Tennessee Income Tax Calculator
Estimate your Tennessee income tax burden
Updated for 2023 tax year on Dec 8, 2023
Income tax calculators by state
Tennessee state taxes
Quick Tennessee tax facts
- State income tax: None
- State sales tax: 7%
- Property tax: 0.74%
- Gas tax: 26 cents per gallon
- Tobacco tax: $0.62 per pack of cigarettes
- Insurance premium tax: 2.5%
From Wikipedia
Tennessee income taxes
Tennessee stands out as one of the states with no income tax on wages. The state also does not impose any state payroll taxes or local income taxes on its residents, making it an appealing state for many workers and retirees.
Since Tennessee does not impose a state income tax on wages, there are no state standard deductions or personal exemptions.
Tennessee sales tax
The state sales tax rate in Tennessee is 7%, but local jurisdictions can add up to an additional 2.75%, making the total sales tax rate as high as 9.75% in some areas.
Tennessee property tax
Tennessee has relatively low property taxes. The average effective property tax rate in the state is 0.74% of a home’s assessed value.
Tennessee capital gains tax
Tennessee does not have a capital gains tax.
Tennessee gas tax
Tennessee levies a gas tax of 26 cents per gallon.
Tennessee tobacco tax
The tobacco tax in Tennessee is $0.62 per pack of 20 cigarettes.
Tennessee insurance tax
Insurance companies operating in Tennessee must pay a tax of 2.5% on gross premiums.
FAQs
How do I calculate my Tennessee income tax?
No state-level income tax so nothing to calculate.
How much is $52000 a year after taxes in Tennessee?
For a single Tennessean with a wage of $52,000 in 2023, the take home pay is $43,664 with a total income tax of $8,336.