2024 Form 4T Instructions 

Tax-exempt  organizations  and  certain  individual  retirement  arrangements  (IRAs)  or  Medical  Savings  Accounts 
(MSAs) use Form 4T to report their unrelated business taxable income and credits and to compute their franchise or 
income tax and economic development surcharge liability. 

                               Table of Contents 

General Franchise or Income Tax Return Instructions ................................................................. 2 
 Who Must File ........................................................................................................................ 2 
 When and Where to File ........................................................................................................ 3        
 Period Covered by Return ..................................................................................................... 3         
 Accounting Methods and Elections ...................................................................................... 4                
 Payment of Estimated Tax ..................................................................................................... 4         
 Disclosure of Related Entity Expenses and Reportable Transactions ............................... 5                                      
 Internal Revenue Service Adjustments, Amended Returns, and Claims for Refund ......... 6                                                 
 Economic Development Surcharge ...................................................................................... 6                  
 Information Returns ............................................................................................................... 7    
 Wisconsin Use Tax ................................................................................................................ 7     
 Penalties for Not Filing or Filing Incorrect Returns ............................................................ 7                      
Conformity With Internal Revenue Code and Exceptions .................................................................... 7 
 Provisions of the Internal Revenue Code Not Adopted by Wisconsin: .............................. 8                                       
 Other Exceptions to Internal Revenue Code ...................................................................... 12                      
 Depreciation and Bonus Depreciation ............................................................................... 12                   
 Accounting for Differences ................................................................................................. 12          
 Items A Through J ................................................................................................................ 13    
 Lines 1 Through 13  - Organizations Taxable as Corporations......................................... 14                                  
 Lines 14 Through 23 - Organizations Taxable as Trusts ................................................... 18                             
 Lines 25 Through 41 ............................................................................................................ 21      
 Additional Information, Signatures, and Supplemental Schedules .................................. 23                                     
 Wisconsin Income of Multistate Organizations ................................................................. 24                        
 Who Must Use Apportionment ............................................................................................ 24               
 What Is the Apportionment Percentage ............................................................................. 25                    
 Corporate Partners or LLC Members ................................................................................. 25                   
 Obtaining Forms and Assistance ....................................................................................... 26                
Appendix: Tax Table for Trusts 
 

                                   2024 Wisconsin Form 4T Instructions 

General Franchise or Income Tax Return Instructions 

Who Must File 

Organizations Required to File. The following exempt organizations are required to file a Wisconsin corporation 
franchise or income tax return: 
•  Organizations exempt from Wisconsin income taxation under sec. 71.26(1)(a) or 71.45(1), Wis. Stats., which sat-
 isfy, or which are the sole owner of limited liability companies (LLCs) that satisfy, all the following: 
 ➢  Do business in Wisconsin, 
 ➢  Have at least $1,000 of gross income from an unrelated trade or business for federal income tax purposes, 
  and 
 ➢  Must file federal Form 990-T or 4720 to report such unrelated trade or business income. 
•  Trusts exempt from federal income tax under Internal Revenue Code (IRC) section 501(a), which satisfy all the 
 following:  
 ➢  Have income from Wisconsin sources, such as business transacted or property located in Wisconsin, 
 ➢  Have at least $1,000 of gross income from an unrelated trade or business for federal income tax purposes, 
  and 
 ➢  Must file federal Form 990-T, 4720, or 5227. 
•  IRAs and MSAs described in IRC sections 408(a) and 220(d) which satisfy all the following:  
 ➢  Have income from Wisconsin sources, such as business transacted or property located in Wisconsin, 
 ➢  Have at least $1,000 of gross income from an unrelated trade or business for federal income tax purposes, 
  and 
 ➢  Must file federal Form 990-T or 4720. 
•  Exempt organizations engaged in buying or selling lottery prizes if the winning tickets were originally bought in 
 Wisconsin. 

“Gross income” of a manufacturing, merchandising, or mining business is the total receipts or sales, less the cost of 
goods sold, plus the gross income from other sources that is includable in unrelated business taxable income. 

“Doing business in this state.” The definition of “Doing business in this state,” sec. 71.22(1r), Wis. Stats, includes 
regularly selling products or services of any kind or nature to customers in Wisconsin that receive the product or 
service in Wisconsin; regularly soliciting business from potential customers in Wisconsin; regularly performing ser-
vices outside Wisconsin for which the benefits are received in Wisconsin; regularly engaging in transactions with 
customers in Wisconsin that involve intangible property and result in receipts flowing to the taxpayer from within 
Wisconsin; and holding loans secured by real or tangible personal property located in Wisconsin. “Regular" and 
“regularly" mean 15 or more days of activity. Fifteen days of activity means one person for 15 days or 15 persons for 
one day, or any combination of persons and days that results in at least 15 person-days of activity. “Days of activity” 
include any day, or portion thereof, upon which business activity took place. “Days of activity” do not include travel 
days, holidays, or weekends, unless business activities were conducted on those days. 

Organizations Not Required to File. The following organizations are not required to file a Wisconsin corporation 
franchise or income tax return: 
•  Exempt organizations that aren’t subject to tax on unrelated business taxable income under IRC section 511 and 
 aren’t required to file federal Form 990-T, except those with income realized from the sale of or purchase and 
 subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin. 
•  Employee benefit plans established by an employer engaged in or affecting interstate commerce or by an em-
 ployee  organization  that  represents  employees  engaged  in  or  affecting  interstate  commerce.  This  exception 
 doesn’t apply to government plans, church plans not electing under the vesting, etc., provisions, worker’s com-
 pensation plans, non-U.S. plans primarily for nonresident aliens, and “excess benefit plans.” 

IC-102 (R. 10-24)                                                     2 

                                      2024 Wisconsin Form 4T Instructions 

•  The State of Wisconsin, including the University of Wisconsin System, or any county, village, school district, or 
  other political unit of the State of Wisconsin. 
•  Credit unions. 

When and Where to File  

Generally, an exempt organization must file Form 4T by the 15th day of the 5th month following the close of its taxable 
year. However, an employees’ trust defined in IRC section 401(a), an IRA, and an MSA must file Form 4T by the 15th 
day of the 4th month following the close of the taxable year. If a return is filed late, without an extension, the exempt 
organization may be subject to penalties and interest. 

Extensions. If you are requesting an extension of time to file your federal income tax return, the following treatment 
applies: 
•  For exempt organizations taxable as corporations, any extension allowed by the Internal Revenue Service (IRS) 
  for filing the federal return automatically extends the Wisconsin due date to 30 days after the federal extended 
  due date. You don’t need to submit either a copy of the federal extension or an application for a Wisconsin exten-
  sion to the department by the original due date of your return. However, you must file a copy of the federal exten-
  sion with the Wisconsin return that you file. 
•  For exempt organizations taxable as trusts, any extension allowed by the IRS for filing the federal return automat-
  ically extends the Wisconsin due date to the federal due date. You must file a copy of the federal extension with 
  the Wisconsin return that you file. 
• Disaster Relief Extension. If you are filing under extension because of a federal or state disaster, include a 
  statement indicating which disaster extension you are using and attach it to your return. Additional information on 
  disaster areas can be found here:  revenue.wi.gov/Pages/FAQS/pcs-extensn.aspx#ext5 
   
Filing Return 

If you file your return on paper, follow these mailing instructions carefully: 
• Do not fasten, staple, or bind the pages of your return. Use paper clips instead. 
•  If you are submitting multiple returns, separate them with colored separator sheets. 
•  Use the mailing address shown on the form. 

Period Covered by Return 

The return must cover the same period as the exempt organization’s federal business income tax return, Form 990-T. 
A 2024 Wisconsin return must be filed by an exempt organization for calendar year 2024 or a fiscal year that begins 
in 2024. A fiscal year may end only on the last day of a month. The period covered by the return can’t exceed 12 
months. 

Example:  Corporation A has a fiscal year beginning March 1, 2024, and ending February 29, 2025.  Corporation A 
files a 2024 Form 4T for the period of March 1, 2024, through February 29, 2025.    
 
However, exempt organizations reporting on a 52–53 week period for federal tax purposes must file on the same 
reporting period for Wisconsin. A 52–53 week taxable year is deemed to begin on the first day of the calendar month 
beginning nearest to the first day of the 52–53 week taxable year. The taxable year is deemed to end on the last day 
of the calendar month closest to the last day of the 52–53 week taxable year for purposes of due dates, extensions, 
and assessments of interest and penalties. 

Any change in accounting period made for federal purposes must also be made for Wisconsin purposes. For the first 
taxable year for which the change applies, file with the Wisconsin return a copy of the IRS’s notice of approval of 
accounting period change if such approval is required or an explanation of the change if the IRS’s approval isn’t 
required. 

IC-102 (R. 10-24)                                                           3 

                                  2024 Wisconsin Form 4T Instructions 

Accounting Methods and Elections 

In computing unrelated business taxable income, the method of accounting must be the same method used in com-
puting federal unrelated business taxable income. However, if the method used for federal purposes isn’t authorized 
under the IRC in effect for Wisconsin, use a method authorized under the IRC in effect for Wisconsin. 

Change in Accounting Method. A change in accounting method made for federal purposes must also be made for 
Wisconsin purposes, unless the change isn’t authorized under the IRC in effect for Wisconsin. Adjustments required 
federally as a result of a change made while the exempt organization is subject to Wisconsin taxation must also be 
made for Wisconsin purposes, except in the last year that an exempt organization is subject to taxation by Wisconsin 
it must take into account all remaining adjustments required. 

For the first taxable year for which the change applies, file with the Wisconsin return either a copy of the application 
for change in accounting method filed with the IRS and copy of the IRS’s consent, if applicable, or an explanation of 
the change if the IRS’s approval isn’t required. 

Elections. As explained above, an exempt organization can’t make different elections for federal and Wisconsin 
purposes with respect to accounting periods and accounting methods, unless the federal method isn’t permitted under 
the IRC in effect for Wisconsin. In situations where an exempt organization has an option under the IRC and the IRS 
doesn’t consider that option to be a method of accounting, a different election may be made for Wisconsin than that 
made for federal purposes. If federal law specifies the manner or time period in which an election must be made, 
those requirements also apply for Wisconsin purposes. For                 more information, see WisconsinTax Bulletin 214(July 
2021, page 8). 
 
If different elections are made, adjustments are required on the Wisconsin return to account for any differences. 
Exempt organizations enter such adjustments on Part 1 or Part 2.  

Payment of Estimated Tax 

The franchise or income tax and economic development surcharge must be paid by the 15th day of the 5th month 
(15th day of the 4th month for employees’ trusts, IRAs, and MSAs) following the close of the taxable period,          regard-
less of the due date of the return. Exempt organizations may be required to make quarterly estimated payments to 
prepay their franchise or income tax and economic development surcharge.  

If the total of an exempt organization’s franchise or income tax and economic development surcharge due is $500 or 
more, it generally must make quarterly estimated tax payments. Corporations should use Wisconsin Form Corp-ES 
or make payment by electronic funds transfer, and trusts should use Form 1-ES or make payment by electronic funds 
transfer. Failure to make required estimated tax payments may result in an interest charge. 

 CAUTION: An extension for filing the return doesn’t extend the time to pay the franchise or income tax. Interest 
 will be charged on the tax and surcharge not paid by the original due date. You can avoid interest charges during 
 the extension period by paying the tax and surcharge due by the original due date. Submit your payment with 
 Wisconsin Form Corp-ES, Corporation Estimated Tax Voucher. 
                                                                                                                          
Quick Refund.   An exempt corporation that overpaid its estimated tax may apply for a refund before filing its tax 
return if its overpayment is (1) at least 10% of the expected Wisconsin tax liability and (2) at least $500. To apply, file 
Wisconsin Form 4466W, Corporation or Pass-Through Entity Application for Quick Refund of Overpayment of Esti-
mated Tax, after the end of the taxable year and before the exempt corporation files its tax return. Do not file Form 
4466W at the same time as your tax return. 

An exempt corporation that has a tax due when filing its tax return as a result of receiving a “quick refund” will be 
charged 12% annual interest on the amount of unpaid tax from the date the refund is issued to the earlier of the 15th 
day of the 5th month (15th day of the 4th month for employees’ trusts, IRAs, and MSAs) after the close of the taxable 
year or the date the tax liability is paid. Any tax that remains unpaid after the unextended due date of the tax return 
continues to be subject to 18% or 12% annual interest, as appropriate. 

IC-102 (R. 10-24)                                                       4 

                                    2024 Wisconsin Form 4T Instructions 

Disclosure of Related Entity Expenses and Reportable Transactions 

An exempt organization may be required to separately disclose certain expenses paid, accrued, or incurred to a 
related entity. An exempt organization or its material advisor may also be required to separately disclose reportable 
transactions. 

 CAUTION: Wisconsin law provides that certain related entity expenses shall not be allowed as deductions if they 
 are not timely disclosed as required by the Department of Revenue. Also, penalties may apply for failure to disclose 
 reportable transactions to the department. 
                                                                                                                         
Disclosure of Related Entity Expenses. If the exempt organization will be deducting more than $100,000 (after 
considering the effect of apportionment) of interest, rent, or intangible expenses or management fees paid, accrued, 
or incurred to a related person or entity, the corporation must generally file Schedule RT, Wisconsin Related Entity 
Expenses Disclosure Statement, with its franchise or income tax return. The Schedule RT instructions explain the 
reporting requirements. 

However, even if you are not required to file Schedule RT, if you are taking deductions for interest, rent, or intangible 
expenses or management fees paid, accrued, or incurred to related entities, you must add those expenses back to 
federal income as Wisconsin modification. If the expenses meet the tests for deductibility, you may subtract them out 
as subtraction modifications. 

Organization’s Disclosure of Reportable Transactions. If an exempt organization was required to include any 
form with its federal tax return to disclose a “reportable transaction,” as defined under sec. 71.81(1)(c),,              Wis. Stats.  it 
must file a copy of that form with the Department of Revenue within 60 days of the date it is required to file it for 
federal income tax purposes, provided it is otherwise required to file a Wisconsin return. This includes federal Form 
8886, Reportable Transaction Disclosure Statement.  

See the instructions to federal Form 8886 to determine if you are required to file the form for federal purposes. 

Material Advisor’s Disclosure of Reportable Transactions. A “material advisor” means any person who provides 
any material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insur-
ing, or carrying out any reportable transaction (as defined in the U.S. Treasury Regulations) and who, directly or 
indirectly, derives gross income from providing such aid, assistance, or advice in an amount that exceeds the thresh-
old amount. 

