Some calculators may use taxable income when calculating the average tax rate. This calculator estimates the average tax rate as the state income tax liability divided by the total gross income.
A state law that went into effect in January pushes the income tax rate down from 4.5% in 2024 to 4.25% in 2025. In 2026, the income tax rate will drop to 3.99%. In 2023, North Carolina’s income ...
New North Carolina Democratic Gov. Josh Stein wants Republicans in charge of the legislature to roll back upcoming income tax cuts and scale back private school vouchers that expanded dramatically rec ...