Wisconsin does not tax Social Security retirement benefits, even those taxed at the federal level. Income from retirement accounts, including an IRA or a 401(k), is taxable at rates ranging from 3.50% to 7.65%. Income from a government pension is not taxed under certain circumstances.
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Enter your financial details to calculate your taxes Annual Social Security Income Dismiss Annual Retirement Account Income Dismiss Annual Wages Dismiss Dismiss Year of Birth Dismiss Filing Status Annual Income from Private Pension Dismiss Annual Income from Public Pension Dismiss You will pay of Wisconsin state taxes on your pre-tax income of Your Tax Breakdown Total Taxes Quick Guide to Retirement Income Taxes| is toward retirees. |
| Social Security income is taxed. |
| Withdrawals from retirement accounts are taxed. |
| Wages are taxed at normal rates, and your marginal state tax rate is %. |
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Wisconsin is the 20th-most populous state in the U.S., with a total population just under 5.9 million residents. It is located in the Great Lakes region of the Upper Midwest, along the western shores of Lake Michigan and Lake Superior.
Wisconsin’s retirement taxes are generally fairly low as compared with other states, although this will vary depending on your personal financial situation. As described in further detail below, the state fully exempts some types of retirement income, while taxing others.
Likewise, Wisconsin’s sales and property taxes are a mixed bag. While sales taxes are low, the state’s property taxes rank among the highest in the U.S.
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Wisconsin is moderately tax-friendly for retirees. Your level of retirement taxes in Wisconsin will largely depend on two things: how you withdraw your income in retirement and whether you own a home.
If you do not own a home and you rely primarily on Social Security or income from a government pension, your retirement taxes will likely be very low. On the other hand, if you have significant income from a retirement account, like a 401(k), and you do own a home, your retirement taxes could be quite high.
Wisconsin does not tax Social Security retirement benefits, even those taxed at the federal level.
Income from retirement accounts, including an IRA or a 401(k), is taxable at rates ranging from 3.50% to 7.65% (the full Wisconsin income tax brackets are below). If you have income from a private employer pension, that income will also be taxable.
A portion of your retirement benefits from the Wisconsin Retirement System are subject to state income taxes. Any pre-tax contributions, like employee-required contributions, will be taxed at a state level. Contributions that you make with post-tax money are not taxable, though.
| Single Filers | |
| Wisconsin Taxable Income | Rate |
|---|---|
| $0 - $13,810 | 3.50% |
| $13,810 - $27,630 | 4.40% |
| $27,630 - $304,170 | 5.30% |
| $304,170+ | 7.65% |
