Key to the $111 billion, two-year state budget signed by Gov. Tony Evers with bipartisan legislative support is a $1.5 ...

Included in a Republican tax cut plan advancing in the Legislature is a provision to shield some retirement income from ...

MADISON – Teachers in Wisconsin schools would be able to deduct classroom materials from income tax filings under a new bill. Under the proposal, teachers may claim up to a $300 deduction on ...

Under the proposal, teachers may claim up to a $300 deduction on their state income tax return for eligible expenses such as professional development courses, books and other classroom supplies.

MADISON – About 1.6 million Wisconsinites would pay lower income taxes under a $1.3 billion tax cut plan approved June 12 by Republicans on the Legislature's powerful budget-writing committee.

Evers, in his budget proposal, also suggested removing income tax on cash tips. As a result, the state would take in about $6.7 million less in tax revenue in 2025-26.

The income tax cuts would primarily benefit retirees as well as deduct 1% of the income tax of married-joint filers making between $38,000 and $67,000.

The ITR or income tax filing is a crucial annual financial task that needs to be taken care of by many salaried and self-employed professionals. The income tax filing season for 2024-25 has started.

MADISON — Included in a Republican tax cut plan advancing in the Legislature is a provision to shield some retirement income from Wisconsin income taxes. The Republican plan would exclude from ...

Payments were just 19.8% of median household income in Wisconsin, ranking the state second-lowest in the country above Vermont (18.9%) and slightly below Michigan (21.2%) and Iowa (20.8%).