What is the tax rate for individual income tax in Louisiana?

Louisiana's individual income tax rates are structured in a progressive manner, meaning that the tax rate increases as income increases. As of the latest available information, the rates range from 2 percent to 6 percent. Specifically, for the first $12,500 of taxable income, the tax rate is set at 2 percent. Individuals with taxable income between $12,501 and $50,000 will face a rate of 4 percent. For taxable income exceeding $50,000, the rate is 6 percent. Furthermore, it is important to note that Louisiana allows for certain deductions and credits, which may ultimately affect the amount of income tax owed. Taxpayers should also be aware that individual income tax is assessed on the net income that individuals earn during the year, after accounting for allowable deductions. For those seeking detailed, up-to-date information or additional inquiries related to their tax situation, looking on the current web page of the Louisiana Department of Revenue might provide the most reliable resources and guidance.