How Much Is 100K Taxed in Wisconsin?
If you earn $100,000 in Wisconsin, you must account for federal, state, and other taxes that reduce your take-home pay. Wisconsin has a progressive state income tax system, meaning higher income levels are taxed at higher rates. Additionally, federal taxes and payroll taxes further impact your final earnings.
Federal Income Tax
At the federal level, the IRS applies a progressive tax system. As of 2024, the tax brackets for a single filer are as follows:
- 10% on income up to $11,600
- 12% on income from $11,601 to $47,150
- 22% on income from $47,151 to $100,000
For a $100,000 income, the estimated federal tax liability (before deductions and credits) is:
- 10% of $11,600 = $1,160
- 12% of ($47,150 – $11,600) = $4,266
- 22% of ($100,000 – $47,150) = $11,626
Total federal income tax: $17,052 (approximate, before deductions/credits)
Wisconsin State Income Tax
Wisconsin has a four-tier income tax system. For 2024, the tax brackets for single filers are:
- 3.50% on income up to $14,320
- 4.40% on income from $14,321 to $28,640
- 5.30% on income from $28,641 to $315,210
- 7.65% on income above $315,210
For a $100,000 salary, the estimated Wisconsin state income tax is:
- 3.50% of $14,320 = $501
- 4.40% of ($28,640 – $14,320) = $631
- 5.30% of ($100,000 – $28,640) = $3,776
Total Wisconsin state income tax: $4,908 (approximate)
Payroll Taxes (Social Security and Medicare)
Payroll taxes are federal taxes that fund Social Security and Medicare:
- Social Security tax: 6.2% on income up to $168,600 → $6,200
- Medicare tax: 1.45% on all earnings → $1,450
Total payroll taxes: $7,650
Additional Considerations
Standard Deduction and Taxable Income
The federal tax calculation assumes the standard deduction of $14,600 for single filers in 2024. This reduces taxable income to $85,400, impacting the total tax owed. Additionally, Wisconsin allows certain deductions and credits, such as the standard deduction, which varies based on income level.
Other Potential Taxes
- Local Taxes: Some counties and municipalities in Wisconsin impose additional taxes, which could slightly adjust your overall tax burden.
- Retirement Contributions: If you contribute to a 401(k) or an IRA, this can reduce taxable income and lower your federal and state tax liability.
- Health Savings Accounts (HSAs): Contributions to an HSA are tax-deductible, further reducing taxable income for those eligible.
- Property and Sales Taxes: Wisconsin property tax rates vary by county, and the state sales tax rate is 5%, with additional county taxes applying in some areas.
Strategies to Reduce Tax Liability
- Maximize Retirement Contributions: Contributing to tax-advantaged accounts such as a 401(k) or an IRA can significantly lower taxable income.
- Utilize Tax Credits: Wisconsin offers various credits, including the Homestead Credit and Earned Income Credit, which can reduce state tax liability.
- Consider Itemizing Deductions: If deductible expenses such as mortgage interest, medical costs, and charitable contributions exceed the standard deduction, itemizing can provide tax savings.
- Check Employer Benefits: Contributions to Flexible Spending Accounts (FSAs) and Dependent Care Assistance Programs (DCAPs) can also lower taxable income.
Total Taxes and Take-Home Pay
| Tax Type | Amount |
| Federal Income Tax | $17,052 |
| Wisconsin State Income Tax | $4,908 |
| Social Security Tax | $6,200 |
| Medicare Tax | $1,450 |
| Total Taxes | $29,610 |
| Take-Home Pay | $70,390 |
Conclusion
If you earn $100,000 in Wisconsin, you can expect to pay approximately $29,610 in federal, state, and payroll taxes, leaving you with a take-home pay of around $70,390. However, deductions, credits, and retirement contributions can significantly alter the amount of taxes owed.
To optimize tax savings, consider retirement plan contributions, utilizing HSAs, and taking advantage of available tax credits. Consulting a tax professional or using a tax calculator can provide a more tailored tax estimate based on your financial situation.