For a material advisor providing advice to an entity and not an individual, the “threshold amount” is any of the follow-
ing: 

•  $25,000 if the reportable transaction is a listed transaction (as defined in the U.S. Treasury Regulations). 
•  $250,000 if the reportable transaction is not a listed transaction.  

For a material advisor providing advice to an individual, the “threshold amount” is any of the following: 
•  $10,000 if the reportable transaction is a listed transaction (as defined in the U.S. Treasury Regulations). 
•  $50,000 if the reportable transaction is not a listed transaction. 

A material advisor that is required to disclose a reportable transaction to the IRS must file a copy of the disclosure 
with the Department of Revenue within 60 days of the date it is required for federal income tax purposes, if the 
reportable transaction affects the taxpayer’s Wisconsin income or franchise tax liability. For federal purposes, the 
form required for this disclosure is Form 8918. 

If you are required to file Form 8918 for federal income tax purposes and the reportable transaction to which the form 
relates affects the taxpayer’s Wisconsin income or franchise tax liability, send a paper copy, separate from the Wis-
consin return, to the following address: Wisconsin Department of Revenue, Tax Shelters Program, PO Box 8906, 

IC-102 (R. 10-24)                                                      5 

                                       2024 Wisconsin Form 4T Instructions 

Madison, WI 53708-8906. Include a listing of the names and identification numbers of each Wisconsin taxpayer for 
whom the advisor provided services to. 

Internal Revenue Service Adjustments, Amended Returns, and Claims for Refund 

Internal Revenue Service Adjustments. If an exempt organization’s federal tax return is adjusted by the IRS and 
such adjustments affect the Wisconsin net tax payable, the amount of a Wisconsin credit, or a Wisconsin loss car-
ryforward, you must report such adjustments to the Department of Revenue within 180 days after they become final 
by either filing an amended Wisconsin franchise/income tax return or mailing a copy of the final federal audit report. 

Send a copy of the final federal audit reports and any associated amended Wisconsin returns to the Wisconsin De-
partment  of  Revenue,  PO  Box  8908,  Madison,  WI  53708-8908.  If  submitting  a  federal  audit  report  without  an 
amended return, mail it to the Audit Bureau, Wisconsin Department of Revenue, Mail Stop 3-107, PO Box 8906, 
Madison, WI 53708-8906. Don’t attach these items to the tax return for the current year. 

Amended Returns. After you have filed a complete, original tax return, you may file an amended return to correct a 
tax return as you originally filed it or as it was later adjusted by an amended return, a claim for refund, or an office or 
field audit. 

If you file an amended federal return and the changes affect the Wisconsin net tax payable, the amount of a Wisconsin 
credit, or a Wisconsin loss carryforward, you must file an amended Wisconsin return with the Department of Revenue 
within 180 days after filing the amended federal return. 

To file an amended Wisconsin return, put a check mark on the line next to item D1 on the front of the return, complete 
the return, and include Schedule AR to explain any changes made. Show computations in detail, including any ap-
plicable supplemental forms or schedules. Also show how you figured your refund or additional amount owed. 

Where applicable, the line-by-line instructions in this booklet provide specific instructions for how to compute the 
amounts on an amended return. 

Claims for Refund. A claim for refund must be filed within 4 years of the unextended due date of the return. However, 
a claim for refund to recover all or part of any tax or credit paid as a result of an office or field audit must be filed 
within 4 years after such an assessment. That assessment must have been paid and must not have been protested 
by filing a petition for redetermination. See section Tax 2.12, Wisconsin Administrative Code, for more information. 

Economic Development Surcharge 

The economic development surcharge applies to corporations having gross receipts from all unrelated trade or busi-
ness activities of $4 million or more during the taxable year. Corporations that must file Wisconsin franchise or income 
tax returns must pay the economic development surcharge, with certain exceptions. The surcharge doesn’t apply to: 

•  Exempt corporations that have less than $4 million of gross receipts from all unrelated trade or business activities 
 for federal income tax purposes. 
•   “Gross receipts from all unrelated trade or business activities” includes gross receipts, gross sales, the gross sales 
 price from the disposition of capital assets and business assets, gross rents, gross income from unrelated debt-
 financed property, gross interest, annuities, royalties, and rents from controlled organizations, gross investment 
 income, gross exploited exempt activity income, gross advertising income, gross receipts passed through from 
 other entities, and all other receipts that are included in unrelated business taxable income for Wisconsin income 
 tax purposes. 

For more information, refer to Publication 400, Wisconsin’s Economic Development Surcharge. 

IC-102 (R. 10-24)                                                       6 

                                      2024 Wisconsin Form 4T Instructions 

Information Returns 

If an exempt organization pays $600 or more in rents, royalties, or certain nonwage compensation to one or more 
individuals, the exempt organization must file an information return to report those payments. You may use Wisconsin 
Form 9b, Miscellaneous Income, or you may use federal Forms 1099 or 1099-NEC instead of Form 9b. For more 
information, see the Form 9b instructions. 

Wisconsin Use Tax 

Exempt organizations that don’t hold a Wisconsin Certificate of Exempt Status (CES#) and purchase taxable tangible 
personal property, certain coins and stamps, certain leased properties affixed to real estate, certain digital goods, or 
taxable services for storage, use, or consumption in Wisconsin without payment of a sales or use tax may owe 
Wisconsin state, county, or stadium use tax and be required to file a Wisconsin sales and use tax return.  

For more information or forms, visit the department’s web site at             revenue.wi.gov/Pages/FAQS/home.aspx, e-mail 
DORSalesandUse@wisconsin.gov, fax your question to (608) 267-1030, call (608) 266-2776, or write to the Wiscon-
sin Department of Revenue, Mail Stop 5-77, PO Box 8946, Madison, WI 53708-8946. 

Penalties for Not Filing or Filing Incorrect Returns 

If you don’t file a Form 4T that you are required to file, or if you file an incorrect Form 4T due to negligence or fraud, 
interest and penalties may be assessed against you. The interest rate on delinquent taxes is 18% per year. Civil 
penalties may be as much as 100% of the amount of tax not reported on the return. Criminal penalties for filing a 
false return include a fine of up to $10,000 and imprisonment. Further, if you fail to disclose reportable transactions, 
you may be subject to the penalties described in sec. 71.81, Wis. Stats., including a $30,000 penalty for failure to 
disclose a listed transaction. 

Conformity With Internal Revenue Code and Exceptions 

The Wisconsin income and franchise tax law applicable is based on the federal Internal Revenue Code (“IRC”). The 
IRC generally applies for Wisconsin purposes at the same time as for federal purposes. For taxable years beginning 
on or after January 1, 2024, Wisconsin's definition of the IRC is the IRC as of December 31, 2022 with exceptions.  
Below is a listing of the exceptions. 

Note: The exceptions and provisions adopted by Wisconsin listed below are those in effect as of the publication date 
of these instructions. It is possible that subsequent changes in Wisconsin law may add or eliminate some exceptions 
applicable to taxable years beginning in 2024. 
 
Provisions of the Internal Revenue Code Adopted by Wisconsin: 
 
Changes made by the following public laws apply for Wisconsin purposes for taxable years beginning after 
December 31, 2010: 
 
• Section 1201 of P.L. 108-173, relating to health savings accounts. 
• Section 307 of P.L. 109-432, relating to the exclusion from gross income of a one-time distribution from 
  individual retirement accounts to fund health savings accounts. 
      
Changes made by the following public laws apply for Wisconsin purposes for taxable years beginning after 
December 31, 2022: 
      
• Sections 5001, 5002, 5005, 9623, 9624, and 9672 of P.L. 117-2 
  o  Section 5001, relating to the addition of certain nonprofit entities and internet publishing organizations to the 
     list of eligible entities to receive a paycheck protection program loan. 

IC-102 (R. 10-24)                                                           7 

                                      2024 Wisconsin Form 4T Instructions 

  o  Section 5002, relating to additional appropriations for targeted economic injury disaster loan advances. 
  o  Section 5005, relating to additional appropriations for shuttered venue operator grants and a reduction in the 
   amount of a paycheck protection program loans received. 
  o  Section 9623, relating to allowing a married individual who files as married filing separate and lives apart 
   from their spouse for the last 6 months of the year or has a divorce or separation instrument with the other 
   spouse by the end of the tax year to claim the earned income credit. 
  o  Section  9624,  relating  to  permanently  raising  the  investment  income  limit  to  $10,000,  and  allowing 
   adjustments for inflation in subsequent years for purposes of claiming the earned income credit. 
  o  Section 9672, relating to targeted economic injury disaster loan advances received under sec. 331 of Division 
   N of P.L. 116-260 not being included in gross income, allowing deductions, not reducing tax attributes, and 
   allowing a  basis  increase.  For partnerships and  S corporations,  any amount forgiven are treated as tax 
   exempt for purposes of sec. 705 and 1366, IRC. 
• Section 2 of P.L. 117-6, relating to the extension of paycheck protection program loan funding to June 30, 2021 
• The following sections of Division H of P.L. 117-58: 
  o  Section 80401, relating to the addition of qualified broadband projects to the list of federally exempt facility 
   bonds. 
  o  Section 80402, relating to the addition of qualified carbon dioxide capture facilities to the list of  federally 
   exempt facility bonds. 
  o  Section 80601, relating to including certain contributions received by a regulated public utility which provides 
   water or sewerage disposal services in the definition of a "contribution to the capital of the taxpayer" for 
   purposes of excluding the contribution from gross income of a corporation. 
    
Provisions of the Internal Revenue Code Not Adopted by Wisconsin: 

• Sections 1, 3, 4, and 5 of P.L. 106-519, which repealed               foreign sales corporation provisions and replaced with 
  extraterritorial income provisions. 
• Sections 101, 102, and 422 of P.L. 108-357, which repealed the exclusion for extraterritorial income, domestic 
  production activities deduction, and the creation of sec. 965 – incentives to reinvest foreign earnings in the U.S. 
• Sections 1310 and 1351 of P.L. 109-58, which provides for the modification to special rules for nuclear decom-
  missioning costs, repeal of the limitation on contract research expenses paid so small businesses, universities, 
  and federal laboratories. 
• Section 11146 of P.L. 109-59, the tax treatment of state ownership of railroad real estate investment trust. 
• Section 403(q) of P.L. 109-135, which provides incentives to reinvest foreign earnings from controlled foreign 
  corporations in the U.S. 
• Section 513 of P.L.109-222, which repeals foreign sales corporation/extraterritorial income exclusion binding 
  contract relief. 
• Section 104 of P.L. 109-432, which increases the rates of the alternative incremental credit and provides a new 
  alternative simplified credit 
• Sections 8233 and 8235 of P.L. 110-28, which created                  a special rule for banks required to change from the 
  reserve method of accounting in becoming tax-option (S) corporations and the elimination of all earnings and 
  profits attributable to pre-1983 years. 
• Section 11(e) and (g) of P.L. 110-172, which provides clerical amendments to research credits for controlled 
  corporations and common control, and clerical amendments to the FSC Repeal and Extraterritorial Income Ex-
  clusion Act of 2000. 

IC-102 (R. 10-24)                                                     8 

                                 2024 Wisconsin Form 4T Instructions 

• Section 301 of P.L. 110-245, which provides for tax responsibilities of expatriation. 
• Section 15351 of P.L. 110-246, limits the amount of farm losses that may offset non-farming business income to 
  $300,000. 
• Section 302 of division A, section 401 of division B, and sections 312, 322, 502(c), 707, and 801 of division C of 
  P.L. 110-343, which limits executive compensation for employers participating in troubled assets relief program 
  for the taxable year in which the troubled assets exceed $300,000,000.  Caps the domestic production activities 
  deduction at 6% for oil-related activities. The deduction for income attributable to domestic production activities 
  in Puerto Rico applies to the first 8 taxable years beginning before January 1, 2010.  Tax incentives for investment 
  in the District of Columbia includes exclusion for gain on sale of an asset held from more than 5 years. Defines 
  wages for purposes of the domestic production activities deduction.  Creates sec. 198A to provide for expensing 
  of disaster expenses for control of hazardous substances. Specifies treatment of nonqualified deferred compen-
  sation plans maintained by foreign corporations. 
• Sections 1232, 1251, 1501, and 1502 of division B of P.L. 111-5, which suspends the special rules for original 
  issue discount on high yield obligations issued during the period 9/1/2008 and 12/31/2009.  Provides that no built-
  in-gain tax is imposed on a tax-option (S) Corporation for a taxable year beginning in 2009 and 2010 if the seventh 
  taxable year in the corporation's recognition period preceded such taxable year. Tax-exempt obligations held by 
  financial institutions, in an amount not to exceed 2 percent of the adjusted basis of the financial institution's 
  assets, are not taken into account for determining the portion of the financial institutions interest expense subject 
  to the pro rata interest disallowance rule of sec. 265(b). Modification of the small insurer exception to tax-exempt 
  interest expense allocation rules for financial institutions. 
• Sections 211, 212, 213, 214, and 216 of P.L. 111-226, which adopts a matching rule to prevent the separation of 
  foreign taxes from the associated foreign income, denies a foreign tax credit for the disqualified portion of any 
  foreign income tax paid in connection with a covered asset acquisition, provides a separate application of foreign 
  tax credit limitation to items resourced under treaties, limits the amount of foreign         taxes deemed paid with respect 
  to sec. 956 inclusions, treats a foreign corporation as a member of an affiliated group for interest allocation and 
  apportionment purposes in more than 50% of gross income is effectively connected income and at least 80% of 
  either the vote or value of all outstanding stock is owned directly or indirectly by members of the affiliated group.   
• Section 2122 of P.L. 111-240, which clarifies the income sourcing rules for guarantee fees. 
• Sections 754 and 760 of P.L. 111-312, which specifies certain tax incentives for investments in the District of 
  Columbia and specifies that gross income does not include gain on certain small business stock. 
• Sections 104, 318, 322, 323, 326, 327, and 411 of P.L. 112-240, which makes the alternative minimum tax 
  exemption permanent and indexed for inflation, extends through 2013 the deduction with respect to income at-
  tributable to domestic production activities in Puerto Rico, extends the subpart F exception for active financing 
  income, extends the look-thru treatment of payments between related controlled foreign corporations under for-
  eign personal holding company,  extends through 2013 the reduction in tax-option (S) Corporation built-in gains 
  tax and clarifies treatment of installment sales, provides a 60% exclusion for gain on small business stock ac-
  quired before 2019, and extends through 2013 the rules that allow gain certain sales of electric transmission 
  property to be recognized ratably over 8 taxable years. 
• Public Law. 114-7, relating to contributions for relief of slain New York Police Detectives. 
• Section 1101 of P.L. 114-74 relating to partnership rules. 
• Section 305 of division P of P.L. 114-113, relating to the transportation costs of independent refiners. 
• Sections 123, 125-128, 143, 144, 151-153, 165-167, 169-171, 189, 191, 326, and 411 of division Q of P.L. 114-
  113.  
  o  Section 123, relating to extension of 15-year straight-line cost recovery for qualified leasehold improvements, 
   qualified restaurant buildings and improvements, and qualified retail improvements. 
  o  Section 125, relating to the extension of treatment of certain dividends of regulated investment companies. 
  o  Section 126, relating to the extension of exclusion of 100 percent of gain on certain small business stock. 
  o  Section 127, relating to the extension of reduction in S-corporation recognition period for built-in gains tax. 
  o  Section 128, relating to the extension of subpart F exception for active financing income. 
  o  Section 143, relating to the extension and modification of bonus depreciation. 
  o  Section 144, relating to the extension of look-thru treatment of payments between related controlled foreign    
   corporations under foreign personal holding company rules. 

