Tax Rate Schedules
Future Tax Year Rates
Session Law 2023-134 updated the NC individual income tax rate for future tax years. The new rate for each tax year is as follows:
- For Taxable Years beginning in 2025, the North Carolina individual income tax rate is 4.25% (0.0425).
- For Taxable Years after 2025, the North Carolina individual income tax rate is 3.99% (0.0399).
Additional rate changes may apply to tax years beginning with 2027 based on certain rate reduction triggers. For more information, see Session Law 2023-134.
Current Tax Year Rates
- For Tax Year 2024, the North Carolina individual income tax rate is 4.50% (0.0450).
- For Tax Year 2023, the North Carolina individual income tax rate is 4.75% (0.0475).
Previous Tax Year Rates
Tab/Accordion Items
For Tax Year 2022, the North Carolina individual income tax rate is 4.99% (0.0499).
For Tax Years 2019, 2020, and 2021 the North Carolina individual income tax rate is 5.25% (0.0525).
For Tax Years 2017 and 2018, the North Carolina individual income tax rate is 5.499% (0.05499).
For Tax Years 2015 and 2016, the North Carolina individual income tax rate is 5.75% (0.0575).
For Tax Year 2014, the North Carolina individual income tax rate is 5.8% (0.058).
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