Individual Income Tax Bulletins
These publications were prepared for the purpose of presenting the administrative interpretation and application of North Carolina income tax laws relating to individuals, partnerships, estates, and trusts. They do not cover all provisions of the law.
Taxpayers are cautioned that these publications are intended merely as a guide and that consideration must be given to all the facts and circumstances in applying these bulletins to particular situations. Taxpayers using these publications should be aware that additional changes may result from legislative action, court decisions, and rules adopted or amended under the Administrative Procedure Act, Chapter 150B of the General Statutes. In no case should these bulletins be relied upon for years other than the specific taxable years indicated.
- Individual Income Tax Bulletins for Taxable Years 2009 and 2010
- Individual Income Tax
Bulletins for Taxable Years 2007 and 2008
- Table of Contents
(The 2007-2008 Bulletins were revised in November 2008 to include law changes enacted by the General Assembly that become effective for tax years beginning on or after January 1, 2008. See 2008 Tax Law Changes, Section 1-Personal Taxes and Section 2-General Administration, for specific law changes.)
- Table of Contents
- Individual Income Tax Bulletins Supplement 2006
- Individual Income Tax Bulletins for Taxable Years 2005 and 2006
- Individual Income Tax Bulletins for Taxable Years 2003 and 2004 *
* Revised October 2004 to include the following:
- Individual Income Tax Bulletins for Taxable Years 2001 and 2002 **
- Individual Income Tax Bulletins for Taxable Years 1999 and 2000
Individual Income Tax Bulletins for 2001 and 2002
Pages 11, 12, and 61: The 2001 General Assembly enacted legislation to eliminate the marriage penalty by increasing the standard deduction for married filers to twice the amount allowed single filers. The increase was to be phased in over a two-year period beginning in 2002. The legislation also increased the tax credit for children from $60 per child to $75 per child in 2002.
The 2002 General Assembly enacted Senate Bill 1115 which delays the increased standard deduction for 2002 to tax years beginning on or after January 1, 2003. The bill also delays the increase in the child credit to tax years beginning on or after January 1, 2003.
You should consider these changes when preparing 2002 individual income tax returns. When using the standard deduction charts on page 11 and the worksheet on page 12 of these Bulletins, you should use the standard deduction amounts for 2001. Under # 11. Credit for Children on page 61, the tax credit per child for 2002 is $60 instead of $75.