IC-102 (R. 10-24)                                                      9 

                                   2024 Wisconsin Form 4T Instructions 

  o  Section 151, relating to the extension and modification of exclusion from gross income of discharge of qual-
   ified principal residence indebtedness. 
  o  Section 152, relating to the extension of mortgage insurance premiums treated as qualified residence inter-
   est. 
  o  Section 153, relating to the extension of above-the-line deduction for qualified tuition and related expenses. 
  o  Section 165, relating to the extension of classification of certain race horses as 3-year property. 
  o  Section 166, relating to the extension of 7-year recovery period for motorsports entertainment complexes. 
  o  Section 167, relating to the extension and modification of accelerated depreciation for business property on 
   an Indian reservation. 
  o  Section 169, relating to the extension of special expensing rules for certain film and television productions; 
   special expensing for live theatrical productions. 
  o  Section 170, relating to the extension of deduction allowable with respect to income attributable to domestic 
   production activities in Puerto Rico. 
  o  Section 171, relating to the extension and modification of empowerment zone tax incentives. 
  o  Section 189, relating to the extension of special allowance for second generation biofuel plant property. 
  o  Section 191, relating to the extension of special rule for sales or dispositions to implement FERC or State 
   electric restructuring policy for qualified electric utilities. 
    
  o  Section 326, relating to the dividends derived from RICs and REITs ineligible for deduction for United States 
   source portion of dividends from certain foreign corporations. 
  o  Section 411, relating to the partnership audit rules. 
• Sections 11011, 11012, 13201 (a) to (e) and (g), 13206, 13221, 13301, 13304 (a), (b), and (d), 13531, 13601, 
  13801, 14101, 14102, 14103, 14201, 14202, 14211, 14212, 14213, 14214, 14215, 14221, 14222, 14301, 14302, 
  14304, and 14401 of P.L. 115−97: 
  o  Section 11011, relating to the 20% deduction for domestic qualified business income. 
  o  Section 11012, relating to the limitation on losses for taxpayers other than corporations. 
  o  Section 13201 (a) to (e) and (g), relating to the temporary 100% expensing for certain business assets (bonus 
   depreciation).  
  o  Section 13206, relating to the amortization of research and experimental expenditures beginning in 2022. 
  o  Section 13221, relating to special rules for the taxable year of inclusion. 
  o  Section 13301, relating to the 30% taxable income limitation for the deduction of interest. 
  o  Section 13304(a), (b), and (d) relating to the limit on the deduction by employers of fringe benefits (meals, 
   entertainment, and transportation). 
  o  Section 13531, relating to the limitation on deductions for FDIC premiums. 
  o  Section 13601, relating to the modification of the limitation on excessive employee remuneration.  
  o  Section 13801, relating to the production period for beer, wine, and distilled spirits. 
  o  Section 14101, relating to the deduction for the foreign-source portion of dividends received by domestic 
   corporations from specified 10% owned foreign corporations. 
  o  Section 14102, relating to the special rules for sale or transfers involving specified 10% owned foreign cor-
   porations. 
  o  Section 14103, relating to the treatment of deferred foreign income upon transition to a participation exemp-
   tion system of taxation. 
  o  Section 14201, relating to the current year global intangible low-taxed income by U.S. shareholders. 
  o  Section 14202, relating to the deduction for foreign derived intangible income and global intangible low-taxed 
   income. 
  o  Section 14211, relating to the elimination of the inclusion of foreign base company oil related income. 
  o  Section 14212, relating to the repeal of the inclusion based on withdrawal of previously excluded subpart F 
   income from qualified investment. 
  o  Section 14213, relating to the modification of stock attribution rules for determining the status as a controlled 

IC-102 (R. 10-24)                                                 10 

                              2024 Wisconsin Form 4T Instructions 

   foreign corporation. 
  o  Section 14214, relating to the modification of the definition of a U.S. shareholder.  
  o  Section 14215, relating to the elimination of the requirement that a corporation must be controlled for 30 days 
   before the subpart F inclusions apply. 
  o  Section 14221, relating to the limitations on income shifting through intangible property transfers. 
  o  Section 14222, relating to certain related party amounts paid or accrued in hybrid transactions or with hybrid 
   entities.  
  o  Section 14301, relating to the repeal of section 902 – indirect foreign tax credits, and determination of the 
   deemed paid credit for subpart F inclusions under sec. 960 on a current year basis. 
  o  Section 14302, relating to the separate foreign tax credit limitation basket for foreign branch income. 
  o  Section 14304, relating to the election to increase the percentage of domestic taxable income offset by the 
   overall domestic loss treated as foreign source. 
  o  Section 14401, relating to the base erosion anti-abuse tax.  
• Sections 40304, 40305, 40306, and 40412 of P.L. 115-123: 
  o  Section 40304, relating to the extension of classification of certain race horses as 3-year property. 
  o  Section 40305, relating to the extension of 7-year recovery period for motor-sports entertainment complexes. 
  o  Section  40306,  relating  to  the  extension  of  accelerated  depreciation  for  business  property  on  an  Indian 
   reservation. 
  o  Section 40412, relating to the extension of special allowance for second generation biofuel plant property. 
• Section 101 (c) of division T of P.L. 115-141, relating to the application of section 199 to certain qualified pay-
  ments paid after 2017 for payments received by a patron from a specified agricultural or horticultural cooperative 
  for qualified production activities income  
• Sections 101 (d) and (e), 102, 201 to 207, 301, 302, and 401 (a) (47) and (195), (b) (13), (17), (22) and (30), and 
  (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II) of division U of P.L. 115-141: 
  o  Sections 101 (d) and (e) and 102, relating to technical corrections to bonus depreciation, alternative minimum 
   tax requirements for qualified Indian reservation property, and qualified production activities income made by 
   the Protecting Americans from Tax Hikes Act of 2015 and the Consolidated Appropriations Act, 2016. 
  o  Sections 201 to 207 relating to partnership audit rules. 
  o  Sections 301 and 302, relating to amendments to regulatory requirements for partnership returns and the 
   definition of qualified small power production facilities made by the Bipartisan Budget Act of 2015 and the 
   Energy Policy Act of 2005. 
  o  Section 401 (a) (47) and (195), (b) (13), (17), (22) and (30), and (d) (1) (D) (v), (vi), and (xiii) and (xvii) (II), 
   relating to clerical corrections and deadwood-related provisions to the following: exempt facility bonds, tax-
   exempt  enterprise  zone  facility  bonds,  the  special  allowance  for  qualified  disaster  assistance  property, 
   reducing the dividends received deduction where portfolio stock is debt financed, exemption from tax on 
   corporations,  certain  trusts,  etc.,  requirements  of  domestic  international  sales  corporations,  dividends 
   received by corporations, rules applied to deductions for dividends received,  the foreign tax credit, and 
   dividends received by corporations.  
• Sections 104, 114, 115, 116, 130, and 145 of division Q of P.L. 116-94: 
  o  Section 104, relating to the deduction of qualified tuition and related expenses. 
  o  Section 114, relating to the classification of certain race horses as 3-year property. 
  o  Section 115, relating to the 7-year recovery period for motorsports entertainment complexes. 
  o  Section 116, relating to the accelerated depreciation for business property on Indian reservations. 
  o  Section 130, relating to special allowance for second generation biofuel plant property. 
  o  Section 145, relating to look-thru rule for related controlled foreign corporations. 
• Sections 2304 and 2306 of P.L. 116-136: 
  o  Section 2304, relating to the modification of limitations on losses for taxpayers other than corporations. 
  o  Section 2306, relating to the modifications of limitation on business interest. 
• Sections 111, 114, 115, 116, 118 (a) and (d), 133, 137, 138, and 210 of division EE of P.L. 116-260: 
  o  Section 111, relating to the look-thru rule for related controlled foreign corporations. 

IC-102 (R. 10-24)                                                   11 

                                    2024 Wisconsin Form 4T Instructions 

  o  Section  114,  relating  to  the  exclusion  from  gross  income  of  discharge  of  qualified  principal  residence 
    indebtedness. 
  o  Section 115, relating to the 7-year recovery period for motorsports entertainment complexes. 
  o  Section 116, relating to the expensing rules for certain productions. 
  o  Section 118 (a) and (d), relating to empowerment zone tax incentives. 
  o  Section 133, relating to the treatment of mortgage insurance premiums as qualified residence interest. 
  o  Section 137, relating to the classification of certain racehorses as 3-year property. 
  o  Section 138, relating to the accelerated depreciation for business property on Indian reservations. 
• Section 210, relating to temporary allowance of full deduction for business meals. Sections 5003, 9041, 9673, 
  9675, and 9708 of P.L. 117-2. 
  o Section 5003, relating to additional restaurant revitalization grant funds. 
  o Section  9041,  relating  to  the  excess  business  loss  limitation  extension  for  noncorporate  taxpayers  to 
    December 31, 2026.         
  o Section 9673, relating to restaurant revitalization grants not being included in gross income and deductions 
    allowed. 
  o Section 9675, relating to the exclusion from income for most student loans discharged after December 31, 
    2020, and before January 1, 2026. 
  o Section  9708,  relating  to  the  expanded  definition  of  "covered  employee"  for  publicly  held  corporations 
    deducting excessive employee remuneration. 
• Section 13903(b) of P.L. 117-169, relating to the extension of the excess business loss limitation for noncorporate 
  taxpayers through December 31, 2028. 
 
Other Exceptions to Internal Revenue Code 

The following federal provisions in effect as of December 31, 2022, are specifically excluded for Wisconsin franchise 
and income tax purposes: 

Depreciation and Bonus Depreciation 
 
For taxable years beginning on or after January 1, 2014, for purposes of computing depreciation, depletion, and 
amortization, the Internal Revenue Code means the federal Internal Revenue Code in effect on January 1, 2014. 
 
The provision that property required to be depreciated for taxable year 1986 under the Internal Revenue Code as 
amended to December 31, 1980, to continue to be depreciated under the Internal Revenue Code as amended to 
December 31, 1980, is limited to taxable years beginning before January 1, 2014. 

Wisconsin has not adopted federal bonus depreciation provisions.  For Wisconsin purposes, depreciation, de-
pletion, and amortization is computed based on the Internal Revenue Code in effect on January 1, 2014. 

Section 179 Expense 

Wisconsin has adopted federal section 179 expense provisions. For taxable years beginning on or after January 1, 
2014, sections 179, 179A, 179B, 179C, 179D, and 179E of the Internal Revenue Code, related to expensing of 
depreciable business assets, apply for Wisconsin tax purposes. "Internal Revenue Code" means the federal Internal 
Revenue Code in effect for the year in which the property is placed in service. 

Accounting for Differences 

Adjustments may be necessary to account for differences between federal and Wisconsin taxable income because 
of the items described above. Exempt organizations show these adjustments on Part 1 and Part 2. See the instruc-
tions for line 1 for details. 
 
IC-102 (R. 10-24)                                                     12 

                                      2024 Wisconsin Form 4T Instructions 

Line-by-Line Instructions for Form 4T 

You must complete pages 1 and 2 of Form 4T and make appropriate entries on page 3. Do not enter “See attached” 
instead of completing the entry spaces. If more space is needed, use separate sheets using the same size and format 
as the printed forms. 

Round cents to the nearest whole dollar by eliminating amounts less than 50 cents and increasing amounts from 50 
cents through 99 cents to the next higher dollar. 

The name and address information should be written on single lines.  Do not stack the information on the lines. If 
more room is needed, abbreviate where possible.   

Do not write "None" on the amount lines if there is not an entry for the lines.  Instead, leave the lines blank.   

Caution: Federal  line numbers referred to on Form  4T and  in these instructions may change  if  the IRS makes 
changes to their forms after this form is finalized. 

Items A Through J 

Before completing items A through J, fill in the exempt organization’s 2024 taxable year at the top of the form and 
the organization’s name and address. If the organization dissolved, enter the date of dissolution as the ending date 
of the 2024 taxable year. 

■ Item A. Federal Employer Identification Number – Enter the exempt organization’s federal employer identifica-
tion number (EIN). If you haven’t yet applied for a federal EIN, you may do so by filing federal Form SS-4 with the 
IRS, calling the IRS’s toll-free number at (800) 829-4933, or applying online at http://www.irs.gov/Businesses/Small-
Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online. 

■ Item B. Business Activity (NAICS) Code – Enter the organization’s principal business activity code, based on the 
North American Industry Classification System (NAICS), from your federal return. If your federal return is a consoli-
dated return, go to census.gov/naics/ to find the NAICS code for your principal business activity. 

■ Item C. State and Year of Organization – Enter the 2-letter postal abbreviation for the state (or name of the foreign 
country) under whose laws the organization was formed or organized and the year of formation or organization.  

■ D1. Amended Return – Check here if this is an amended return. Include Schedule AR detailing the lines you are 
changing and any supporting form or schedule. 

■ D2. First Return – Check here if this is the first year that you are filing a Wisconsin return because the corporation 
wasn’t in existence or didn’t do business in Wisconsin in prior years. 

■ D3. Final Return – If the corporation ceased to exist or withdrew from Wisconsin during the year and will no longer 
be filing Form 4T, check here and submit a copy of your plan of liquidation and federal Form 966 if the corporation 
liquidated.  

Note: checking this box will not close all your accounts with the department; only the corporation account will close. 

