater Than $84,500
$0 - $4,300	2.0%
$4,301 - $8,500	4.0%
$8,501+	4.9%

*Note: These changes scheduled are contingent on the state not experiencing a revenue shortfall that would require the state to use funds in the Catastrophic Reserve Fund.