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:

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.”