NC S818

Increases North Carolina standard deduction amounts for tax year 2016: married filing jointly from $15,500 to $16,500; head of household from $12,400 to $13,200; single from $7,750 to $8,250; married filing separately from $7,750 to $8,250.

Further increases standard deduction amounts for tax year 2017: married filing jointly from $16,500 to $17,500; head of household from $13,200 to $14,000; single from $8,250 to $8,750; married filing separately from $8,250 to $8,750.

Department of Revenue is not required to adjust withholding tables for the 2016 taxable year.

Section 1 is effective for taxable years beginning on or after January 1, 2016; Section 2 is effective for taxable years beginning on or after January 1, 2017.