In March 2014, Wisconsin Governor Scott Walker signed into law a $500+ million tax cut package. In addition to property tax cuts, effective on April 1st, the plan reduces both the state’s tax rates and the number of income tax brackets. A typical Wisconsin family will get more than $500 more in their paycheck throughout the year because of the withholding changes.
Changes to state income tax include the following:
- Withholding Rates
- Withholding Tables
- Deduction Amounts
- Supplemental/Bonus Withholding Rates
For more information visit: http://www.revenue.wi.gov/pubs/pb166.pdf..