■ D4-5. Short Period – Indicate that a short period return is being filed due to a change in the corporation’s account-
ing period or a stock purchase or sale by checking the appropriate line. 

Be sure to use the correct year's tax return when filing for a short period.  If the tax returns are not yet available, wait 
until the returns become available and file under extension.  For example, if a taxpayer has a short period from 
January 1, 2025 through February 28, 2025, the 2025 Form 4T will not be ready by July 15, 2025 (unextended due 
date for a February 28 year-end).  Wisconsin law follows the federal extension provisions but provides for an addi-
tional 30-day extension beyond the federal extension, so filing under extension will allow the correct years return to 
be filed when the 2025 Form 4T is available (typically November 1).  Note that an extension does not extend the time 
to pay a balance due.  To avoid interest charges, pay the amount due by the unextended due date. 

IC-102 (R. 10-24)                                               13 

                                        2024 Wisconsin Form 4T Instructions 

■ Item E. Extended Due Date – Check here if the exempt organization has an extension of time to file its Wisconsin 
return and enter the extended due date. 

Disaster Relief Extension. If you are filing under extension because of a federal or state disaster, include a state-
ment indicating which disaster extension you are using and attach it to your return. Additional information on disaster 
areas can be found here:  revenue.wi.gov/Pages/FAQS/pcs-extensn.aspx#ext5 
 
■ Item F. Schedule RT Required – Check here if the exempt organization is filing Schedule RT, Wisconsin Related 
Entity Expenses Disclosure Statement, with its return. Schedule RT is generally required if the exempt organization 
pays, accrues, or incurs more than $100,000 of expenses to a related person or entity in the taxable year. See the 
Schedule RT instructions for details of the requirement to file Schedule RT. 

■ Item G. Name Change - Check here if the organization changed its name during the taxable year.   

■ Item H. Internal Revenue Service Adjustment – If an organization’s federal tax return is adjusted by the IRS and 
the adjustments affect the Wisconsin net tax payable, the amount of a Wisconsin credit, a Wisconsin net business 
loss carryforward, or a Wisconsin capital loss carryforward, you must report the adjustments to the Department of 
Revenue within 180 days after they become final. 

Send a copy of the final federal audit reports and any associated amended Wisconsin returns to the Wisconsin De-
partment  of  Revenue,  PO  Box  8908,  Madison,  WI  53708-8908.  If  submitting  a  federal  audit  report  without  an 
amended return, mail it to the Audit Bureau, Wisconsin Department of Revenue, Mail Stop 3-107, PO Box 8906, 
Madison, WI 53708-8906. Don’t include these items with the tax return for the current year. 

■ Item I. Type of Organization – Check the line that indicates how the organization will be taxed. Failure to check 
the proper box may result in the incorrect processing of your return. 

■ Item J. Name of Trustee – Enter the name of the trustee if the organization is taxable as a trust. 

 NOTE: Lines 1 through 13 are only for exempt organizations taxable as corporations. Exempt organizations taxable 
 as trusts must skip lines 1 through 13 and begin on line 14. 
                                                                                                                           
Lines 1 Through 13 - Organizations Taxable as Corporations 

■ Line 1. Federal Unrelated Business Taxable Income – Enter the amount from federal Form 990-T, Part I, line 
11. This is federal unrelated business taxable income after the net operating loss deduction and special deductions. 
All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the 
winning tickets were originally bought in Wisconsin  must be reported to Wisconsin. 

Tax-exempt corporations are required to make adjustments to Part 1 -      Additions and Part 2 - Subtractions on Form 
4T unless the adjustments are not required because of how the exempt entity computes its unrelated business taxable 
income under IRC sec. 512.   

If any changes to the IRC or depreciation or amortization differences described above affect the computation of 
federal unrelated business taxable income but don’t apply for Wisconsin purposes, enter the adjustments on lines 2 
or 4. 

■ Line 2 – Additions – Enter the total additions from Part 1 on page 3.  

Instructions for how to complete Part 1 - Additions: 

• Line 1. Interest Income – Enter interest income, less related expenses, received on state and municipal obliga-
  tions that was excluded from federal unrelated business taxable income, except interest which is by law exempt 
  from Wisconsin taxation. Enter only the state or municipal interest that is considered unrelated business taxable 
  income. 

IC-102 (R. 10-24)                                                      14 

                                         2024 Wisconsin Form 4T Instructions 

• Line 2. State Taxes – Enter the amount of taxes deducted from federal unrelated business taxable income under 
  IRC section 164. 
• Line 3. Capital Gains and Losses –     For corporations, capital losses are allowed in the current taxable year only 
  to the extent of capital gains. 
• Line 4. Net Operating Loss Carryover – Enter the amount of any federal net operating loss carryover. 
• Lines 5. Related Entity Expenses –     An exempt organization taxable as a corporation must make an addition 
  modification to “add back” management fees, intangible expenses, interest expenses, or rental expenses that are 
  paid, accrued, or incurred to a related entity. These expenses must generally also be disclosed on Schedule RT. 
  See page 3 of the Schedule RT instructions for further details of the expenses required to be disclosed on Schedule 
  RT and added back to income on Part 1 of Schedule RT. 

  After the corporation makes this addition modification, the corporation uses Part II of Schedule RT to determine if 
  it is eligible for a deduction for any of the amount added back. The corporation then makes a subtraction modifica-
  tion on Part 2 in the amount it is eligible to deduct. 
  If the corporation is a partner, member, or beneficiary of a pass-through entity, also include the amount of modifi-
  cation included on line 22a of Schedule 3K-1 and line 14a of Schedule 2K-1, as applicable. 
• Line 6. Reserved for Future Use  
• Line 7. Transitional Adjustments – Transitional adjustments are not applicable for organizations taxable as cor-
  porations.  
• Line 8. Credits Includable in Income – For certain credits, you must include the credit amount in your income. 
  Enter on line 8 the total of the following credit amounts, if applicable: 

                                  Credit                                                Schedule 
    Business Development Credit                                            Schedule BD 
    Community Rehabilitation Program Credit                                Schedule CM 
    Development Zones Credits                                              Schedule DC 
    Economic Development Tax Credit                                        Schedule ED 
    Electronics and Information Technology Manufacturing 
                                                                           Schedule EIT 
    Zone Credit 
    Employee College Savings Account Contribution Credit                   Schedule ES 
    Enterprise Zone Jobs Credit                                            Schedule EC 
    Farmland Preservation Credit                                           Schedules FC & FC-A 
                                                                            
    Manufacturing & Agriculture Credit                                     2023 Schedule MA-M and Schedule MA-A 
    Reserve for Future Use                                                 N/A 
    Research Expense Credit                                                Schedule R 
    Reserved for Future Use                                                N/A 
 
o Line 9. Other Additions – Enter any other amount subject to Wisconsin taxation, less any expense amount allo-
  cable to it, which has been excluded or deducted in the computation of federal unrelated business taxable income:  
  o  Enter all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery 
    prizes if the tickets were originally bought in Wisconsin. 
  o  Adjustments required because of changes made to the Internal Revenue Code which don't apply for Wis-
    consin.  Refer to the list of provisions of the Internal Revenue Code not adopted by Wisconsin above for items 
    that may require adjustment.  
  o Moving expenses, as defined in sec. 71.01 (8j), Wis. Stats., paid or incurred during the taxable year to move 
    the taxpayer’s Wisconsin business operation, in whole or in part, to a location outside the state or to move the 
    taxpayer’s business operations outside the United States may not be deducted as provided under the Internal 

IC-102 (R. 10-24)                                                       15 

                                     2024 Wisconsin Form 4T Instructions 

   Revenue Code. 
 
■ Line 4 – Subtractions – Enter the total subtractions from Part 2 on page 3. 

Instructions for how to complete Part 2 - Subtractions: 

• Line 1. Interest Income – Enter interest and dividend income, less related expenses, received on obligations and 
  certain securities of the United States government that was included in federal unrelated business taxable income 
  and is exempt from state income taxation. 
• Line 2. Capital Gains and Losses For corporations, capital losses are allowed in the current taxable year only to 
  the extent of capital gains. 
• Line 3. Net Operating Loss Carryforward – Enter the amount of any Wisconsin net operating loss carryforward. 
  The Wisconsin net operating loss is the federal net operating loss plus or minus modifications required for Wiscon-
  sin tax purposes. Net operating losses from years before the exempt organization became subject to Wisconsin 
  income taxation can’t be included on line 3. 
• Line 4. Related Entity Expenses – An exempt organization taxable as a corporation must make an addition mod-
  ification to “add back” management fees, intangible expenses, interest expenses, or rental expenses that are paid, 
  accrued, or incurred to a related entity if that interest was deducted from federal unrelated business taxable income. 
  The “addback” is reported on Part 1, line 5. After the corporation makes this addition modification, it completes Part 
  II of Schedule RT to determine if it is eligible for a deduction for any of the amount added back. The corporation 
  then makes a subtraction modification on Part 2, line 4, for the amount it is eligible to deduct. See the Schedule RT 
  instructions for details of the conditions necessary to claim this subtraction. 
   
  If the corporation is a partner, member, or beneficiary of a pass-through entity, also include the amount of modifi-
  cation included on line 22a of Schedule 3K-1 and line 14a of Schedule 2K-1, as applicable. 
• Line 6. Transitional Adjustments – Transitional adjustments are not applicable for organizations taxable as cor-
  porations. 
• Line 7. Other Subtractions – Enter any amount not subject to Wisconsin taxation that was included in federal 
  unrelated business taxable income, or any deduction allowed for Wisconsin that wasn’t deducted federally (such 
  as development zones investment credit recaptured):  
  o  Include on line 6 any income that was included in federal unrelated business taxable income but not sourced 
   to Wisconsin. 
  o  Adjustments required because of changes made to the Internal Revenue Code which don't apply for Wiscon-
   sin.  Refer to the list of provisions of the Internal Revenue Code not adopted by Wisconsin for items that may 
   require adjustment.  
    
■ Line 5. Nonapportionable and Separately Accounted Income –  

Nonapportionable Income – Form N: 

Nonapportionable income is that income which is allocable directly to a particular state. It includes income or loss 
derived from the sale of nonbusiness real or tangible personal property or from rentals and royalties from nonbusiness 
real or tangible personal property. This income is assigned to the state where the property is located. 

All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the 
winning tickets were originally bought in Wisconsin shall be allocated to Wisconsin. 

IC-102 (R. 10-24)                                                    16 

                                  2024 Wisconsin Form 4T Instructions 

Except for income from lottery prizes described above, the intangible income of a personal holding company is non-
apportionable and is assigned to the state of incorporation. 

Total nonapportionable income (loss) is removed from total company net income before the apportionment percent-
age is applied using Form N. The Wisconsin nonapportionable income (loss) is then combined with the Wisconsin 
apportionable income to arrive at Wisconsin net income. 

Separate Accounting – Forms C and N: 

If using the separate accounting method, don’t complete lines 5 through 9. An exempt organization engaged in a 
nonunitary business in and outside Wisconsin must determine the amount of income attributable to Wisconsin by 
separate accounting. The exempt organization uses FormWisconsinC,      Allocation and Separate Accounting Data, 
to compute the amount attributable to Wisconsin by separate accounting and uses Form N, Wisconsin Nonappor-
tionable, Separately Accounted, and Separately Apportioned Income, to report the separate accounting amount. This 
is because the income determined under separate accounting from Form C, line 16 is entered on Form N, line 6. A 
nonunitary business is one in which the operations in Wisconsin aren’t dependent upon or contributory to the opera-
tions outside Wisconsin. Under separate accounting, the exempt organization must keep separate records of the 
sales, cost of sales, and expenses for the Wisconsin business.         

■ Lines 6 through 8. Apportionment Data – If using the apportionment method, complete one of the following 
schedules to compute the apportionment percentage: 

• Schedule A-01, Wisconsin Single Sales Factor Apportionment Data for Nonspecialized Industries 
• Schedule A-02, Wisconsin Apportionment Percentage for Interstate Financial Institutions,  
• Schedule A-03, Wisconsin Apportionment Percentage for Interstate Motor Carriers    ,  
• Schedule A-04, Wisconsin Apportionment Percentage for Interstate Telecommunications Companies,  
• Schedule A-05, Wisconsin Premiums Factor for Insurance Companies,  
• Schedule A-06, Wisconsin Receipts Factor for Interstate Brokers-Dealers, Investment Advisors, Investment Com-
  panies, and Underwriters,  
• Schedule A-07, Wisconsin Apportionment Percentage for Interstate Air Carriers,  
• Schedule A-08, Wisconsin Apportionment Percentage for Broadcasters,  
• Schedule A-09, Wisconsin Apportionment Percentage for Interstate Railroads,  
• Schedule A-10,Wisconsin Apportionment Percentage for Interstate Pipeline Companies,   or
• Schedule A-11, Wisconsin Apportionment Percentage for Interstate Air Freight Forwarders Affiliated with a Direct 
  Air Carrier  

■ Line 9. Wisconsin nonapportionable and Separately Accounted Income –  

Nonapportionable Income – Form N: 

Nonapportionable income is that income which is allocable directly to a particular state. It includes income or loss 
derived from the sale of nonbusiness real or tangible personal property or from rentals and royalties from nonbusiness 
real or tangible personal property. This income is assigned to the state where the property is located. 

All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the 
winning tickets were originally bought in Wisconsin shall be allocated to Wisconsin. 

Except for income from lottery prizes described above, the intangible income of a personal holding company is non-
apportionable and is assigned to the state of incorporation. 

Total nonapportionable income (loss) is removed from total company net income before the apportionment percent-
age is applied using Form N. The Wisconsin nonapportionable income (loss) is then combined with the Wisconsin 
apportionable income to arrive at Wisconsin net income. 

IC-102 (R. 10-24)                                                  17 

                                2024 Wisconsin Form 4T Instructions 

Separate Accounting – Forms C and N: 

If using the separate accounting method, don’t complete lines 5 through 9. An exempt organization engaged in a 
nonunitary business in and outside Wisconsin must determine the amount of income attributable to Wisconsin by 
separate accounting. The exempt organization uses FormWisconsinC,        Allocation and Separate Accounting Data  , 
to compute the amount attributable to Wisconsin by separate accounting and uses Form N, Wisconsin Nonappor-
tionable, Separately Accounted, and Separately Apportioned Income, to report the separate accounting amount. This 
is because the income determined under separate accounting from Form C, line 16 is entered on Form N, line 6. A 
nonunitary business is one in which the operations in Wisconsin aren’t dependent upon or contributory to the opera-
tions outside Wisconsin. Under separate accounting, the exempt organization must keep separate records of the 
sales, cost of sales, and expenses for the Wisconsin business. 

