Wisconsin’s Standard Deduction and Taxable Goods

One of the states in the US with a standard deduction for taxpayers is Wisconsin. The standard deduction’s main objective is to lower a taxpayer’s taxable income. In Wisconsin, all taxpayers who do not itemize their deductions are eligible for the basic deduction.

The standard deduction for individuals in 2021 is $12,400. The standard deduction for married couples filing jointly is $24,800. Each year, these numbers are updated to account for inflation. Taxpayers who wish to itemize their deductions may still do so, but in order to take advantage of it, they must do so in excess of the basic deduction.

Now for the questions at hand: Wisconsin taxes dog food. Pet food is regarded as taxable because it isn’t thought of as a product for human consumption, according to the Wisconsin Department of Revenue. This implies that you will be required to pay sales tax if you buy dog food in Wisconsin.

Similarly, Wisconsin taxes pints of ice cream as well. Ice cream is regarded as a prepared food item, hence Wisconsin sales tax applies to it. This covers additional packaged ice cream goods as well as pints of ice cream.

It depends on how coffee is sold when it comes to pricing. In Wisconsin, there is no sales tax on coffee grounds or beans that are bought to brew at home. But if you buy coffee that has already been brewed or that is offered in a prepared form, such a can or a bottle, it is regarded as a prepared food item and is subject to tax.

Additionally subject to Wisconsin sales tax is herbal tea. Buying loose herbal tea leaves to boil at home is tax-free, just like buying coffee. Purchases of pre-packaged herbal tea bags or bottles, however, are regarded as prepared food items and are charged sales tax.

In conclusion, taxpayers in Wisconsin have access to a standard deduction, but it’s crucial to understand what products are subject to state sales tax. The state of Wisconsin levies a sales tax on herbal tea, dog food, ice cream pints, and prepared coffee. For the most recent information on taxable items, it is always a good idea to contact the Wisconsin Department of Revenue.