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  2. Rates for Tax Years 2022 and 2023. Tax Rates: The tax rates for tax years beginning after 12/31/2021 are: 4% of the taxable income. $400, plus 6% of the excess over $10,000. $2,200, plus 6.5% of the excess over $40,000. $3,500, plus 8.5% of the excess over $60,000.

    • 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

    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.

    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...

    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...

    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.

  3. Jan 1, 2024 · District of Columbia Tax Quick Facts. Income tax: 4% - 10.75%; Sales tax: 6%; Property tax: 0.57% effective rate; Gas tax: 23.5 cents per gallon of regular gasoline and diesel

  4. Sep 30, 2021 · The District of Columbia Office of Tax and Revenue (OTR) reminds taxpayers, tax professionals, software providers, businesses and others about tax changes that were enacted in the Fiscal Year 2022 Budget Support Emergency Amendment Act of 2021. These tax changes will take effect October 1, 2021, unless otherwise noted, for the following tax types:

  5. Mar 8, 2016 · Washington, D.C., residents are taxed at 5 rates, ranging from 4% to 8.95%. More on District of Columbia taxes can be found in the tabbed pages below. Personal income tax. Washington, D.C.,...

  6. 2021 Tax Rates and Tax Burdens in the District of Columbia: A Nationwide Comparison v Table 11: Tax Burdens in Washington, DC for a Hypothetical Family Compared with the Average for the Largest City in Each State by Income Level, 2021 ..... 48

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