What is the personal income tax rate in District of Columbia?
The personal income tax rate in District of Columbia varies based on your taxable income. For individuals, the tax rates range from 4% to 8.95%. If your taxable income falls within the $0-$10,000 bracket, the tax rate is 4%. For income between $10,001 and $40,000, the rate is 6%. An 8.5% tax rate applies to income between $40,001 and $60,000, while the highest bracket of 8.95% is for income above $60,000. Therefore, the personal income tax rate in District of Columbia depends on the amount of income you earn. It is advisable to consult the latest tax regulations or contact the District of Columbia Office of Tax & Revenue for accurate and up-to-date information.
Answered May 3, 2024
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