North Carolina Tax FAQs

• taxmOuth North Carolina Tax FAQs

North Carolina Tax Forms

• taxmOuth North Carolina Tax Forms

North Carolina Corporate Taxes

• taxmOuth North Carolina Corporate Taxes
• North Carolina Tax Rates & Brackets:
  
  6.9%> $0
  
• Loss Carry-back/fwd: 0 Years Back / 15 Years Forward (Unlimited)
• Throwback Sales?: N
• Foreign Tax Deductible?: N
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: 0.150% ($15,000 max.)

North Carolina Tax Incentives and Credits

• taxmOuth North Carolina Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

North Carolina Individual Income Taxes

• taxmOuth North Carolina Individual Income Taxes
• North Carolina tax rates and brackets:
  
  6%> $0
  7%> $12,750
  7.75%> $60,000
  
• Local Option IT Rate: None
• Federal Inc used as Base?: Y
• Standard Deductions: Single $3,000 / Joint $6,000
• Personal Exemptions/Credits (c): Single $3,500 / Joint $7,000 / Dependent $3,500
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

North Carolina Estate, Gift and Inheritance Taxes

• taxmOuth North Carolina Estate and Gift Taxes
• Gift Tax?: Y
• Estate Tax?: Decoupled
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

North Carolina Miscellaneous Taxes

• taxmOuth North Carolina Miscellaneous Taxes
• Gas Tax: 30.2 cents/gallon
• Diesel Tax: 30.2 cents/gallon
• Cigarette Tax: 35.0 cents/20 pack

North Carolina Pass-through Tax Treatment

• taxmOuth North Carolina Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

North Carolina Payroll Taxes

• taxmOuth North Carolina Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #5

North Carolina Property Taxes

• taxmOuth North Carolina Property Taxes
• Median Tax Paid on Homes (Rank): $1,159 (#38)
• Median Value of Homes: $154,500
• Tax as % of Home Value (Rank): 0.75% (#30)
• Median Income of Homeowner: $57,790
• Tax as % of Income (Rank): 2.01% (#35)

North Carolina Sales and Use Taxes

• taxmOuth North Carolina Sales and Use Taxes
• State Rate: 5.50%
• County & City (Weighted Ave): 2.57%
• Combined State and Ave. Local Rates (Rank): 8.07% (#8)
• General Treatment of Services: Exempt
• Gasoline: Exempt
• Groceries: Exempt