Alaska Income Tax Calculator
Estimate your Alaska income tax burden
Updated for 2024 tax year on Jul 23, 2024
Income tax calculators by state
How to calculate your Alaska income taxes
Table of Contents
Quick Alaska tax facts
- State income tax: one of seven states with no state income tax
- State payroll tax: 0.51% up to $47,100 taxable wage
- State sales tax: 0% to 7.5%
- Property tax: 0.1% to 2.7%
- Gas tax: 14.66 cents per gallon
- Tobacco tax: $2 per pack of cigarettes
- Insurance premium tax: none
Understanding your Alaska income taxes
Remarkably, Alaskans pay no state income tax, a rare scenario among states. This policy stems from the considerable revenue from the oil and gas industry, which has historically funded state operations and even resulted in annual dividends to residents through the Alaska Permanent Fund.
Regarding payroll tax, Alaska imposes a State Unemployment Insurance (SUI) tax on employers. This tax rate varies from 1% to 5.4%, depending on the employer’s experience rating. While it’s the employers who directly pay this tax, it can indirectly affect employees’ wages and job opportunities.
Given Alaska’s lack of a state income tax, discussions on standard deductions and personal exemptions at the state level are moot. However, Alaskans must still comply with federal tax laws, which include standard deductions and personal exemptions.
Calculate your income tax in Alabama
Since Alaska only has state payroll tax, it will be very different from the steps we listed on our Federal income tax calculator:
- Calculate your state payroll tax liability [Gross income × State payroll tax rate = State payroll tax liability]
State payroll tax
| Tax year | Tax name | Percent of taxable wage | Up to taxable wage |
|---|---|---|---|
| 2024 | State Unemployment Insurance (SUI) | 0.50% | $49,700 |
| 2023 | State Unemployment Insurance (SUI) | 0.51% | $47,100 |
| 2022 | State Unemployment Insurance (SUI) | 0.56% | $45,200 |
| 2021 | State Unemployment Insurance (SUI) | 0.50% | $43,600 |
| 2020 | State Unemployment Insurance (SUI) | 0.50% | $41,500 |
FAQs
How do I calculate my Alaska income tax?
Calculate your Alaska income tax in just one step.
- Gross income × State payroll tax rate = State payroll tax liability
How much is $73000 a year after taxes in Alaska?
A single filer will have a total income tax of $13,905. His after-tax income will be $59,095