■ Line 11. Gross Tax – Enter 7.9% of the Wisconsin unrelated business taxable income reported on line 10. 

■ Line 12. Nonrefundable Credits – Enter any nonrefundable credits the exempt organization is claiming from 
Schedule CR. However, you may not offset these credits against the economic development surcharge. If you are 
claiming more than one credit, you must claim the credits in a specific order. To receive any credits, the taxpayer 
must include the appropriate credit computation schedules. See the Schedule CR instructions for details. 

If you are using credits carried forward from prior years or have current year unused credits that are being carried 
forward, complete and include a Schedule CF for each credit.   

To determine if the organization qualifies for any credits, see Publication 123, Business Tax Incentives, which is 
available on the Department of Revenue’s web site at revenue.wi.gov/html/taxpubs.html. 

■ Line 13. Net Tax – Subtract line 12 from line 11.  If line 12 is greater than line 11, enter zero (0). 
 
Lines 14 Through 23 - Organizations Taxable as Trusts 

■ Line 14. Federal Unrelated Business Taxable Income  – Enter the amount from federal Form 990-T, Part I, line 
11. However, if the trust is required to file Form 4720, enter the amount of federal unrelated business taxable income 
as computed in the supporting schedules to Form 4720. The amount on line 14 should be after applying the net 
operating loss deduction and special deductions. 

 CAUTION: If any changes to the Internal Revenue Code or differences described earlier affect the computation of 
 federal unrelated business taxable income but don’t apply for Wisconsin purposes, account for the differences on 
 Parts 1 and 2 on page 3. 
                                                                                                                   
■ Line 15. Trust Additions – Federal unrelated business taxable income on Form 4T, line 14, may include items 
that aren’t deductible for Wisconsin tax purposes, or it may not  include items that are taxable for Wisconsin tax 
purposes. Complete Part 1 on page 3 and enter the total to account for these differences. 

Instructions for how to complete Part 1 - Additions: 

• Line 1. Interest Income – Enter interest income, less related expenses, received on state and municipal obliga-
  tions that was excluded from federal unrelated business taxable income, except interest which is by law exempt 
  from Wisconsin taxation. Enter only the state or municipal interest that is considered unrelated business taxable 
  income. 
• Line 2. State Taxes – Enter the amount of taxes deducted from federal unrelated business taxable income under 
  IRC section 164. 

IC-102 (R. 10-24)                                                     18 

                                        2024 Wisconsin Form 4T Instructions 

• Line 3. Capital Gains and Losses – If federal unrelated business taxable income includes capital gains or losses, 
  complete Wisconsin Schedule 2WD (Form 2) to determine if an adjustment is necessary to arrive at Wisconsin 
  unrelated business taxable income.  
• Line 4. Net Operating Loss Carryover – Enter the amount of any federal net operating loss carryover. 
• Lines 5. Related Entity Expenses – An exempt organization taxable as a trust must make an addition modification 
  to “add back” management fees and intangible, interest or rental expenses paid, accrued, or incurred to a related 
  entity. These expenses must generally also be disclosed on Schedule RT. See the Schedule RT instructions for 
  further details of the expenses required to be disclosed on Schedule RT and added back to income on Part 1. 

   After the trust makes this addition modification, the trust uses Part II of Schedule RT to determine if it is eligible 
   for a deduction for any of the amount added back. The trust then makes a subtraction modification on Part 2 in 
   the amount it is eligible to deduct. 
   If the trust is a partner, member, beneficiary, or shareholder of a pass-through entity, also include the amount of 
   modification included on line 22a of Schedule 3K-1; line 14a of Schedule 2K-1; and line 18a of Schedule 5K-1, 
   as applicable. 
•  Line 6. Reserved for Future Use  
•  Line 7. Transitional Adjustments – Enter any transitional adjustments required by sec. 71.05(13), Wis. Stats., 
   to account for differences between the federal and Wisconsin bases of changing basis assets (those subject to 
   depreciation or amortization). Include a schedule showing the computation of each transitional adjustment made. 
•  Line 8. Credits Includable in Income – For certain credits, you must include the credit amount in your income. 
   Enter on line 8 the total of the following credit amounts, if applicable: 

                             Credit                                                    Schedule 
    Business Development Credit                                           Schedule BD 
    Community Rehabilitation Program Credit                               Schedule CM 
    Development Zones Credits                                             Schedule DC 
    Economic Development Tax Credit                                       Schedule ED 
    Electronics and Information Technology Manufacturing 
                                                                          Schedule EIT 
    Zone Credit 
    Employee College Savings Account Contribution Credit                  Schedule ES 
    Enterprise Zone Jobs Credit                                           Schedule EC 
    Farmland Preservation Credit                                          Schedules FC & FC-A 
    Manufacturing & Agriculture Credit                                    2023 Schedule MA-M and Schedule MA-A 
    Reserved for Future Use                                               N/A 
    Research Expense Credit                                               Schedule R 
    Reserved for Future Use                                               N/A 
   
o Line 9. Other Additions – Enter any other amount subject to Wisconsin taxation, less any expense amount allo-
  cable to it, which has been excluded or deducted in the computation of federal unrelated business taxable income:  
  o  Enter all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery 
    prizes if the tickets were originally bought in Wisconsin. 
     
  o  Adjustments required because of changes made to the Internal Revenue Code which don't apply for Wis-
    consin.  Refer to the list of provisions of the Internal Revenue Code not adopted by Wisconsin for items that 
    may require adjustment.  
  o Moving expenses, as defined in sec. 71.01 (8j), Wis. Stats., paid or incurred during the taxable year to move 
    the taxpayer’s Wisconsin business operation, in whole or in part, to a location outside the state or to move 
    the taxpayer’s business operations outside the United States may not be deducted as provided under the 

IC-102 (R. 10-24)                                                      19 

                                     2024 Wisconsin Form 4T Instructions 

   Internal Revenue Code. 
    
■ Line 17. Trust Subtractions – Federal unrelated business taxable income on Form 4T, line 14, may not include 
items that are deductible for Wisconsin tax purposes, or it may include items that aren’t taxable for Wisconsin pur-
poses. Complete Part 2 on page 3 and enter the total.  
 
Instructions for how to complete Part 2 - Subtractions: 

• Line 1. Interest Income – Enter interest and dividend income, less related expenses, received on obligations and 
  certain securities of the United States government that was included in federal unrelated business taxable income 
  and is exempt from state income taxation. 
• Line 2. Capital Gains and Losses – If federal unrelated business taxable income includes capital gains or losses, 
  complete Wisconsin Schedule 2WD (Form 2) to determine if an adjustment is necessary to arrive at Wisconsin 
  unrelated business taxable income. For example, an adjustment may be required because Wisconsin law allows 
  an exclusion of 30% of the net capital gain from assets held more than one year (60% on farm assets held more 
  than one year and on all farm assets acquired from a decedent). 
• Line 3. Net Operating Loss Carryforward – Enter the amount of any Wisconsin net operating loss carryforward. 
  The Wisconsin net operating loss is the federal net operating loss plus or minus modifications required for Wiscon-
  sin tax purposes. Net operating losses from years before the exempt organization became subject to Wisconsin 
  income taxation can’t be included on line 3. 
• Line 4. Related Entity Expenses – An exempt organization taxable as a trust must make an addition modification 
  to “add back” management fees, intangible expenses, interest expenses, or rental expenses that are paid, accrued, 
  or incurred to a related entity if that interest was deducted from federal unrelated business taxable income. The 
  “addback” is reported on Part 1, line 5. After the exempt organization makes this addition modification, it completes 
  Part II of Schedule RT to determine if it is eligible for a deduction for any of the amount added back. The exempt 
  organization then makes a subtraction modification on Part 2, line 4, for the amount it is eligible to deduct. See the 
  Schedule RT instructions for details of the conditions necessary to claim this subtraction. 
  If the exempt organization is a partner, member, beneficiary, or shareholder of a pass-through entity, also include 
  the amount of modification included on line  22b of Schedule 3K-1, line 14b of Schedule 2K-1, and line 18b of 
  Schedule 5K-1, as applicable. 
• Line 6. Transitional Adjustments – Enter any transitional adjustment required by sec. 71.05(13), Wis. Stats., to 
  account for differences between the federal and Wisconsin bases of changing basis assets (those subject to de-
  preciation or amortization). Include a schedule showing the computation of each transitional adjustment.  
• Line 7. Other Subtractions –  Enter any amount not subject to Wisconsin taxation that was included in federal 
  unrelated business taxable income, or any deduction allowed for Wisconsin that wasn’t deducted federally (such 
  as development zones investment credit recaptured):  
  o  Include on line 6 any trust income that was included in federal unrelated business taxable income but not 
   sourced to Wisconsin. 
  o  Adjustments required as a result of changes made to the Internal Revenue Code which don't apply for Wis-
   consin.  Refer to the list of provisions of the Internal Revenue Code not adopted by Wisconsin for items that 
   may require adjustment.  
 
IC-102 (R. 10-24)                                                     20 

                                       2024 Wisconsin Form 4T Instructions 

■ Line 19. Gross Tax – Compute the tax on the Wisconsin unrelated business taxable income on line 18 using the 
tax table located in the instructions. 

■ Line 20. Nonrefundable Credits – Enter any nonrefundable credits the exempt organization is claiming from 
Schedule CR. However, you may not offset these credits against the economic development surcharge. If you are 
claiming more than one credit, you must claim the credits in a specific order. To receive any credits, the taxpayer 
must include the appropriate credit computation schedules. See the Schedule CR instructions for details. 

To determine if the organization qualifies for any credits, see Publication 123, Business Tax Incentives  , which is 
available on the Department of Revenue’s web site at revenue.wi.gov/html/taxpubs.html. 

■ Line 21. Net Income Tax Paid to Other States – Wisconsin resident trusts may claim a credit for income tax paid 
to another state or the District of Columbia, subject to the following requirements. 

•  The income taxed by the other state must be included in Wisconsin unrelated business taxable income, 
•  The credit claimed must be for the net amount of tax paid to the other state (this may be more or less than the 
  amount paid as estimated tax), and 
•  A copy of Wisconsin Schedule OS and the other state’s tax return must be included with Form 4T. 

See Wisconsin Schedule OS for more information. 

Lines 25 Through 41 

■ Line 25. Economic Development Surcharge –      Compute the surcharge as explained below. For further infor-
mation, see Publication 400, Wisconsin’s Economic Development Surcharge. 

Exempt organizations taxable as corporations: Enter the greater of $25 or 3% (0.03) of the gross tax on line 11, 
but not more than $9,800. Note:  The economic development surcharge does not apply to exempt organizations 
taxable as corporations that have less than $4 million of gross receipts from all unrelated trade or business activities 
for federal income tax purposes. 

■ Line 26. Endangered Resources Donation – (For exempt organizations taxable as corporations. )           Your donation 
supports the preservation and management of more than 200 endangered and threatened Wisconsin plants and 
animals. It also helps protect Wisconsin’s finest remaining examples of prairies, forests, and wetlands. Support en-
dangered resources in Wisconsin. Fill in line 26 with the amount you wish to donate. Your gift will either reduce your 
refund or be added to tax due.  

You  can  also  make  an  online  donation  at  the  following  web  site:      https://www.billerpayments.com/app/donation-
sui/?bsn=swidnrdonations#/donations/payment 

You can also send a check directly to the Endangered Resources Fund, Department of Natural Resources, PO Box 
7921, Madison WI 53707-7921. 

■ Line 27. Veterans Trust Fund Donation – You may designate an amount as a veteran's trust fund donation. Your 
donation will be used by the Wisconsin Department of Veterans Affairs for the benefit of veterans or their dependents. 
Fill in line 27 with the amount you wish to donate. Your donation will either reduce your refund or be added to tax 
due. 

■ Line 29. Estimated Tax Payments – Enter estimated tax payments made or overpayments applied from prior 
years’ returns. Subtract any “quick refund” applied for on Form 4466W.  

■ Line 30. Wisconsin Tax Withheld –    Enter your share of Wisconsin tax withheld from pass-through entities of 
which you are a member, as reported on Wisconsin Schedules 2K-1, 3K-1, or 5K-1. Include a copy of the Schedule 
2K-1, 3K-1, or 5K-1 with the tax return that you file. Also enter the amount of Wisconsin tax withheld from lottery 
prizes. 

IC-102 (R. 10-24)                                                            21 

                                     2024 Wisconsin Form 4T Instructions 

If this is an amended return, enter the Wisconsin tax withheld reported on your original return, unless the amount you 
originally reported was incorrect. 

■ Line 31. Refundable Credits –    Enter any refundable credits the exempt organization is claiming from Schedule 
CR. To determine if the organization qualifies for any credits, see Publication 123, Business Tax Incentives (available 
at revenue.wi.gov/html/taxpubs.html). To claim a credit, complete the appropriate credit schedule as instructed by 
Publication 123, enter the credit amount on the appropriate line of Schedule CR, and include the credit schedule and 
Schedule CR with your return. 

■ Line 32. Amended Return - Amount Previously Paid - Complete this line only if this is an amended 2024 Form 
4T.  Fill in the amount of tax you paid with your original Form 4T plus any additional amounts paid after it was filed. 

If you did not pay the full amount shown on your original Form 4T, fill in only the portion that you actually paid. Also, 
include any additional tax that may have resulted if your original return was changed or audited. This includes addi-
tional tax paid with a previously filed 2024 amended return and additional tax paid because of a department adjust-
ment to your return. Do not include payments of interest or penalties. 

■ Line 34. Amended Return - Amount Previously Refunded - Complete this line only if this is an amended 2024 
Form 4T. Fill in the refund from your original 2024 return (not including the amount applied to your 2025 estimated 
tax).  

If your refund was reduced because you owed underpayment interest or any penalties, fill in the amount of your 
refund before the reduction for underpayment interest or penalty. If your 2024 return was adjusted by the department, 
fill in the refund shown on the adjustment notice you received. If the adjustment notice shows a tax due rather than 
a refund, complete line 32 instead of line 34. 

■ Line 36. Interest, Penalty, and Late Fee Due – Enter any interest, penalty, and late fee due from Form U, line 17 
or 26; or Schedule U, line 15 or 29. Check the space after the arrow line if you computed underpayment interest using 
the annualized income installment method on Form U, page 2. 

