IRA limits for 2023 have been escalated to $6,500, or your taxable income, for individuals under 50. Reminders 2021: 11/1/2021: Wisconsin Farm Support Program: . Tax-Rates.org provides easy access to five of the most commonly used Wisconsin income tax forms, in downloadable PDF format. With no sales tax, low property taxes, and no death taxes, its easy to see why Delaware is a tax haven for retirees. Can you deduct mortgage interest in Wisconsin? Using deductions is an excellent way to reduce your Wisconsin income tax and maximize your refund, so be sure to research deductions that you mey be able to claim on your Federal and Wisconsin tax returns. Information on how to only file a Wisconsin State Income Return. You can also deduct unreimbursed expenses for visits to psychologists and psychiatrists. June 6, 2019 2:03 AM. FoodShare Wisconsin was previously called Food, WISCONSIN: A sausage roll or brat bun. From whom do I obtain permission to homeschool? You can quickly estimate your Wisconsin State Tax and Federal Tax by selecting the tax year, your filing status, Gross Income and Gross Expenses . IT is Income Taxes. We have a lower standard deduction than the IRS.2021 Standard deduction amounts. When you need an accountant, specifically a CPA, you want to be sure the person is trustworthy, capable, experienced, and highly educated. Each bracket has its own tax rate. If you are age 65 or older, your standard deduction increases by $1,750 if you file as Single or Head of Household. Married filing separately: $0 - $9,850. Separate expenses, such as room and board or athletic tickets, may not be included. 2021. For a single individual who has a Wisconsin adjusted gross income of more than $50,830, the standard deduction is $0. The decision to choose between both must be based on the calculation to keep your tax liability as low as possible. . The three most common deductions encountered by taxpayers are the Wisconsin Standard Deduction, the Wisconsin Personal Exemption, and the Wisconsin Dependent Deduction. For the 2021 tax year, your allowable standard deduction will fall within one of the following ranges: Rather than have taxpayers itemize deductions on their returns, Wisconsin offers a tax credit for certain federally-itemized deductions. 2021 Wisconsin State Tax Tables; 2020 Wisconsin State Tax Tables; 2019 Wisconsin State Tax Tables; 2018 Wisconsin State Tax Tables; Wisconsin. What Is the Standard Deduction? Business Development Credit (Sch BD): Based on wages paid to an eligible employee, training costs, and personal and real property investment. Benefits of e-Filing your Wisconsin tax return include instant submission, error checking, and faster refund response times. If you would like additional elements added to our tools, please contact us. Copyright State of Wisconsin All Rights Reserved. How Often Do You Get New License Plates In Wisconsin? Sales tax, or use tax, is any tax that's imposed by the government for the purchase of goods or services in the state of Wisconsin. Wisconsin While Social Security benefits arent subject to Wisconsins income taxes, income from pensions and annuities, along with distributions from IRAs and 401(k) plans, are generally taxable. The Wisconsin tax tables here contain the various elements that are used in the Wisconsin Tax Calculators, Wisconsin Salary Calculators and Wisconsin Tax Guides on iCalculator which are designed for quick comparison of salaries and the calculation of withholdings for typical employees and employers. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Single taxpayers can claim a tax write-off for cash charitable gifts up to $300 and married couples filing together may get up to $600 for 2021. What Is the Standard Deduction? E. Retirees age 62 or older or who are disabled and are full-year residents of Wisconsin may qualify for homestead credit if they meet certain conditions. If you own a home and the total of your mortgage . Residents of Wisconsin are also subject to federal income tax rates, and must generally file a federal income tax return by April 15, 2021. Please be sure to send your completed tax forms to the correct address for your filing type. The bottom two Wisconsin tax rates have decreased from last year. If your total household income is over $24,680, you will not qualify for this credit. Sconnie. The 2021 standard deduction for dependents is $1,100 or the sum of earned income plus $350 -- whichever is greater. To be considered eligible, the total of your allowable federal deductions must exceed the amount of your allowable Wisconsin standard deduction. the list below contains links to current and historical Wisconsin State Tax Tables, 2022 Wisconsin State Salary Comparison Calculator. Can I deduct mortgage interest in Wisconsin? Notably, this credit can be taken in addition to your Wisconsin standard deduction, and you may be eligible even if you choose not to itemize deductions