Tax Rate Schedules

For Tax Year 2023, the North Carolina individual income tax rate is 4.75% (0.0475).

For Tax Year 2022, the North Carolina individual income tax rate is 4.99% (0.0499).

Tax rates for previous years are as follows:

• 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.
• For Tax Years 2011 through 2013.
• For Tax Years 2009 and 2010.
• For Tax Years 2008.
• For Tax Year 2007.
• For Tax Years 2001 through 2006.

Session Law 2023-134 also 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 2024, the North Carolina individual income tax rate is 4.5%.
• For Taxable Years beginning in 2025, the North Carolina individual income tax rate is 4.25%.

• For Taxable Years after 2025, the North Carolina individual income tax rate is 3.99%.

  “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.”