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Pennsylvania taxes eight classes of income: (1) compensation; (2) interest; (3) dividends; (4) net profits from the operation of a business, profession or farm; (5) net gains or income from the dispositions of property; (6) net gains or income from rents, royalties, patents and copyrights; (7) income derived through estates or trusts; and (8 ...
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Current and Historical Tax Rates.
Find out how much you'll pay in Pennsylvania state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.
In 2024, every taxpayer in the state, regardless of their income bracket, is subject to a flat rate of 3.07%. This singular rate system simplifies tax calculations for individuals and businesses alike. It eliminates the need to navigate complex tiered tax brackets that vary with income levels.
Pennsylvania has a flat individual income tax rate of 3.07 percent, but some municipalities levy local income taxes. Philadelphia and Chester, for example, levy the state’s highest local income tax rate of 3.75 percent. Property tax: 1.49 percent of a home’s assessed value (average)
Pennsylvania has an 8.49 percent corporate income tax rate. Pennsylvania has a 6.00 percent state sales tax rate and an average combined state and local sales tax rate of 6.34 percent . Pennsylvania also has a 1.26 percent effective property tax rate on owner-occupied housing value.