Tax Filing Status | Previous Limit | New Limit |
Single Filer | $1,000 | $2,500 |
Married Separate Filer | $1,250 | $2,500 |
Married Joint Filer | $2,500 | $5,000 |
Pass-Through Owner (not making HB 149 election) | $10,000 | $25,000 |
C Corp, Trust, or Pass-Through electing to pay tax at the entity level (HB 149) | 75% of annual tax liability | |
New for 2023: Business that pays insurance premium tax | 75% of annual tax liability, but credit shall not exceed $1 million |