on your federal return. The . If you are at least 65, unmarried, and receive $14,250 or more in non-exempt income in addition to your Social Security benefits, you typically must file a federal income tax return (tax year 2021). There is no inheritance tax for deaths that occurred after January 1, 1992 and no estate tax for deaths that occurred after December 31, 2007. Some new things this year include an increased standard deduction, adjusted tax brackets, and some key changes to common tax credits and deductions. Wisconsin Standard Deduction Amounts varies by Income Bracket and Filing Status. You can save time and money by electronically filing your Wisconsin income tax directly with the . Any sales tax that is collected belongs to the state and does not belong to the business that was transacted with. Is health insurance tax-deductible? Does Wisconsin Require Nonresident Withholding. We also provide State Tax Tables for each US State with supporting tax calculators and finance calculators tailored for each state. Resorts such as Devils Head in the southern, Wisconsin is home to 11 federally recognized tribes: Bad River Band of Lake Superior Chippewa, Ho-Chunk Nation, Lac Courte Oreilles Band of Lake Superior Chippewa,, Wisconsin nicknames: Wisco. It ensures that only households with income above certain thresholds will owe any income tax. Property taxes are collected by local governments in Wisconsin and are usually based on the value of the property. Married filing separately: $0 - $9,850. The IRS will start accepting eFiled tax returns in January 2020 - you can start your online tax return today for free with TurboTax . You might be using an unsupported or outdated browser. PENALTYucator - Late Filing, Payment Penalties? You can prepare and e-File your 2022 Wisconsin Income Taxes here on eFile.comtogether with your Federal Income Tax Return. Warm and healthy dish with various veggies and herbs. The Standard Deduction 2021 is one of the main options to gain deductions by the Internal Revenue Service (IRS). What Is The Wisconsin Standard Deduction For 2022? Married Filing Jointly Tax Brackets Wisconsin Married Filing Jointly Tax Brackets TY 2022 - 2023 eFile your Wisconsin tax return now eFiling is easier, faster, and safer than filling out paper tax forms. Delaware. Does the federal premium tax credit affect the Wisconsin subtraction for medical care insurance? We also provide State Tax Tables for each US State with supporting tax calculators and finance calculators tailored for each state. Income tax brackets are required state taxes in . However once you are at full retirement age (between 65 and 67 years old, depending on your year of birth) your Social Security payments can no longer be withheld if, when combined with your other forms of income, they exceed the maximum threshold. All Rights Reserved. The property tax rates listed below are the average for properties in Wisconsin. The 6.0% tax credit for the sum of a taxpayer's Utah personal exemptions and federal deductions (other than for state income taxes paid) is reduced, but not below zero, by 21.67% of the taxpayer's Utah taxable income in excess of a threshold amount (in 2021, $15,095 for single, $30,190 for MFJ and $22,643 for HH). Your average tax rate is 11.67% and your marginal tax rate is 22%. View how much tax you may pay in other states based on the filing status and state entered above. Instructions, Resources on how to prepare and e-File. You may use it as a rough estimation guide to establishing early tax calculation, regarding your own Standard Deduction 2021 as an individual with certain filling status. Agency Directory Evaluating Your Deduction Establish your standard deduction. Most fill-in forms will work with Adobe Reader Version 7; however, some forms require Adobe Reader Version 9 or higher to print properly. The AMT exemption amount for 2021 is $73,600 for singles and $114,600 for married couples filing jointly (Table 3). Standard deduction amounts The amount of your standard deduction depends on the filing status you qualify for. How the standard. To estimate your tax return for 2023/24, please select the 2023 tax year. If you are legally blind, your standard deduction increases by $1,750 as well. Thats the normal standard deduction of $12,950 available to single filers, plus one additional standard deduction of $1,750 for being over the age of 65. the list below contains links to current and historical Wisconsin State Tax Tables, 2021 Wisconsin State Salary Comparison Calculator. Tax rates and thresholds are typically reviewed and published annually in the year proceeding the new tax year. A possible 3-course menu for 6 people who don't like nuts or seafood is: Starter: Vegetable soup with gluten-free bread. The amounts are: Single or Married filing separately$12,550. Prepare, eFile a 2022 WI + IRS Tax Return: Prepare only a WI State Return without an IRS return. 