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1. otr.cfo.dc.gov › page › dc-individual-and-fiduciaryDC Individual and Fiduciary Income Tax Rates | otr

   otr.cfo.dc.gov › page › dc-individual-and-fiduciary

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   Find out the tax rates for DC residents and nonresidents for tax years 2015 to 2023. The tax rates vary depending on the taxable income and the tax year.

2. www.forbes.com › advisor › income-tax-calculatorWashington, D.C. Income Tax Calculator 2023-2024 - Forbes

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   • Income Tax Deductions For Washington, D.C.
   • Washington, D.C., Income Tax Credits
   • Do I Have to Pay Income Tax in Washington D.C.?
   • Property Taxes and Property Tax Rates
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   Standard Deduction

   The amount you can claim in a standard deduction depends on your filing status. The current standard deduction amounts are: 1. Single/Married filing separately:$12,950 2. Head of household:$19,400 3. Married filing jointly/Qualifying widow(er) with dependent children:$25,900 Additionally you may be able to claim an additional deduction if you’re blind or were born before January 2, 1958. The additional amounts are: 1. Single/Head of household:$1,750 2. Married filing jointly:$1,400

   Itemized Deductions

   If you itemize deductions on your federal tax return, you must itemize on your Washington, D.C., return, too. For full-year district residents, itemized deductions are based largely on the deductions claimed on your federal return, though you don’t deduct state and local taxes on your D.C. return but you do write off state and local real estate taxes you paid. For those who make over $200,000 ($100,000 if married filing separately), only a portion of your federal itemized deductions will be d...

   Other Deductions

   The district also allows for several subtractions from your income, including taxable Social Security and railroad retirement benefits to the extent reported on your federal return, any unemployment insurance benefits, and federal government survivor benefits.

   See full list on forbes.com

   Credit for Child and Dependent Care Expenses

   If you claimed the federal credit for child and dependent care expenses, you’ll likely be eligible for a similar D.C. credit worth 32% of the federal amount. However, if you are married filing separately, you will need to prove that you meet certain qualifying criteria in order to claim the credit. This credit is nonrefundable, meaning you won’t get money back if the credit is larger than the amount of tax you owe.

   Homeowner and Renter Property Tax Credit

   If you’re a homeowner or renter whose federal adjusted gross income (AGI) for the tax year was $57,600 or lower ($78,600 or lower if you’re age 70 or older) you may be eligible for this credit. You can calculate the credit for your particular situation using Schedule H; its maximum value is $1,250. To be considered eligible, you must have lived in the home for the entire year, you must not be claimed as a dependent on anyone else’s return, and you cannot have rented from a landlord whose prop...

   See full list on forbes.com

   You must file a tax return in DC if any of the following conditions are met: 1. You were a resident of the District of Columbia at any time during the tax year. 2. You maintained a home in the district for at least 183 days out of the year, even if your permanent home was somewhere else. 3. You’re a member of the armed forces, and D.C. was your hom...

   See full list on forbes.com

   Property Tax Rates

   The property tax rate for residential property is 85 cents for every $100 of assessed value.

   Capital Gains Taxes

   The amount of capital gains claimed on your federal return is taxed as ordinary income on your D.C. return.

   Inheritance and Estate Tax and Inheritance and Estate Tax Exemption

   The District of Columbia imposes an estate tax on estates valued at a little over $4.25 million and higher. The tax rate ranges from 11.2% to 16.0%. D.C. does not have an inheritance tax.

   See full list on forbes.com

   Estimate your taxes for 2023-2024 in Washington, D.C. using this online calculator. Learn about the tax rates, brackets, deductions, credits and filing requirements for the district.

   See full list on forbes.com

3. smartasset.com › taxes › district-of-columbia-taxDistrict of Columbia Income Tax Calculator - SmartAsset

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   Jan 1, 2024 · Overview of District of Columbia Taxes. Washington, D.C. residents pay a progressive district income tax if they've lived there for at least 183 days out of the year. Rates are quite high compared to national averages, ranging from 4% to 10.75%.

4. otr.cfo.dc.gov › service › individual-income-taxIndividual Income Tax Service Center | otr

   otr.cfo.dc.gov › service › individual-income-tax

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   Find out how to file, pay, and check your DC income tax online or by mail. Get information on forms, publications, payment options, interest calculator, and more.

5. People also ask

   How much tax do you pay if you live in Washington DC?

   • If you make $70,000 a year living in Washington, D.C. you will be taxed $10,969. Your average tax rate is 10.94% and your marginal tax rate is 22%. This marginal tax rate means that your immediate additional income will be taxed at this rate. Use our income tax calculator to estimate how much tax you might pay on your taxable income.

   Washington, D.C. Income Tax Calculator 2023-2024

   www.forbes.com/advisor/income-tax-calculator/washington-dc/

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   How much tax does the district of Columbia pay?

   • In addition to federal income taxes, taxpayers in the nation’s capital pay local taxes to the District of Columbia. These include a district income tax, with rates ranging from 4% to 10.75%, a 6% sales tax and property taxes on real estate. The District has an average effective property tax rate of 0.57%.

   District of Columbia Income Tax Calculator - SmartAsset

   smartasset.com/taxes/district-of-columbia-tax-calculator

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   What is taxable income in DC?

   • The taxable income of an individual who is domiciled in the District at any time during the tax year (or who maintains an abode in the District for 183 or more days during the year) or of a DC estate or trust is subject to tax at the following rates: Tax Rates: The tax rates for tax years beginning after 12/31/2021 are: 4% of the taxable income.

   DC Individual and Fiduciary Income Tax Rates | otr

   otr.cfo.dc.gov/page/dc-individual-and-fiduciary-income-tax-rates

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   Are capital gains taxed in DC?

   • The amount of capital gains claimed on your federal return is taxed as ordinary income on your D.C. return. The District of Columbia imposes an estate tax on estates valued at a little over $4.25 million and higher. The tax rate ranges from 11.2% to 16.0%. D.C. does not have an inheritance tax.

   Washington, D.C. Income Tax Calculator 2023-2024

   www.forbes.com/advisor/income-tax-calculator/washington-dc/

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6. otr.cfo.dc.gov › service › individual-income-taxpayersIndividual Income Taxpayers | otr

   otr.cfo.dc.gov › service › individual-income-taxpayers

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   Individual Income Taxpayers. The Office of Tax and Revenue launched a new tax portal, MyTax.DC.gov. This tax portal will make it convenient to access account information, schedule payments, view transaction history, file returns electronically, and more. Subscribe to our blog for updates. Tax Forms. Electronic/Online Services.

7. otr.cfo.dc.gov › page › individual-income-tax-filingIndividual Income Tax Filing FAQs | otr

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   Find out if you need to file a DC income tax return, when it is due, how to file electronically, and what rates and deductions apply. Learn about the COVID-19 extension, the standard deduction, and the mailing addresses for DC tax forms.

8. app.cfo.dc.gov › services › taxIndividual Income Tax Service Center - Washington, D.C.

   app.cfo.dc.gov › services › tax

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   Learn how to file and pay your District of Columbia individual income tax electronically or by credit card. Find tax forms, publications, FAQs, and customer service information.