Calculate late fees on overdue invoices in Wisconsin (WI). Compound interest, grace periods, and total amount owed.
Typical range: 1–2% per month (12–24% annually)
Number of days after due date before late fees apply
$1,500 invoice · 14 days late · 1.5%/mo
Late fee: $10.46
Total owed: $1510.46
$5,000 invoice · 30 days late · 1.5%/mo
Late fee: $75.00
Total owed: $5075.00
$10,000 invoice · 60 days late · 2%/mo
Late fee: $404.00
Total owed: $10404.00
Most US states allow contractual late fees that are agreed in writing and "reasonable" for the work performed. The most common contractual rate is 1.5% per month (18% APR) on the unpaid balance, accruing after the invoice due date.
Specific limits and disclosure rules vary by state. For Wisconsin-specific statutory guidance, consult a Wisconsin attorney or your state bar association before relying on a particular percentage.
This page is for informational purposes only and is not legal advice. Late-fee rules vary by jurisdiction and contract. Consult a licensed attorney in Wisconsin for advice on your specific situation.