What states does Wisconsin have reciprocity with?

Wisconsin currently has reciprocity agreements with four states: Illinois, Indiana, Kentucky, and Michigan. These agreements provide that residents of these states working in Wisconsin will be taxed on income earned as an employee by their home state and not by Wisconsin.

Does Wisconsin have a credit for taxes paid to other states?

(a) Except as provided in subs. (2m) and (3), an income tax credit may be claimed by a Wisconsin resident individual, estate, or trust for any net minimum tax or income tax paid to another state by the resident upon income of the individual, estate or trust taxable by that state.

Is Wisconsin a stand your ground law?

Wisconsin does not have a stand your ground law. Stand your ground laws in other states generally allow for a person to claim self-defense without first needing to retreat when outside their home or business. Wisconsin also does not have an affirmative duty to retreat.

What is the 2021 Wisconsin standard deduction?

For the 2021 tax year, your allowable standard deduction will fall within one of the following ranges: Single fillers: $0 – $11,200. Married filing jointly: $0 – $20,730. Married filing separately: $0 – $9,850.

What can you deduct from Wisconsin taxes?

Taxpayers may be able to take deductions for student-loan interest, out-of-pocket charitable contributions, health savings account, home mortgage interest, contributions to a traditional IRA, and deductions for self-employed taxpayers (SE tax, SE health insurance, SE qualified retirement plan contributions).

Who has to file a Wisconsin tax return?

You are required to file a Wisconsin income tax return if your Wisconsin gross income is $2,000 or more. Gross income means income before deducting expenses. While net income reported to you may be less than $2,000, gross income may be over that amount, requiring that a Wisconsin income tax return be filed.