If you are filing an amended return and you were previously assessed interest for underpayment of estimated taxes, 
complete an amended Form U, Part I, or Schedule U based on the total of the amounts shown on Form 4T, lines 24 
and 25. Enter the difference between the underpayment interest from the amended Form U, line 17, or Schedule U 
line 15 or 29, and the amount you previously paid on Form 4T, line 36. Show an overpayment as a negative number. 
Include Form U or Schedule U with your amended return. Otherwise, leave line 36 blank. The department will com-
pute interest on the amount of refund approved or tax owed. 

■ Line 37. Amount Due – If the total of lines 28 and 36 is larger than line 35, subtract line 35 from the total of lines 
28 and 36. Pay by electronic funds transfer or mail your check with a 2024 Form Corp-ES,  Corporation Estimated 
Tax Voucher, to the address shown on the voucher. Otherwise, use paper clips to fasten your check to the front 
of Form 4T. 

■ Line 38. Overpayment – If line 35 is larger than the total of lines 28 and 36, subtract the total of lines 28 and 36 
from line 35. 

 NOTE: If you must recapture development zones investment credits because the property is disposed of or ceases 
 to be qualified property before the end of the recapture period, add the amount from the schedule on page 5 of the 
 Schedule DC instructions to the tax due on line 37 or reduce the overpayment on line 38. 
                                                                                                                         
■ Line 39.  2025 Estimated Tax     – Enter the amount of any overpayment from line 38 that is to be credited to the 
organization’s 2025 estimated tax. The balance of any overpayment will be refunded. 

Changing an Election to Apply a Refund to Estimated Tax 
 
Sections 71.09(7) and 71.29(3), Wis. Stats., provide an election to apply all or a portion of a claimed refund to the 
following year's estimated tax payments, if the refund has not been paid or applied elsewhere (for example, against 

IC-102 (R. 10-24)                                                        22 

                                       2024 Wisconsin Form 4T Instructions 

a delinquent tax liability).  
 
An election to apply a refund to estimated tax may be changed to: 
  • request payment of the refund, 
  • credit the refund against an amended return tax liability for any year, or 
  • credit the refund against a notice of amount due for any year. 
 
For individual and fiduciary income tax, notification of a change in election must occur on or before the due date 
of the final estimated tax installment payment (January 15, 2025, for a calendar-year filer). 
 
For corporation franchise and income tax, notification of a change in election must occur on or before the unextended 
due date of the following year's tax return or before the following year's tax return is filed, whichever is earlier. 
 
The change in election must be in writing. You can file an amended return or send an email, fax, or letter to: 
 
Fiduciaries: 
•   DOREstateandFiduciary@revenue.wi.gov 
•   Fax: (608) 267-0834 
•   Wisconsin Department of Revenue 
    Mail Stop 6-81 
    PO Box 8906 
    Madison WI 53708-8906 
 
Corporations: 
•   DORFranchise@revenue.wi.gov 
•   Fax: (608) 267-0834 
•   Wisconsin Department of Revenue 
    Mail Stop 6-81 
    PO Box 8906 
    Madison WI 53708-8906 
If a timely election to move the estimated payments is not made, any tax due on the return is subject to interest at 
12% per year from the unextended due date of the return until the date paid. Interest is due regardless of whether 
the original amount of estimated payments exceeded the tax due on the return because the estimated payments 
were moved to the next taxable year.   
 
Amended Returns 
If this is an amended 2024 return,     but you have already filed your original 2025 return, enter the overpayment that 
you claimed as a credit on your 2025 return from your previously filed original or amended 2024 return. Otherwise, 
you may allocate the overpayment from line 38 between line 39 and line 40 as you choose. 
 
■ Line 41. Gross Receipts – Enter the “gross receipts from all unrelated trade or business activities” including gross 
receipts, gross sales, the gross sales price from the disposition of capital assets and business assets, gross rents, 
gross income from unrelated debt-financed property, gross interest, annuities, royalties, and rents from controlled 
organizations, gross investment income, gross exploited exempt activity income, gross advertising income, gross 
receipts passed through from other entities, and all other receipts that are included in unrelated business taxable 
income for Wisconsin tax purposes. 

Additional Information, Signatures, and Supplemental Schedules 

■ Additional Information Required – Provide the requested information and answer              the questions in items 1 through 
5. 

■ Third Party Designee – If you want to allow a tax preparer or tax preparation firm, or any other person you choose 
to discuss your 2024 tax return with the Department of Revenue, check “Yes” in the “Third Party Designee” area of 

IC-102 (R. 10-24)                                                        23 

                                    2024 Wisconsin Form 4T Instructions 

your return. Also, fill in the designee’s name, phone number, and any five digits the designee chooses as their per-
sonal identification number (PIN). If you check “Yes,” you are authorizing the department to discuss with the designee 
any questions that may arise during the processing of your return. You are also authorizing the designee to: 

•  Give the department any information missing from your return,  
•  Call the department for information about the processing of your return or the status of your refund or payment(s), 
 and  
•  Respond to certain department notices about math errors, offsets, and return preparation.  

You are not authorizing the designee to receive any refund check, bind you to anything (including any additional tax 
liability), or otherwise represent you before the department. If you want to expand the designee’s authorization, you 
must submit Form A-222 (Power of Attorney). The authorization will automatically end no later than the due date 
(without regard to extensions) for filing your 2025 tax return. 

■ Signatures – An officer or trustee of the exempt organization must sign the form at the bottom of page 2. If the 
return is prepared by someone other than an employee of the exempt organization, the individual who prepared the 
return must sign the form, by hand, in the space provided for the preparer’s signature and furnish the preparing firm’s 
federal employer identification number. A self-employed individual must enter “PTIN” and their preparer tax identifi-
cation number in the space for the preparer’s federal employer identification number. 

■ Supplemental Schedules – Include the following items as supplemental schedules to your Form 4T: 
•  Your federal Form 990-T or 4720 with all supporting schedules. 
•  A list of your solely owned LLCs (complete and include Schedule DE with your return).  
•  Any extension of time to file your return. 
•  Supporting schedules for Form 4T (supporting schedules that are not department-prescribed forms may be sub-
 mitted as .pdf documents with electronic returns). 

If you are filing Form 4T on paper, do not staple, fasten, or bind these supplemental schedules to your return. 
Use paper clips instead. 
 
Wisconsin Income of Multistate Organizations 

Who Must Use Apportionment 
Under the apportionment method, an exempt organization shows all income and deductions from unrelated trade or 
business activities for the organization as a whole and then assigns a part to Wisconsin according to a formula that 
determines Wisconsin unrelated business taxable income. 

An exempt organization engaged in unrelated trade or business activities in and outside Wisconsin is required to 
report a portion of its total unrelated business taxable income to Wisconsin using the apportionment method if its 
Wisconsin operations are a part of a unitary business, unless the department gives permission to use separate ac-
counting. To use the apportionment method, an exempt organization must have unrelated trade or business activity 
sufficient to create nexus in Wisconsin and at least one other state or foreign country. 

A unitary business is one that operates as a unit and can’t be segregated into independently operating divisions or 
branches. The operations are integrated, and each division or branch is dependent upon or contributory to the oper-
ation of the business as a whole. It isn’t necessary that each division or branch operating in Wisconsin contribute to 
the activities of all divisions or branches outside Wisconsin. 

To use the apportionment method, an exempt organization must have business activity sufficient to create nexus in 
Wisconsin and at least one other state or foreign country. “Nexus” means that an exempt organization’s business 
activity is of such a degree that the state or foreign country has jurisdiction to impose an income tax or franchise tax 
measured by net income.  

IC-102 (R. 10-24)                                                         24 

                                  2024 Wisconsin Form 4T Instructions 

Under Public Law 86-272, a state can’t impose an income tax or franchise tax based on net income on an exempt 
organization selling tangible personal property if the organization’s only activity in the state is the solicitation of orders, 
which orders are approved outside the state and are filled by delivery from a point outside the state. 

What Is the Apportionment Percentage 

For unitary, multistate businesses (except direct air carriers, air freight forwarders affiliated with a direct air carrier, 
motor carriers, railroads, pipeline companies, financial institutions, brokers-dealers, investment advisers, investment 
companies, underwriters, and telecommunications companies whose incomes are apportioned by special rules of 
the department), the apportionment percentage is determined by the ratio of Wisconsin sales to total company sales. 

For most companies, the apportionment percentage is computed on Schedule A-01. However, financial institutions, 
direct air carriers, air freight forwarders affiliated with a direct air carrier, motor carriers, railroads, pipeline companies, 
telecommunications companies, insurance companies, interstate brokers-dealers, investment advisors, investment 
companies, and underwriters, broadcasters, and interstate pipeline companies use alternative schedules:  

The apportionment schedules consist of the following: 
 
• Schedule A-01, Wisconsin Single Sales Factor Apportionment Data for Nonspecialized Industries 
• Schedule A-02, Wisconsin Apportionment Percentage for Interstate Financial Institutions,  
• Schedule A-03, Wisconsin Apportionment Percentage for Interstate Motor Carriers,  
• Schedule A-04, Wisconsin Apportionment Percentage for Interstate Telecommunications Companies,  
• Schedule A-05, Wisconsin Premiums Factor for Insurance Companies,  
• Schedule A-06, Wisconsin Receipts Factor for Interstate Brokers-Dealers, Investment Advisors, Investment Com-
  panies, and Underwriters,  
• Schedule A-07, Wisconsin Apportionment Percentage for Interstate Air Carriers,  
• Schedule A-08, Wisconsin Apportionment Percentage for Broadcasters,  
• Schedule A-09, Wisconsin Apportionment Percentage for Interstate Railroads,  
• Schedule A-10,Wisconsin Apportionment Percentage for Interstate Pipeline Companies,   or
• Schedule A-11, Wisconsin Apportionment Percentage for Interstate Air Freight Forwarders Affiliated with a Direct 
  Air Carrier  

What Is Nonapportionable Unrelated Business Taxable Income 

Nonapportionable income is that income which is allocable directly to a particular state. It includes income or loss 
derived from the sale of nonbusiness real or tangible personal property or from rentals and royalties from nonbusiness 
real or tangible personal property. This income is assigned to the state where the property is located. 

All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the 
winning tickets were originally bought in Wisconsin shall be allocated to Wisconsin. 

Except for income from lottery prizes described above, the intangible income of a personal holding company is non-
apportionable and is assigned to the state of incorporation. 

Total nonapportionable income (loss) is removed from total company net income before the apportionment percent-
age is applied. The Wisconsin nonapportionable income (loss) is then combined with the Wisconsin apportionable 
income to arrive at Wisconsin net income. 

Corporate Partners or LLC Members 

An exempt corporation that is a general or limited partner includes its share of the numerator and denominator of the 
partnership’s apportionment factors in the numerator and denominator of its apportionment factors. An exempt cor-
poration that is a member of a limited liability company (LLC) treated as a partnership for federal tax purposes in-

IC-102 (R. 10-24)                                                  25 

                                2024 Wisconsin Form 4T Instructions 

cludes its share of the numerator and denominator of the LLC’s apportionment factors in the numerator and denom-
inator of its apportionment factors. The exempt corporation should request a detailed breakdown of the partnership’s 
or LLC’s items and amounts to be included in the computation of its apportionment factors.  
 
Note: Income from a partnership or LLC may be nontaxable under the principles of the U.S. Supreme Court decision 
in Allied-Signal v. Director, Div. of Taxation, 504 U.S. 768 (1992), if the investment is passive and does not serve an 
operational function. In this case, the exempt corporation would not include its share of the partnership’s or LLC’s 
apportionment factors in the numerator and denominator of its apportionment factors. 
 
Separate Accounting 

An exempt organization engaged in a nonunitary business in and outside Wisconsin must determine the amount of 
income attributable to Wisconsin by separate accounting. The exempt organization uses Form C, Separate Account-
ing Data, to compute the amount attributable to Wisconsin by separate accounting and uses Form N, Wisconsin 
Nonapportionable and Separately Apportioned Income, to report the separate accounting amount. This is because 
the income determined under separate accounting from Form C, line 16 is entered on Form N, line 6. A nonunitary 
business is one in which the operations in Wisconsin aren’t dependent upon or contributory to the operations outside 
Wisconsin. Under separate accounting, the exempt organization must keep separate records of the sales, cost of 
sales, and expenses for the Wisconsin business. 
 
A unitary business may use separate accounting only with the approval of the department. An application for such 
approval must set forth, in detail, the reasons why separate accounting will more clearly reflect the exempt organiza-
tion’s Wisconsin net income. It should be mailed to the Wisconsin Department of Revenue, Mail Stop 3-107, PO Box 
8906, Madison, WI 53708-8906 before the end of the taxable year for which the use of separate accounting is desired. 

Obtaining Forms and Assistance 

If you need forms or publications, you may: 

•  Download them from the department’s Internet web site at revenue.wi.gov. 
•  Request them online at revenue.wi.gov. 
•  Call (608) 266-1961. 
•  Call or visit any Department of Revenue office. 

If you need help in preparing Form 4T, you may: 

•  E-mail your question to: DORFranchise@wisconsin.gov 
•  Send a FAX to (608) 267-0834 
•  Call (608) 266-2772 
   (Telephone help is also available using TTY equipment. Call the Wisconsin Telecommunications Relay System at 
   711 or, if no answer, (800) 947-3529. These numbers are to be used only when calling with TTY equipment.) 
•  Call or visit any Department of Revenue office. 