5. Estimated tax payments must be sent to the Wisconsin Department of Revenue on a quarterly basis. For example, if you are single and earned between $14,960 and $101,460, your standard deduction would be $10,380 minus 12% of all additional income over $14,960. The deduction increases to 60% for farm assets. The amount depends on your filing status. General Fund Tax Collections (Informational Paper 1) Individual Income Tax (Informational Paper 2) . You can deduct the amount of the tax years standard deduction from your taxable income on line 12 of your 2021 Form 1040 tax return. For Tax Year 2020, the maximum standard deduction is $11,050 for single filers and $20,470 for married couples filing jointly, but only a small number of taxpayers are eligible to claim the maximum amount. For the 2021 tax year, your allowable standard deduction will fall within one of the following ranges: Single fillers: $0 $11,200. What Are the Most Important Things to Look for in a CPA. From the ridges and valleys of the Driftless Area to the tall pines in the Northwoods to the rolling farmland throughout the entire state, Wisconsin, FoodShare Wisconsin. Health insurance premiums are deductible on federal taxes, in some cases, as these monthly payments are classified as medical expenses. Does Wisconsin Collect Sales Tax On Out Of State Purchases? This calculator estimates the average tax rate as the federal income tax liability divided by the total gross income. A possible 3-course menu for 6 people who don't like nuts or seafood is: Starter: Vegetable soup with gluten-free bread. This option will not electronically file your form. How much does Wisconsin tax Social Security? Over the past two years, a wave of tax reform has swept the country, with a historic number of states enacting laws to improve tax competitiveness. Full-year residents will be subject to different limits, depending on their filing status and age. Online Services. For the 2021 tax year, your allowable standard deduction will fall within one of the following ranges: Single fillers: $0 - $11,200. Get In Touch With A Pre-screened Financial Advisor In 3 Minutes. Generally, the more you earn, the less you can claim as a standard deduction regardless of your filing status. However once you are at full retirement age (between 65 and 67 years old, depending on your year of birth) your Social Security payments can no longer be withheld if, when combined with your other forms of income, they exceed the maximum threshold. What is Wisconsins favorite sandwich? Once you've filed your tax return, all you have to do is wait for your refund to arrive. Income from a government pension is not taxed under certain circumstances. What products, If someone dies in Wisconsin with less than the exemption amount (currently $12,006,000), their estate doesnt owe any federal estate tax, and there is no. Standard Deduction: Filer Allowance: $700.00: Dependents Allowance: $700.00: Are Federal Taxes Deductible? Wisconsin Department of Revenue: Individual Income Tax. Please remember that the income tax code is very complicated, and while we can provide a good estimate of your Federal and Wisconsin income taxes, your actual tax liability may be different. between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits. In 1968 under President Ronald Reagan, the deduction system was changed to a flat amount in form of dollars until now. E-filing your return and filing early can help ensure your refund check gets sent as quickly as possible. Your selected PDF file will load into the DocuClix PDF-Editor. Married filing jointly: $0 - $20,730. You may be entitled to an additional deduction depending on your particular circumstances, such as your age or disability. Delaware1. The Wisconsin Department of Revenue is responsible for publishing the latest Wisconsin State Tax Tables each year as part of its duty to efficiently and effectively administer the revenue laws in Wisconsin. If you are a full-year resident of Wisconsin, generally the same amount of your pension and annuity income that is taxable for federal tax purposes is taxable by Wisconsin. The IRS also announced that the standard deduction for 2022 was increased to the following: Married couples filing jointly: $25,900. If you are legally blind, your standard deduction increases by $1,700 as well. For a married couple filing jointly who take the standard deduction in tax year 2021, if they give $600 to charity, they'd get the $600 tax break in addition to the standard deduction ($12,550 . What is the Wisconsin standard deduction for 2022? Note: For fill-in forms to work properly with the bank, you must have free Adobe Reader software on your computer. The federal Tax Cuts and Jobs Act of 2017 (TCJA) increased the standard deduction (set at $12,550 for single filers and $25,100 for joint filers in 2021), while suspending the personal exemption by reducing it to $0 through 2025. If you would like additional elements added to our tools, please contact us. Does the standard deduction reduce taxable income? You can use our free Wisconsin income tax calculator to get a good estimate of what your tax liability will be come April. Withholding Formula (Effective Pay Period 04, 2022). 