Texas Income Tax Calculator

Estimate your Texas income tax burden

Updated for 2024 tax year on Feb 16, 2024

What was updated? 2024 federal income tax, state income tax, standard deduction & exemption
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Texas state taxes

Quick Texas tax facts

  • State income tax: None
  • State sales tax: 6.25%
  • Property tax: 1.81%
  • Gas tax: 20 cents per gallon
  • Tobacco tax: $1.41 per pack of cigarettes
  • Insurance premium tax: 1.6%
Texas United States

From Wikipedia

Texas income taxes

One of the key financial benefits of living in the Lone Star State is that Texas does not impose a state income tax on its residents. Whether you earn $20,000 a year or $200,000, the state of Texas will not take a percentage of your earned income, providing significant savings for many residents.

Similarly to the state income tax, Texas also does not impose a state payroll tax or local income tax, allowing for greater take-home pay for employees and more savings for employers.

As Texas does not levy an income tax, there are no state standard deductions or state exemptions to factor into residents’ annual tax calculations.

Texas sales tax

The state sales tax rate in Texas is 6.25%, but local jurisdictions can add up to an additional 2% to this rate.

Texas property tax

Property taxes in Texas are among the highest in the United States. The average effective property tax rate in Texas is 1.81% of the property’s assessed value.

Texas capital gains tax

Since Texas does not have a state income tax, it also does not tax capital gains, which are considered a form of income.

Texas gas tax

Texas imposes a flat rate gas tax of 20 cents per gallon.

Texas tobacco tax

The tobacco tax in Texas is $1.41 per pack of 20 cigarettes.

Texas insurance tax

Insurance companies in Texas are required to pay a tax of 1.6% on the gross amount of premiums.

FAQs

How do I calculate my Texas income tax?

No income tax so no calculation needed.

How much is $59000 a year after taxes in Texas?

A single Texan who earns a $59,000 annual salary, has a total income tax of $9,754 and $49,246 after-tax income.