Nevada Income Tax Calculator
Estimate your Nevada Income income tax burden
Updated for 2023 tax year on Dec 8, 2023
Income tax calculators by state
Nevada state taxes
Quick Nevada tax facts
- State income tax: None
- State sales tax: 6.85%,
- Property tax: 0.69%
- Gas tax: 33.78 cents per gallon
- Tobacco tax: $1.80 per pack of 20 cigarettes
- Insurance premium tax: 3.5%
Nevada income taxes
Nevada is renowned for its absence of state income tax, making it one of only nine states that do not impose this tax. This is highly appealing to high-income earners and retirees alike.
The state’s payroll tax, officially known as the Modified Business Tax (MBT), stands at 1.475% on wages paid above $50,000 per quarter. While there is no direct tax on employees’ paychecks, businesses bear this cost.
Nevada’s lack of income tax means that there are no state-level standard deductions or personal exemptions.
Nevada sales tax
The sales tax in Nevada is another key revenue stream, with a state rate of 6.85%. However, combined with local sales taxes, the total can reach up to 8.375%.
Nevada property tax
The effective average property tax rate in the state is 0.69%.
Nevada capital gains tax
As Nevada doesn’t impose a state income tax, they also do not tax capital gains, which are typically taxed as income at the state level.
Nevada gas tax
Nevada charges a gas tax of 33.78 cents per gallon.
Nevada tobacco tax
Nevada imposes a tobacco tax of $1.80 per pack of 20 cigarettes.
Nevada insurance tax
Insurance companies in Nevada face an insurance premium tax of 3.5% on premiums written.
How do I calculate my Nevada income tax?
No income tax in Nevada! So there is no need for any calculation.
How much is $58000 a year after taxes in Nevada?
The total income tax for a single Nevadan making $58,000 is $9,515. His/her take home pay will be $48,485.