2022 Tax Year Return Calculator in 2023; DATEucator - Your 2023 Tax Refund Date . Below find links to other important Wisconsin income tax return information and other related features (e.g. For all of the tax forms we provide, visit our Wisconsin tax forms library or the 's tax forms page. Most tax preparers can electronically file your return for you, or you can do it yourself using free or paid income tax software, like the examples listed below. Are health insurance premiums tax deductible in Wisconsin? Wisconsin state income tax rate table for the 2020 - 2021 filing season has four income tax brackets with WI tax rates of 3.54%, 4.65%, 6.27% and 7.65% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. If your total itemized deductions are less than the standard deduction, the calculator will use the standard deduction. 0. However, its possible that someone is unable to claim it, in case theyre receiving other forms of deductions. There are three major categories of changes in the recent tax reform which will affect Wisconsin taxpayers: Marginal income tax rates were lowered and bracket thresholds were changed. Congratulations, Delaware youre the most tax-friendly state for retirees! What is Wisconsins standard deduction for 2020? 2021 Illinois net income is taxed at a 4.95% flat rate. Tax Year Filing Status Income Range Standard Deduction Amount 2022 Single $0 to $16,989 $11,790 $16,989 to $115,240 $11,790 - 12% over $16,990 $115,240 + $0 2022 HOH $0 to $16,989 $15,230 $16,989 to $49,705 $15,230 - 22.515% over $16,990 $49,705 to $115,240 The initial and essential purpose of the Standard Deduction 2021 is to lower the burden of middle to low-class citizens. Tax Breaks You Can Claim Without Itemizing. Wisconsin also makes more specialty cheese than any other state, Manufacturing of Wisconsin. What Is The Wisconsin Standard Deduction For 2021? Delaware. Warm and healthy dish with various veggies and herbs. In Tax Year 2018, single filers with Wisconsin Adjusted Gross Income below $15,500 can claim a $10,580 standard deduction, and married couples filing jointly with income below $22,000 can claim a standard deduction of $19,580. $12,950. Manufacturing is concerned mainly with the processing of agricultural products, along with the manufacture of metal goods and forest products. What is the standard deduction for seniors in 2021? To e-file your Wisconsin and Federal income tax returns, you need a piece of tax software that is certified for eFile by the IRS. The standard deduction in Wisconsin depends on a taxpayers filing status and income level.Income Tax Brackets. A high leap is possible in some scenarios, for example, due to the TCJA (Tax Cuts and Jobs Act) being passed last year that contains regulation to increase the amount of deduction and make a great difference for individuals as taxpayers. Do seniors get an extra tax deduction? You can calculate the tax bracket you fall into by dividing your income that will be taxed into each applicable bracket. Income tax deductions are expenses that can be deducted from your gross pre-tax income. A copy of the Wisconsin Form 1 income tax return form can be obtained online at the Wisconsin Department of Revenue website. The table below shows Wisconsin's tax rates as of tax year 2021 (filed in 2022) and their respective brackets. It's a secure PDF Editor and File Storage site just like DropBox. 15 Tax Calculators 15 Tax Calculators. Main: Roasted chicken with roasted potatoes and green beans. Wisconsin did not adopt the changes to federal standard deductions that the Tax Cuts and Jobs Act of 2017 made. Social security benefits are not taxable by Wisconsin. Are health insurance premiums tax deductible in Wisconsin? Yes, Wisconsin allows you to itemize on your state return even if you claimed the standard deduction on the federal return. Determine the standard deduction for that midpoint as follows: For Wisconsin income of $117,477 or over, the standard deduction is $0. 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. Yes. n: Special Exemptions: $0.00: . Congratulations, Delaware youre the most tax-friendly state for retirees! The Wisconsin State Tax Tables for 2021 displayed on this page are provided in support of the 2021 US Tax Calculator and the dedicated 2021 Wisconsin State Tax Calculator. For 2022 tax returns, the standard deduction amounts will be as follows: Taxpayers who are at least 65 years old or blind will be able to claim an additional 2022 standard deduction of. You may choose either one, but not both. The Wisconsin State Tax Tables for 2021 displayed on this page are provided in support of the 2021 US Tax Calculator and the dedicated 2021 Wisconsin State Tax Calculator. Our online Annual tax calculator will automatically . If you make $70,000 a year living in Wisconsin you will be taxed $10,908. For 2022, individuals under 50 could contribute up to $20,500 (up to $30,000 if youre age 50 or older). My federal standard deduction (Single) My Tax Credits My Tax Credits Married filing jointly or Qualifying widow(er)$25,100. 