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Corporate tax in the United States - Wikipedia Since January 1, 2018, the nominal federal corporate tax rate in the United States is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017 State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions
2025 State Corporate Income Tax Rates Brackets Four states—Alaska, Illinois, Minnesota, and New Jersey—levy top marginal corporate income tax rates of 9 percent or higher Maine and California are not far behind
Historical Corporate Top Tax Rate and Bracket, Tax Years 1909-2024 Notes: Data refer to the top marginal tax rate on corporations Unless otherwise mentioned, this is the tax rate applicable at the federal level on domestic companies Different rates apply on non-resident foreign-owned companies Provincial and local governments may levy additional taxes
United States Federal Corporate Tax Rate - TRADING ECONOMICS The Corporate Tax Rate in the United States stands at 21 percent Corporate Tax Rate in the United States averaged 31 99 percent from 1909 until 2025, reaching an all time high of 52 80 percent in 1968 and a record low of 1 00 percent in 1910 source: Internal Revenue Service
2025 Corporate Tax Rates and Brackets By State - SmartAsset As of 2025, the federal corporate income tax rate in the United States is 21% This flat rate was established under the Tax Cuts and Jobs Act of 2017, which lowered the previous top rate of 35% to make U S corporations more globally competitive
What is the highest corporate tax rate in the US? (2025) What is the highest corporate tax in the US? New Jersey levies the highest top statutory corporate tax rate at 11 5 percent, followed by Minnesota (9 8 percent) and Illinois (9 50 percent)
Us corporate tax rate over time: trends and impact - CGAA The highest marginal corporate tax rate in the US was 52 8% in 1964 In the 1980s, the tax rate began to decrease, reaching a low of 34% in 1988 This change was largely driven by the Economic Recovery Tax Act of 1981 The Tax Reform Act of 1986 further reduced the corporate tax rate, setting it at 34% for large corporations
Federal And State Corporate Tax Rates For 2025 - milestone. inc Which States Have The Highest And Lowest Corporate Tax Rates? Looking at the projected state corporate tax landscape in 2025, New Jersey (11 5%), Pennsylvania (8 99%), and California (8 84%) sit at the top for highest rates, while Texas, Washington, South Dakota, and Wyoming remain at zero or close to zero, thanks to either absence of, or
US Corporate Tax: 2025 Filing, Rates Compliance Guide The federal corporate tax rate in the United States remains 21% in 2024, unchanged since the Tax Cuts and Jobs Act (TCJA) of 2017 reduced it from 35% This flat rate applies to C-corporations nationwide, while pass-through entities (e g , S-corps, LLCs) are taxed at owners’ rates