Let us start by taxable income brackets for the state of North Carolina. The lowest taxable income bracket in North Carolina is $12,750 and the highest at $ 120,000, this bracket is for singles. Any married couples filling jointly, the minimum taxable bracket is $21,250 and the highest at $200,000.the taxable rate in all this cases is 6.0% and 8.25% for the lowest and highest respectively.
North Carolina state income tax is calculates in the same way the federal tax return is done using the same tax status on your federal tax return. To guarantee inclusion on the taxable income earners you must have an income that exceeds the minimum set taxable income .Upon attaining the above qualifications, it is also important to note that north Carolina state does have some interesting tax credits in specific areas such as the cases of tax payers with children in their care, elderly dependants, children's health care insurance premiums, charitable contributions among many other tax credit benefits. You can therefore spare some time to go through the list of tax credit items to find out which one may affect your status.
Any claims on tax credits for people who have child care or dependent elderly people under their care should be claimed by filling out the state form number D-400TC. Another important factor to put into consideration is the fact that retirement benefits are taxable in North Carolina State as the state considers the same as taxable income. This situation will apply to pensions earned within the state of North Carolina or even when it is mailed from some other state out of North Carolina. Contrary to the state of Minnesota, North Carolina does not have any cut off minimum taxable income for non residents. The North Carolina state taxes any income earned by any non residents within the boundaries of the state.
Filling North Carolina income tax returns online.
Like in most states, the online filling of income tax returns is done absolutely free and of importance to note is the fact that you must not be willing to submit your payments of income tax immediately for you to file your income tax returns online .you can successfully file out your returns and submit it and then organize the payment at a later date. Just incase you might be required to file tax returns for another state as well besides the North Carolina tax return at the same time, it would be very advisable to use paper return for any other extra fillings as the online system can not acknowledge more than one tax return at one go under the same name.