2021 Individual Income Tax Forms Note: For fill-in forms to work properly with the bank, you must have free Adobe Reader software on your computer. Remember: The total standard deduction claimed for dependents cannot be. 25. Wisconsin has a 5.00 percent state sales tax rate, a max local sales tax rate of 1.75 percent, and an average combined state and local sales tax rate of 5.43 percent. If you are a nonresident of Wisconsin, your pension and annuity income is generally nontaxable by Wisconsin. Standard Deduction 2021 - Preparing your taxes in advance allows you to make more informed decisions about how you will spend your savings. Your standard deduction is made up of the following components: It varies between each people due to the variables such as their filling status, senior citizen age, blindness disability, and if they are claimed by another taxpayer as a dependent. Married filing jointly: $0 $20,730. Prepare and eFile your 2020 Tax Returns on eFile.com. Carpenter said that Wisconsin boasts 1,200 licensed cheesemakers and 129 dairy plants. You can deduct the amount of the tax years standard deduction from your taxable income on line 12 of your 2021 Form 1040 tax return. Classic and satisfying dish with garlic, lemon, and rosemary. Taxing is a complex system, considering things such as itemized deductions for investment spending and medical expenses. In addition, check out your federal tax rate. Form 1A if the general income tax return (short form) for Wisconsin residents, it can be efiled or sent by mail. You must license your dog by the age of five months, per Wisconsin state law . federal itemized deductions totaling more than your Wisconsin standard deduction, you may be eligible for . Registered eFiler: Sign in, AskIT Married/RDP filing jointly, head of household, or qualifying widow(er). Wisconsin does not tax Social Security retirement benefits, even those taxed at the federal level. How Much Is The Average Heat Bill In Wisconsin? Wisconsin is home to 17.0 million acres of forest land. There is some variation at the state level, though, so make sure to check the laws for the state where you live. You may also electronically file your Wisconsin tax return through a tax preparer or using. In addition, Wisconsin allows for a few other subtractions from your income, including a deduction for private school tuition worth $4,000 for elementary school students and up to $10,000 for secondary school students, adoption expenses worth up to $5,000 per child adopted during the tax year, and contributions to Achieving a Better Life Experience (ABLE) accounts up to $15,000 to pay qualified disability expenses of a disabled person. The 2023 standard deduction will increase to $13,850 for single filers and those married filing separately, $27,700 for joint filers, and $20,800 for heads of household. If you are Married Filing Jointly and you OR your spouse is 65 or older, your standard deduction increases by $1,400. Here is the table that summarized the amount of Standard Deduction 2021 based on filing status: Note that the projection above is only a prediction based on inflation adjustment. No action on the part of the employee or the personnel office is necessary. printable of half page lines for kids writing, Additional $1,050 or individual income plus $350, Additional $1,100 or individual income plus $350. If you have questions about our fill-in forms, please refer to our instructions. What Is the Standard Deduction? 2021 Subject Index to Legislation EITC: adopting changes made by the federal Consolidated Appropriations Act of 2021 - AB80 EITC: adopting changes made by the federal Consolidated Appropriations Act of 2021 - SB126 EITC increase for families with fewer than 3 children - AB494 EITC increase for families with fewer than 3 children - SB465 The standard deduction is distinct from the personal exemption, which was eliminated by the Tax Cuts and Jobs Act of 2017 for tax years 2018-2025. Find IL Standard Deduction Information and Tax Forms. 