IC-102 (R. 10-24)                                                     26 

                  2024 Wisconsin Form 4T Instructions 

                  Applicable Laws and Rules 
 This document provides statements or interpretations of the following laws and regulations enacted as of October 
 17, 2024:  Chapter 71 Wis. Stats., and Chapter Tax 2, Wis. Adm. Code 

IC-102 (R. 10-24)                                       27 

2024 TAX TABLE

If Line 5 but          If Line 5 but          If Line 5 but           If Line 5 but           If Line 5 but
is at     less  Gross  is at     less  Gross  is at     less  Gross   is at     less  Gross   is at     less  Gross
least     than  tax is least     than  tax is least     than   tax is least     than   tax is least     than   tax is

                        4,000    4,100 142     9,500    9,600  334      15,000  15,100 533      20,500  20,600 775
                        4,100    4,200 145     9,600    9,700  338      15,100  15,200 538      20,600  20,700 780
                        4,200    4,300 149     9,700    9,800  341      15,200  15,300 542      20,700  20,800 784
                        4,300    4,400 152     9,800    9,900  345      15,300  15,400 547      20,800  20,900 789
                        4,400    4,500 156     9,900  10,000   348      15,400  15,500 551      20,900  21,000 793
                        4,500    4,600 159      10,000  10,100 352      15,500  15,600 555      21,000  21,100 797
                        4,600    4,700 163      10,100  10,200 355      15,600  15,700 560      21,100  21,200 802
                        4,700    4,800 166      10,200  10,300 359      15,700  15,800 564      21,200  21,300 806
                        4,800    4,900 170      10,300  10,400 362      15,800  15,900 569      21,300  21,400 811
                        4,900    5,000 173      10,400  10,500 366      15,900  16,000 573      21,400  21,500 815
                        5,000    5,100 177      10,500  10,600 369      16,000  16,100 577      21,500  21,600 819
                        5,100    5,200 180      10,600  10,700 373      16,100  16,200 582      21,600  21,700 824
                        5,200    5,300 184      10,700  10,800 376      16,200  16,300 586      21,700  21,800 828
      0   20    0       5,300    5,400 187      10,800  10,900 380      16,300  16,400 591      21,800  21,900 833
      20  40    1       5,400    5,500 191      10,900  11,000 383      16,400  16,500 595      21,900  22,000 837
      40  100   2       5,500    5,600 194      11,000  11,100 387      16,500  16,600 599      22,000  22,100 841
 100      200   5       5,600    5,700 198      11,100  11,200 390      16,600  16,700 604      22,100  22,200 846
 200      300   9       5,700    5,800 201      11,200  11,300 394      16,700  16,800 608      22,200  22,300 850
 300      400   12      5,800    5,900 205      11,300  11,400 397      16,800  16,900 613      22,300  22,400 855
 400      500   16      5,900    6,000 208      11,400  11,500 401      16,900  17,000 617      22,400  22,500 859
 500      600   19      6,000    6,100 212      11,500  11,600 404      17,000  17,100 621      22,500  22,600 863
 600      700   23      6,100    6,200 215      11,600  11,700 408      17,100  17,200 626      22,600  22,700 868
 700      800   26      6,200    6,300 219      11,700  11,800 411      17,200  17,300 630      22,700  22,800 872
 800      900   30      6,300    6,400 222      11,800  11,900 415      17,300  17,400 635      22,800  22,900 877
 900      1,000 33      6,400    6,500 226      11,900  12,000 418      17,400  17,500 639      22,900  23,000 881
 1,000    1,100 37      6,500    6,600 229      12,000  12,100 422      17,500  17,600 643      23,000  23,100 885
 1,100    1,200 40      6,600    6,700 233      12,100  12,200 425      17,600  17,700 648      23,100  23,200 890
 1,200    1,300 44      6,700    6,800 236      12,200  12,300 429      17,700  17,800 652      23,200  23,300 894
 1,300    1,400 47      6,800    6,900 240      12,300  12,400 432      17,800  17,900 657      23,300  23,400 899
 1,400    1,500 51      6,900    7,000 243      12,400  12,500 436      17,900  18,000 661      23,400  23,500 903
 1,500    1,600 54      7,000    7,100 247      12,500  12,600 439      18,000  18,100 665      23,500  23,600 907
 1,600    1,700 58      7,100    7,200 250      12,600  12,700 443      18,100  18,200 670      23,600  23,700 912
 1,700    1,800 61      7,200    7,300 254      12,700  12,800 446      18,200  18,300 674      23,700  23,800 916
 1,800    1,900 65      7,300    7,400 257      12,800  12,900 450      18,300  18,400 679      23,800  23,900 921
 1,900    2,000 68      7,400    7,500 261      12,900  13,000 453      18,400  18,500 683      23,900  24,000 925

 2,000    2,100 72      7,500    7,600 264      13,000  13,100 457      18,500  18,600 687      24,000  24,100 929
 2,100    2,200 75      7,600    7,700 268      13,100  13,200 460      18,600  18,700 692      24,100  24,200 934
 2,200    2,300 79      7,700    7,800 271      13,200  13,300 464      18,700  18,800 696      24,200  24,300 938
 2,300    2,400 82      7,800    7,900 275      13,300  13,400 467      18,800  18,900 701      24,300  24,400 943
 2,400    2,500 86      7,900    8,000 278      13,400  13,500 471      18,900  19,000 705      24,400  24,500 947
 2,500    2,600 89      8,000    8,100 282      13,500  13,600 474      19,000  19,100 709      24,500  24,600 951
 2,600    2,700 93      8,100    8,200 285      13,600  13,700 478      19,100  19,200 714      24,600  24,700 956
 2,700    2,800 96      8,200    8,300 289      13,700  13,800 481      19,200  19,300 718      24,700  24,800 960
 2,800    2,900 100     8,300    8,400 292      13,800  13,900 485      19,300  19,400 723      24,800  24,900 965
 2,900    3,000 103     8,400    8,500 296      13,900  14,000 488      19,400  19,500 727      24,900  25,000 969
 3,000    3,100 107     8,500    8,600 299      14,000  14,100 492      19,500  19,600 731      25,000  25,100 973
 3,100    3,200 110     8,600    8,700 303      14,100  14,200 495      19,600  19,700 736      25,100  25,200 978
 3,200    3,300 114     8,700    8,800 306      14,200  14,300 499      19,700  19,800 740      25,200  25,300 982
 3,300    3,400 117     8,800    8,900 310      14,300  14,400 503      19,800  19,900 745      25,300  25,400 987
 3,400    3,500 121     8,900    9,000 313      14,400  14,500 507      19,900  20,000 749      25,400  25,500 991
 3,500    3,600 124     9,000    9,100 317      14,500  14,600 511      20,000  20,100 753      25,500  25,600 995
 3,600    3,700 128     9,100    9,200 320      14,600  14,700 516      20,100  20,200 758      25,600  25,700 1,000
 3,700    3,800 131     9,200    9,300 324      14,700  14,800 520      20,200  20,300 762      25,700  25,800 1,004
 3,800    3,900 135     9,300    9,400 327      14,800  14,900 525      20,300  20,400 767      25,800  25,900 1,009
 3,900    4,000 138     9,400    9,500 331      14,900  15,000 529      20,400  20,500 771      25,900  26,000 1,013

2024 TAX TABLE  (Continued)

If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but
is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross
least     than   tax is least     than   tax is least     than   tax is least     than   tax is least     than   tax is

  26,000  26,100 1,017    31,500  31,600 1,286    37,000  37,100 1,577    42,500  42,600 1,869    48,000  48,100 2,160
  26,100  26,200 1,022    31,600  31,700 1,291    37,100  37,200 1,582    42,600  42,700 1,874    48,100  48,200 2,165
  26,200  26,300 1,026    31,700  31,800 1,296    37,200  37,300 1,588    42,700  42,800 1,879    48,200  48,300 2,171
  26,300  26,400 1,031    31,800  31,900 1,301    37,300  37,400 1,593    42,800  42,900 1,884    48,300  48,400 2,176
  26,400  26,500 1,035    31,900  32,000 1,307    37,400  37,500 1,598    42,900  43,000 1,890    48,400  48,500 2,181
  26,500  26,600 1,039    32,000  32,100 1,312    37,500  37,600 1,604    43,000  43,100 1,895    48,500  48,600 2,187
  26,600  26,700 1,044    32,100  32,200 1,317    37,600  37,700 1,609    43,100  43,200 1,900    48,600  48,700 2,192
  26,700  26,800 1,048    32,200  32,300 1,323    37,700  37,800 1,614    43,200  43,300 1,906    48,700  48,800 2,197
  26,800  26,900 1,053    32,300  32,400 1,328    37,800  37,900 1,619    43,300  43,400 1,911    48,800  48,900 2,202
  26,900  27,000 1,057    32,400  32,500 1,333    37,900  38,000 1,625    43,400  43,500 1,916    48,900  49,000 2,208
  27,000  27,100 1,061    32,500  32,600 1,339    38,000  38,100 1,630    43,500  43,600 1,922    49,000  49,100 2,213
  27,100  27,200 1,066    32,600  32,700 1,344    38,100  38,200 1,635    43,600  43,700 1,927    49,100  49,200 2,218
  27,200  27,300 1,070    32,700  32,800 1,349    38,200  38,300 1,641    43,700  43,800 1,932    49,200  49,300 2,224
  27,300  27,400 1,075    32,800  32,900 1,354    38,300  38,400 1,646    43,800  43,900 1,937    49,300  49,400 2,229
  27,400  27,500 1,079    32,900  33,000 1,360    38,400  38,500 1,651    43,900  44,000 1,943    49,400  49,500 2,234
  27,500  27,600 1,083    33,000  33,100 1,365    38,500  38,600 1,657    44,000  44,100 1,948    49,500  49,600 2,240
  27,600  27,700 1,088    33,100  33,200 1,370    38,600  38,700 1,662    44,100  44,200 1,953    49,600  49,700 2,245
  27,700  27,800 1,092    33,200  33,300 1,376    38,700  38,800 1,667    44,200  44,300 1,959    49,700  49,800 2,250
  27,800  27,900 1,097    33,300  33,400 1,381    38,800  38,900 1,672    44,300  44,400 1,964    49,800  49,900 2,255
  27,900  28,000 1,101    33,400  33,500 1,386    38,900  39,000 1,678    44,400  44,500 1,969    49,900  50,000 2,261
  28,000  28,100 1,105    33,500  33,600 1,392    39,000  39,100 1,683    44,500  44,600 1,975    50,000  50,100 2,266
  28,100  28,200 1,110    33,600  33,700 1,397    39,100  39,200 1,688    44,600  44,700 1,980    50,100  50,200 2,271
  28,200  28,300 1,114    33,700  33,800 1,402    39,200  39,300 1,694    44,700  44,800 1,985    50,200  50,300 2,277
  28,300  28,400 1,119    33,800  33,900 1,407    39,300  39,400 1,699    44,800  44,900 1,990    50,300  50,400 2,282
  28,400  28,500 1,123    33,900  34,000 1,413    39,400  39,500 1,704    44,900  45,000 1,996    50,400  50,500 2,287
  28,500  28,600 1,127    34,000  34,100 1,418    39,500  39,600 1,710    45,000  45,100 2,001    50,500  50,600 2,293
  28,600  28,700 1,132    34,100  34,200 1,423    39,600  39,700 1,715    45,100  45,200 2,006    50,600  50,700 2,298
  28,700  28,800 1,137    34,200  34,300 1,429    39,700  39,800 1,720    45,200  45,300 2,012    50,700  50,800 2,303
  28,800  28,900 1,142    34,300  34,400 1,434    39,800  39,900 1,725    45,300  45,400 2,017    50,800  50,900 2,308
  28,900  29,000 1,148    34,400  34,500 1,439    39,900  40,000 1,731    45,400  45,500 2,022    50,900  51,000 2,314
  29,000  29,100 1,153    34,500  34,600 1,445    40,000  40,100 1,736    45,500  45,600 2,028    51,000  51,100 2,319
  29,100  29,200 1,158    34,600  34,700 1,450    40,100  40,200 1,741    45,600  45,700 2,033    51,100  51,200 2,324
  29,200  29,300 1,164    34,700  34,800 1,455    40,200  40,300 1,747    45,700  45,800 2,038    51,200  51,300 2,330
  29,300  29,400 1,169    34,800  34,900 1,460    40,300  40,400 1,752    45,800  45,900 2,043    51,300  51,400 2,335
  29,400  29,500 1,174    34,900  35,000 1,466    40,400  40,500 1,757    45,900  46,000 2,049    51,400  51,500 2,340

  29,500  29,600 1,180    35,000  35,100 1,471    40,500  40,600 1,763    46,000  46,100 2,054    51,500  51,600 2,346
  29,600  29,700 1,185    35,100  35,200 1,476    40,600  40,700 1,768    46,100  46,200 2,059    51,600  51,700 2,351
  29,700  29,800 1,190    35,200  35,300 1,482    40,700  40,800 1,773    46,200  46,300 2,065    51,700  51,800 2,356
  29,800  29,900 1,195    35,300  35,400 1,487    40,800  40,900 1,778    46,300  46,400 2,070    51,800  51,900 2,361
  29,900  30,000 1,201    35,400  35,500 1,492    40,900  41,000 1,784    46,400  46,500 2,075    51,900  52,000 2,367
  30,000  30,100 1,206    35,500  35,600 1,498    41,000  41,100 1,789    46,500  46,600 2,081    52,000  52,100 2,372
  30,100  30,200 1,211    35,600  35,700 1,503    41,100  41,200 1,794    46,600  46,700 2,086    52,100  52,200 2,377
  30,200  30,300 1,217    35,700  35,800 1,508    41,200  41,300 1,800    46,700  46,800 2,091    52,200  52,300 2,383
  30,300  30,400 1,222    35,800  35,900 1,513    41,300  41,400 1,805    46,800  46,900 2,096    52,300  52,400 2,388
  30,400  30,500 1,227    35,900  36,000 1,519    41,400  41,500 1,810    46,900  47,000 2,102    52,400  52,500 2,393
  30,500  30,600 1,233    36,000  36,100 1,524    41,500  41,600 1,816    47,000  47,100 2,107    52,500  52,600 2,399
  30,600  30,700 1,238    36,100  36,200 1,529    41,600  41,700 1,821    47,100  47,200 2,112    52,600  52,700 2,404
  30,700  30,800 1,243    36,200  36,300 1,535    41,700  41,800 1,826    47,200  47,300 2,118    52,700  52,800 2,409
  30,800  30,900 1,248    36,300  36,400 1,540    41,800  41,900 1,831    47,300  47,400 2,123    52,800  52,900 2,414
  30,900  31,000 1,254    36,400  36,500 1,545    41,900  42,000 1,837    47,400  47,500 2,128    52,900  53,000 2,420
  31,000  31,100 1,259    36,500  36,600 1,551    42,000  42,100 1,842    47,500  47,600 2,134    53,000  53,100 2,425
  31,100  31,200 1,264    36,600  36,700 1,556    42,100  42,200 1,847    47,600  47,700 2,139    53,100  53,200 2,430
  31,200  31,300 1,270    36,700  36,800 1,561    42,200  42,300 1,853    47,700  47,800 2,144    53,200  53,300 2,436
  31,300  31,400 1,275    36,800  36,900 1,566    42,300  42,400 1,858    47,800  47,900 2,149    53,300  53,400 2,441
  31,400  31,500 1,280    36,900  37,000 1,572    42,400  42,500 1,863    47,900  48,000 2,155    53,400  53,500 2,446

