Fox Tax 2023

Wisconsin 2023 News

Home | Location, Rates, & Hours | Internet Links | Sch A Deductions | MFS & Low Income | Biz / Rentals | IRS News for 2023 | Wisconsin 2023 News | IRS & WI Contact Info | WI Taxpayer Advocate | Contact Info | Client Contact / Portal | 2023 Intake for Tax Year 2022 | Forms

Are you losing the Lottery Credit? If you own a home that is your primary home check your tax bill to verify the lottery credit is listed. This is not an income tax issue, however, we provide the forms as a service.

Another issue not tax related is reporting sales tax on form ST-12 if you have a business. Annual reporting is due by January 31, 2023.

Forms are available for above two items at and selecting the "Internet Links" option. Both are listed under WI.

Tax returns are due April 18th, 2023    Extensions due October 15, 2023. 
Earned Income Credit is a percentage of Federal EIC

Tuition subtraction for private schools K-8, $4,000;  9-12, $10,000.   This does NOT include "pre" K. 

Social Security, Military uniformed services and Railroad retirement benefits are not taxable to Wisconsin.
Also, WI state teachers, Federal civil service, and some Milwaukee city/county IF members of system on 12/31/1963.
Tuition subtraction increased to $6,976 per student subject to phase out. WI and MN have tuition reciprocity
Standard mileage deduction for Homestead purposes is 21 cents.
Debt forgiveness is taxable in WI.  Insolvency and bankruptcy is not.
Late filing fees for WI filers are $50 for individuals after April 18th, or October 15th if an extension is filed. Other states vary.

Insurance premiums out-of-pocket are deductible from WI income.
Day Care maximum, $3,000.

Medical insurance premiums paid out of pocket offer a subtraction for WI taxpayers.
A child does not have to be a dependent in order for you to deduct contributions to an authorized college savings account.
Gambling Winnings are taxable.  You are able to deduct losses, HOWEVER, there are conditions.  Basically, whatever your net is in a session is considered income if a profit.  Losses in a session are not allowed.  Ex: If you play the slots in the AM then eat lunch and play in the PM, each is a different session.  So.... if you win in the AM and lose in the PM, PM loses do not apply to AM winnings.  For more exact information click below:


Fox Tax 606 W Murdock Ave, Oshkosh, WI 54901-2220

Copyright 1999-2023 Fox Tax

Information on this site is a guideline for general use. Exact information varies with each individual client.