50,000However, from AY 2019-20 onwards, a senior citizen can claim deduction upto Rs. How do I calculate my standard deduction? The amount of Standard Deduction 2021 for married taxpayers who fill in a join is set at $25,100. Main: Roasted chicken with roasted potatoes and green beans. For 2021, the credit amounts are as follows: This credit is refundable, but it doesnt carry forward. Wisconsin offers tax deductions and credits to reduce your tax liability, including a standard deduction, a deduction for qualified adoption expenses, and a tax credit for college tuition expenses. (adsbygoogle = window.adsbygoogle || []).push({}); The Wisconsin Department of Revenue is responsible for publishing the latest Wisconsin State Tax Tables each year as part of its duty to efficiently and effectively administer the revenue laws in Wisconsin. The Wisconsin State Tax Tables below are a snapshot of the tax rates and thresholds in Wisconsin, they are not an exhaustive list of all tax laws, rates and legislation, for the full list of tax rates, laws and allowances please see the Wisconsin Department of Revenue website. Manufacturing Credit and Agricultural Credit (MA-M): Amount of credit taken on 2021 return (line 16) must be added to income on your 2022 Wisconsin return. Enter household income you received, such as wages, unemployment, interest and dividends. What Is The Wisconsin Standard Deduction? It has its own standard deduction, which is progressive based on your income and filing status. Your taxes might not be due for a few more months, but there are plenty of good reasons why you should file your tax returns early 2021 TaxRateInfo.com,Boon Media Inc. Privacy Terms and Conditions. January 2021; General Fund Taxes. For the 2021 tax year, the standard deduction is $12,550 for single filers, $25,100 for joint filers and $18,800 for heads of household. Wisconsin offers taxpayers the opportunity to take a standard deduction. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for. tax extension, amendment, etc.). Wisconsin collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Standard Deduction 2021 for Married Filing Jointly The amount of Standard Deduction 2021 for married taxpayers who fill in a join is set at $25,100. Does Wisconsin Have A First-Time Homebuyer Program? The amount Standard Deduction 2021 for someone who is claimed as another persons dependent cannot be more than $1,100 or the total of the taxpayers income plus $350, as the figure is not more than the basic amount of standard deduction. If you are a nonresident or part-year resident of Wisconsin, you need to file Form 1NPR as well as your other tax forms. . expenses deduction. In addition to marginal tax brackets, one of the major features of the Wisconsin income tax is deductions. If you are Married Filing Jointly and you OR your spouse is 65 or older, your standard deduction increases by $1,350. What is the most tax friendly state for retirees? They say: This Midwestern state has a large German immigrant population, so its, Resident means a person who has maintained his or her place of permanent abode in this state for a period of 30 days immediately preceding, The Division of Motor Vehicles (DMV) sends license plate renewal notices at least one month before the current license plate expiration date. Does Wisconsin have a property tax discount for seniors? My Standard Deduction Check any boxes that describe you or your spouse. How Did German Immigrants Get From New York To Wisconsin? Adobe's website. FoodShare Wisconsin: FoodShare is Wisconsins Supplemental Nutrition Assistance Program and it helps low-income Wisconsin residents buy food. The Wisconsin State Tax Tables below are a snapshot of the tax rates and thresholds in Wisconsin, they are not an exhaustive list of all tax laws, rates and legislation, for the full list of tax rates, laws and allowances please see the Wisconsin Department of Revenue website. Is there a standard deduction in Wisconsin income tax? Single. Wisconsin also has a 7.90 percent corporate income tax rate. When you need an accountant, specifically a CPA, you want to be sure the . In general, the lower your taxable income is, the higher your standard deduction will be. shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S . For more detailed information, see the latest, 1,200 licensed cheesemakers. The deduction amount also increases slightly each year to keep up with inflation. If you are self employed or do not have your taxes withheld, you need to file estimated income taxes with Form 1-ES; use this instructional booklet to help you fill out and file your estimated income taxes. Enter your IRA contributions for 2022. What is the most tax-friendly state for retirees? In 2021, Wisconsin was among 13 states to enact laws reducing individual or corporate income tax rates, and as of this writing, 11 states have enacted legislation in 2022 to reduce income tax rates. To obtain free Adobe Reader software, please visit For a married couple filing jointly that has an aggregate Wisconsin adjusted gross income of less than $10,000, the standard deduction is $7,560. 2022 Individual Income Tax Forms Note: For fill-in forms to work properly with the bank, you must have free Adobe Reader software on your computer. Standard Deduction for Seniors If you do not itemize your deductions, you can get a higher standard deduction amount if you and/or your spouse are 65 years old or older.