2024 TAX TABLE  (Continued)

If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but
is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross
least     than   tax is least     than   tax is least     than   tax is least     than   tax is least     than   tax is

  53,500  53,600 2,452    59,000  59,100 2,743    64,500  64,600 3,035    70,000  70,100 3,326    75,500  75,600 3,618
  53,600  53,700 2,457    59,100  59,200 2,748    64,600  64,700 3,040    70,100  70,200 3,331    75,600  75,700 3,623
  53,700  53,800 2,462    59,200  59,300 2,754    64,700  64,800 3,045    70,200  70,300 3,337    75,700  75,800 3,628
  53,800  53,900 2,467    59,300  59,400 2,759    64,800  64,900 3,050    70,300  70,400 3,342    75,800  75,900 3,633
  53,900  54,000 2,473    59,400  59,500 2,764    64,900  65,000 3,056    70,400  70,500 3,347    75,900  76,000 3,639
  54,000  54,100 2,478    59,500  59,600 2,770    65,000  65,100 3,061    70,500  70,600 3,353    76,000  76,100 3,644
  54,100  54,200 2,483    59,600  59,700 2,775    65,100  65,200 3,066    70,600  70,700 3,358    76,100  76,200 3,649
  54,200  54,300 2,489    59,700  59,800 2,780    65,200  65,300 3,072    70,700  70,800 3,363    76,200  76,300 3,655
  54,300  54,400 2,494    59,800  59,900 2,785    65,300  65,400 3,077    70,800  70,900 3,368    76,300  76,400 3,660
  54,400  54,500 2,499    59,900  60,000 2,791    65,400  65,500 3,082    70,900  71,000 3,374    76,400  76,500 3,665
  54,500  54,600 2,505    60,000  60,100 2,796    65,500  65,600 3,088    71,000  71,100 3,379    76,500  76,600 3,671
  54,600  54,700 2,510    60,100  60,200 2,801    65,600  65,700 3,093    71,100  71,200 3,384    76,600  76,700 3,676
  54,700  54,800 2,515    60,200  60,300 2,807    65,700  65,800 3,098    71,200  71,300 3,390    76,700  76,800 3,681
  54,800  54,900 2,520    60,300  60,400 2,812    65,800  65,900 3,103    71,300  71,400 3,395    76,800  76,900 3,686
  54,900  55,000 2,526    60,400  60,500 2,817    65,900  66,000 3,109    71,400  71,500 3,400    76,900  77,000 3,692
  55,000  55,100 2,531    60,500  60,600 2,823    66,000  66,100 3,114    71,500  71,600 3,406    77,000  77,100 3,697
  55,100  55,200 2,536    60,600  60,700 2,828    66,100  66,200 3,119    71,600  71,700 3,411    77,100  77,200 3,702
  55,200  55,300 2,542    60,700  60,800 2,833    66,200  66,300 3,125    71,700  71,800 3,416    77,200  77,300 3,708
  55,300  55,400 2,547    60,800  60,900 2,838    66,300  66,400 3,130    71,800  71,900 3,421    77,300  77,400 3,713
  55,400  55,500 2,552    60,900  61,000 2,844    66,400  66,500 3,135    71,900  72,000 3,427    77,400  77,500 3,718
  55,500  55,600 2,558    61,000  61,100 2,849    66,500  66,600 3,141    72,000  72,100 3,432    77,500  77,600 3,724
  55,600  55,700 2,563    61,100  61,200 2,854    66,600  66,700 3,146    72,100  72,200 3,437    77,600  77,700 3,729
  55,700  55,800 2,568    61,200  61,300 2,860    66,700  66,800 3,151    72,200  72,300 3,443    77,700  77,800 3,734
  55,800  55,900 2,573    61,300  61,400 2,865    66,800  66,900 3,156    72,300  72,400 3,448    77,800  77,900 3,739
  55,900  56,000 2,579    61,400  61,500 2,870    66,900  67,000 3,162    72,400  72,500 3,453    77,900  78,000 3,745
  56,000  56,100 2,584    61,500  61,600 2,876    67,000  67,100 3,167    72,500  72,600 3,459    78,000  78,100 3,750
  56,100  56,200 2,589    61,600  61,700 2,881    67,100  67,200 3,172    72,600  72,700 3,464    78,100  78,200 3,755
  56,200  56,300 2,595    61,700  61,800 2,886    67,200  67,300 3,178    72,700  72,800 3,469    78,200  78,300 3,761
  56,300  56,400 2,600    61,800  61,900 2,891    67,300  67,400 3,183    72,800  72,900 3,474    78,300  78,400 3,766
  56,400  56,500 2,605    61,900  62,000 2,897    67,400  67,500 3,188    72,900  73,000 3,480    78,400  78,500 3,771
  56,500  56,600 2,611    62,000  62,100 2,902    67,500  67,600 3,194    73,000  73,100 3,485    78,500  78,600 3,777
  56,600  56,700 2,616    62,100  62,200 2,907    67,600  67,700 3,199    73,100  73,200 3,490    78,600  78,700 3,782
  56,700  56,800 2,621    62,200  62,300 2,913    67,700  67,800 3,204    73,200  73,300 3,496    78,700  78,800 3,787
  56,800  56,900 2,626    62,300  62,400 2,918    67,800  67,900 3,209    73,300  73,400 3,501    78,800  78,900 3,792
  56,900  57,000 2,632    62,400  62,500 2,923    67,900  68,000 3,215    73,400  73,500 3,506    78,900  79,000 3,798

  57,000  57,100 2,637    62,500  62,600 2,929    68,000  68,100 3,220    73,500  73,600 3,512    79,000  79,100 3,803
  57,100  57,200 2,642    62,600  62,700 2,934    68,100  68,200 3,225    73,600  73,700 3,517    79,100  79,200 3,808
  57,200  57,300 2,648    62,700  62,800 2,939    68,200  68,300 3,231    73,700  73,800 3,522    79,200  79,300 3,814
  57,300  57,400 2,653    62,800  62,900 2,944    68,300  68,400 3,236    73,800  73,900 3,527    79,300  79,400 3,819
  57,400  57,500 2,658    62,900  63,000 2,950    68,400  68,500 3,241    73,900  74,000 3,533    79,400  79,500 3,824
  57,500  57,600 2,664    63,000  63,100 2,955    68,500  68,600 3,247    74,000  74,100 3,538    79,500  79,600 3,830
  57,600  57,700 2,669    63,100  63,200 2,960    68,600  68,700 3,252    74,100  74,200 3,543    79,600  79,700 3,835
  57,700  57,800 2,674    63,200  63,300 2,966    68,700  68,800 3,257    74,200  74,300 3,549    79,700  79,800 3,840
  57,800  57,900 2,679    63,300  63,400 2,971    68,800  68,900 3,262    74,300  74,400 3,554    79,800  79,900 3,845
  57,900  58,000 2,685    63,400  63,500 2,976    68,900  69,000 3,268    74,400  74,500 3,559    79,900  80,000 3,851
  58,000  58,100 2,690    63,500  63,600 2,982    69,000  69,100 3,273    74,500  74,600 3,565    80,000  80,100 3,856
  58,100  58,200 2,695    63,600  63,700 2,987    69,100  69,200 3,278    74,600  74,700 3,570    80,100  80,200 3,861
  58,200  58,300 2,701    63,700  63,800 2,992    69,200  69,300 3,284    74,700  74,800 3,575    80,200  80,300 3,867
  58,300  58,400 2,706    63,800  63,900 2,997    69,300  69,400 3,289    74,800  74,900 3,580    80,300  80,400 3,872
  58,400  58,500 2,711    63,900  64,000 3,003    69,400  69,500 3,294    74,900  75,000 3,586    80,400  80,500 3,877
  58,500  58,600 2,717    64,000  64,100 3,008    69,500  69,600 3,300    75,000  75,100 3,591    80,500  80,600 3,883
  58,600  58,700 2,722    64,100  64,200 3,013    69,600  69,700 3,305    75,100  75,200 3,596    80,600  80,700 3,888
  58,700  58,800 2,727    64,200  64,300 3,019    69,700  69,800 3,310    75,200  75,300 3,602    80,700  80,800 3,893
  58,800  58,900 2,732    64,300  64,400 3,024    69,800  69,900 3,315    75,300  75,400 3,607    80,800  80,900 3,898
  58,900  59,000 2,738    64,400  64,500 3,029    69,900  70,000 3,321    75,400  75,500 3,612    80,900  81,000 3,904

2024 TAX TABLE  (Continued)

If Line 5 but           If Line 5 but           If Line 5 but           If Line 5 but
is at     less  Gross   is at     less  Gross   is at     less  Gross   is at     less  Gross
least     than   tax is least     than   tax is least     than   tax is least     than    tax is

  81,000  81,100 3,909    86,500  86,600 4,201    92,000  92,100 4,492    97,500  97,600  4,784
  81,100  81,200 3,914    86,600  86,700 4,206    92,100  92,200 4,497    97,600  97,700  4,789
  81,200  81,300 3,920    86,700  86,800 4,211    92,200  92,300 4,503    97,700  97,800  4,794
  81,300  81,400 3,925    86,800  86,900 4,216    92,300  92,400 4,508    97,800  97,900  4,799
  81,400  81,500 3,930    86,900  87,000 4,222    92,400  92,500 4,513    97,900  98,000  4,805
  81,500  81,600 3,936    87,000  87,100 4,227    92,500  92,600 4,519    98,000  98,100  4,810
  81,600  81,700 3,941    87,100  87,200 4,232    92,600  92,700 4,524    98,100  98,200  4,815
  81,700  81,800 3,946    87,200  87,300 4,238    92,700  92,800 4,529    98,200  98,300  4,821
  81,800  81,900 3,951    87,300  87,400 4,243    92,800  92,900 4,534    98,300  98,400  4,826
  81,900  82,000 3,957    87,400  87,500 4,248    92,900  93,000 4,540    98,400  98,500  4,831
  82,000  82,100 3,962    87,500  87,600 4,254    93,000  93,100 4,545    98,500  98,600  4,837
  82,100  82,200 3,967    87,600  87,700 4,259    93,100  93,200 4,550    98,600  98,700  4,842
  82,200  82,300 3,973    87,700  87,800 4,264    93,200  93,300 4,556    98,700  98,800  4,847
  82,300  82,400 3,978    87,800  87,900 4,269    93,300  93,400 4,561    98,800  98,900  4,852
  82,400  82,500 3,983    87,900  88,000 4,275    93,400  93,500 4,566    98,900  99,000  4,858
  82,500  82,600 3,989    88,000  88,100 4,280    93,500  93,600 4,572    99,000  99,100  4,863
  82,600  82,700 3,994    88,100  88,200 4,285    93,600  93,700 4,577    99,100  99,200  4,868
  82,700  82,800 3,999    88,200  88,300 4,291    93,700  93,800 4,582    99,200  99,300  4,874
  82,800  82,900 4,004    88,300  88,400 4,296    93,800  93,900 4,587    99,300  99,400  4,879
  82,900  83,000 4,010    88,400  88,500 4,301    93,900  94,000 4,593    99,400  99,500  4,884
  83,000  83,100 4,015    88,500  88,600 4,307    94,000  94,100 4,598    99,500  99,600  4,890
  83,100  83,200 4,020    88,600  88,700 4,312    94,100  94,200 4,603    99,600  99,700  4,895
  83,200  83,300 4,026    88,700  88,800 4,317    94,200  94,300 4,609    99,700  99,800  4,900
  83,300  83,400 4,031    88,800  88,900 4,322    94,300  94,400 4,614    99,800  99,900  4,905
  83,400  83,500 4,036    88,900  89,000 4,328    94,400  94,500 4,619    99,900  100,000 4,911
  83,500  83,600 4,042    89,000  89,100 4,333    94,500  94,600 4,625  $100,000 or over –
  83,600  83,700 4,047    89,100  89,200 4,338    94,600  94,700 4,630        Use the
  83,700  83,800 4,052    89,200  89,300 4,344    94,700  94,800 4,635  Tax Computation
  83,800  83,900 4,057    89,300  89,400 4,349    94,800  94,900 4,640        Worksheet
  83,900  84,000 4,063    89,400  89,500 4,354    94,900  95,000 4,646  on the following page
  84,000  84,100 4,068    89,500  89,600 4,360    95,000  95,100 4,651
  84,100  84,200 4,073    89,600  89,700 4,365    95,100  95,200 4,656
  84,200  84,300 4,079    89,700  89,800 4,370    95,200  95,300 4,662
  84,300  84,400 4,084    89,800  89,900 4,375    95,300  95,400 4,667
  84,400  84,500 4,089    89,900  90,000 4,381    95,400  95,500 4,672

  84,500  84,600 4,095    90,000  90,100 4,386    95,500  95,600 4,678
  84,600  84,700 4,100    90,100  90,200 4,391    95,600  95,700 4,683
  84,700  84,800 4,105    90,200  90,300 4,397    95,700  95,800 4,688
  84,800  84,900 4,110    90,300  90,400 4,402    95,800  95,900 4,693
  84,900  85,000 4,116    90,400  90,500 4,407    95,900  96,000 4,699
  85,000  85,100 4,121    90,500  90,600 4,413    96,000  96,100 4,704
  85,100  85,200 4,126    90,600  90,700 4,418    96,100  96,200 4,709
  85,200  85,300 4,132    90,700  90,800 4,423    96,200  96,300 4,715
  85,300  85,400 4,137    90,800  90,900 4,428    96,300  96,400 4,720
  85,400  85,500 4,142    90,900  91,000 4,434    96,400  96,500 4,725
  85,500  85,600 4,148    91,000  91,100 4,439    96,500  96,600 4,731
  85,600  85,700 4,153    91,100  91,200 4,444    96,600  96,700 4,736
  85,700  85,800 4,158    91,200  91,300 4,450    96,700  96,800 4,741
  85,800  85,900 4,163    91,300  91,400 4,455    96,800  96,900 4,746
  85,900  86,000 4,169    91,400  91,500 4,460    96,900  97,000 4,752
  86,000  86,100 4,174    91,500  91,600 4,466    97,000  97,100 4,757
  86,100  86,200 4,179    91,600  91,700 4,471    97,100  97,200 4,762
  86,200  86,300 4,185    91,700  91,800 4,476    97,200  97,300 4,768
  86,300  86,400 4,190    91,800  91,900 4,481    97,300  97,400 4,773
  86,400  86,500 4,195    91,900  92,000 4,487    97,400  97,500 4,778