by Carolyn Rothwell on March 20, 2018

State Income Tax Data Updated for 2018 - Now Available in TOTAL


State tax income tax information for 2018 is available now. If you plan with TOTAL, Money Tree's in-depth financial planning software, it's standard practice to ensure the state tax rates are entered for all of the states your clients reside in and the rates are up-to-date each year.  The Tax Foundation is an excellent state tax resource providing updated rates each year, which is used to populate the state tax rates in TOTAL. A new option will be available in TOTAL's desktop edition to download the state tax data, which means this time-saving feature will be available for both the desktop and online edition. 

Get the Latest State Tax Data Now

Online Edition:

To get the latest state tax data, use the [Reset All State Tax Settings] option under Settings, State Tax. This option resets the state tax information to the latest state tax rates provided by Money Tree Software, which have been updated for 2018. This option can be used anytime, allowing you to update the state tax information on your own timeline.

Desktop Edition - NEW:
A new feature included in the 2018 tax update, which will be available this week, allows the desktop edition download the latest state tax rates, anytime. This feature has been highly requested and we are happy to have the state tax rates available for all states for both the online and desktop edition. Get the latest state tax rates in the desktop edition by going to Settings/Defaults under the Tool menu. An internet connection is required to use this feature. 

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If you prefer to update state tax rates manually, or would like to review the information before updating, the 2018 state tax data entered in TOTAL Online is included in this post. 

State Tax Foundation Resource: 
State Individual Income Tax Rates and Brackets for 2018


Jump to:
2018 State Tax Changes   |  Top Tax Rates per State  |  Tax Rates Per State Entered in TOTAL Online

AL  |  AK  |  AZ  |  AR  |  CA  |  CO  |  CT  |  DE  |  FL  |  GA  |  HI  |  ID  |  IL  |  IN  |  IA  |  KS  |  KY  |  LA  |  ME  |  MD  |  MA  |  MI  |  MN  |  MS  |  MO  |  MT  |  NE  |  NV  |  NH  |  NJ  |  NM  |  NY  |  NC  |  ND  |  OH  |  OK  |  OR  |  PA  |  RI  |  SC  |  SD  |  TN  |  TX  |  UT  |  VT  |  VA  |  WA  |  WV  |  WI  |  WY | DC


The Tax Foundation's article also includes a list of notable tax changes:  

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 The eleven states listed below had tax changes in 2018.

Several states have deductions or exemptions tied to the federal tax system, which will impact state taxes. 

At the time of the 2018 state tax update, the 2017 tax rates were used for the following states as the 2018 rates were not available. 

Arkansas, California, Idaho, and Ohio had not released the state tax rates at the time of last year's state tax update. The rates for these states have been updated from 2016 to the 2017 rules. 


The Tax Foundation's article features a helpful graphic highlighting the top marginal tax rate per state.  The states with the highest marginal state tax rate are shaded in blue.  California remains the highest top marginal tax rate of 13.3%, followed by Hawaii's 11% (with a reinstatement of three tax brackets for the highest-income taxpayers), and Oregon still holding the number three stop with a top rate of 9.9%.  Maine, which held the number two spot last year, dropped off the top three due to a repeal of the 3% surcharge on earnings over $200,000. 

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Tax Rates as Entered in TOTAL Online:

Screenshots of the state tax rates as entered in TOTAL Online are available below.  The tax settings have been entered in a conservative manner.  

NOTE: Many states offer standard deductions near or equal to the amount of the federal deductions, but do not allow all federal itemized deduction items.  For those states, the state tax rates are set to apply to AGI, leaning towards conservative assumptions. Choosing to apply state tax rates to federal taxable income would include all federally allowed itemized deductions (or federal standard deduction if not itemizing) for the state tax calculations.

The option to exclude retirement account withdrawals is not selected for any states that offer partial exemptions of retirement income.

For states only taxing interest and dividend income (New Hampshire and Tennessee) the tax rate is applied to all income except of Social Security and Retirement Account Withdrawals given the availability of those options. 

Remember, adjustments can be made per plan.  An option to exclude pension plans taxes on either the federal or state level is available on Pension plan data.  Additional adjustments can be made using Tax Details plan data to adjust the client's state taxable income or tax amount. 

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Jump to State: 
AL  |  AK  |  AZ  |  AR  |  CA  |  CO  |  CT  |  DE  |  FL  |  GA  |  HI  |  ID  |  IL  |  IN  |  IA  |  KS  |  KY  |  LA  |  ME  |  MD  |  MA  |  MI  |  MN  |  MS  |  MO  |  MT  |  NE  |  NV  |  NH  |  NJ  |  NM  |  NY  |  NC  |  ND  |  OH  |  OK  |  OR  |  PA  |  RI  |  SC  |  SD  |  TN  |  TX  |  UT  |  VT  |  VA  |  WA  |  WV  |  WI  |  WY | D.C.


Alabama

AlabamaStateTax2018.png

Alaska

AlaskaStateTax2018.png

Arizona

ArizonaStateTax2018.png

Arkansas

ArkansasStateTax2018.png

California

CaliforniaStateTax2018.png
The top rate includes 1% mental health service tax surcharge. 

Colorado

ColoradoStateTax2018.png

Connecticut

ConnecticutStateTax2018.png

Delaware

DelawareStateTax2018.png

Florida

FloridaStateTax2018.png

Georgia

GeorgiaStateTax2018.png

Hawaii

HawaiiStateTax2018.png

Idaho

IdahoStateTax2018.png

Illinois

IllinoisStateTax2018.png

Indiana

IndianaStateTax2018.png

Iowa

IowaStateTax2018.png

Kansas

KansasStateTax2018.png

Kentucky

KentuckyStateTax2018.png

Louisiana

LouisianaStateTax2018.png

Maine

MaineStateTax2018.png

Maryland

MarylandStateTax2018.png

Massachusetts

MassachusettsStateTax2018.png

Michigan

MichiganStateTax2018.png

Minnesota

MinnesotaStateTax2018.png

Mississippi

MississippiStateTax2018.png

Missouri

MissouriStateTax2018.png

Montana

MontanaStateTax2018.png

Nebraska

NebraskaStateTax2018.png

Nevada

NevadaStateTax2018.png

New Hampshire

NewHampshireStateTax2018.png

New Jersey

NewJerseyStateTax2018.png

New Mexico

NewMexicoStateTax2018.png

New York

NewYorkStateTax2018.png

North Carolina

NorthCarolinaStateTax2018.png

North Dakota

NorthDakotaStateTax2018.png

Ohio

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Oklahoma 

OklahomaStateTax2018.png

Oregon

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Pennsylvania

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Rhode Island

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South Carolina

SouthCarolinaStateTax2018.png

South Dakota

SouthDakotaStateTax2018.png

Tennessee

TennesseeStateTax2018.png

Texas

TexasStateTax2018.png

Utah

UtahStateTax2018.png

Vermont

VermontStateTax2018.png

Virginia

VirginiaStateTax2018.png

Washington

WashingtonStateTax2018.png

West Virginia

WestVirginiaStateTax2018.png

Wisconsin

WisconsinStateTax2018.png

Wyoming

WyomingStateTax2018.png

Questions on entering state tax rates?  Please let us know by calling 877-421-9815 or emailing support@moneytree.com.

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Carolyn Rothwell

Carolyn enjoys spending her time building Money Tree Software's brand and products. Her experience creating and delivering financial plans for a full-service financial planning firm and supporting advisors working to provide the best planning to their clients as a Money Tree support member has provided an excellent understanding of the importance of financial planning.