North Carolina Income Tax Calculator (2024)

Estimate your take-home pay and all taxes in North Carolina for 2024!
Our North Carolina Income Tax Calculator provides a fast, accurate breakdown of your federal, NC state, and FICA taxes, including deductions, dependents, and pay frequency. Instantly see your annual and per-paycheck results, interactive charts, and a transparent calculation process.
This tool gives you clarity on your net pay and tax obligations. Updated for 2024 brackets and rules.

North Carolina Income Tax Calculator

Calculating for Tax Year 2024
Disclaimer: This is a basic estimate for Tax Year 2024 for informational purposes ONLY. It uses standard deductions or your itemized estimate and limited filing statuses. It does not account for all credits or complexities and is not tax advice. Visit the official North Carolina Department of Revenue.

Understanding North Carolina Taxes (2024)

Calculating your North Carolina taxes involves understanding the state's flat tax system, federal obligations, and FICA contributions. This calculator helps you estimate your take-home pay by considering these key components.

North Carolina State Income Tax

North Carolina has a flat income tax system with a single tax rate for 2024.

  • Tax Rate: North Carolina applies a flat 4.75% tax rate on taxable income for 2024. This rate is scheduled to decrease to 4.6% in 2025 and 4.5% in 2026.
  • Taxable Income: North Carolina's starting point is your federal adjusted gross income (AGI) with North Carolina-specific adjustments.
  • Standard Deduction: North Carolina's standard deduction for 2024 is $14,600 for Single and Married Filing Separately, $29,200 for Married Filing Jointly, and $21,950 for Head of Household.
  • Child Tax Credit: North Carolina offers a child tax credit that varies based on income and filing status. This calculator uses a simplified $100 credit per dependent.
  • Tax Reform: North Carolina has undergone significant tax reform in recent years, transitioning from a progressive tax structure to the current flat rate system.

Local Taxes

North Carolina does not have local income taxes. The state income tax is the only income tax that North Carolina residents pay to the state.

Federal Income Tax

Federal income tax is based on federal tax brackets, your filing status, deductions (standard or itemized), and allowances claimed on your W-4. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.

FICA Taxes (Social Security & Medicare)

FICA taxes fund Social Security and Medicare. These are typically withheld by employers.

  • Social Security: 6.2% on income up to the annual limit ($168,600 for 2024).
  • Medicare: 1.45% on all income. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for Single, $250,000 for MFJ).

Other North Carolina Taxes (Not Calculated Here)

While this calculator focuses on income taxes, be aware of other taxes in North Carolina:

  • Sales Tax: North Carolina has a state sales tax of 4.75%, with additional local sales taxes that can push the total rate to around 7% in many areas.
  • Property Tax: Property taxes in North Carolina are administered at the local level and vary by county and municipality.
  • No Estate/Inheritance Tax: North Carolina does not have estate or inheritance taxes.

Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.