Wyoming Income Tax Calculator
Estimate your Wyoming income tax burden
Updated for 2024 tax year on Apr 24, 2024
Income tax calculators by state
Wyoming state taxes
Quick Wyoming tax facts
- State income tax: None
- State sales tax: 4%
- Property tax: 0.61%
- Gas tax: 24.00 cents per gallon
- Tobacco tax: $0.60 per pack of cigarettes
- Insurance premium tax: 0.75% to 1%
From Wikipedia
Wyoming income taxes
Wyoming stands out among U.S states, as it levies no state income tax. This provides a considerable boost to residents’ net income.
In line with its policy of zero income tax, Wyoming does not have a state payroll tax or local income tax.
Since Wyoming doesn’t levy an income tax, the concepts of standard deductions and exemptions don’t apply in the state’s tax structure.
Wyoming sales tax
The sales tax in Wyoming is relatively low, standing at 4% statewide. However, local jurisdictions can add their own taxes of up to 2%.
Wyoming property tax
Property tax rates in Wyoming are lower than the national average, with an average rate of 0.61% of a property’s assessed value.
Wyoming capital gains tax
As Wyoming does not have a state income tax, it also does not tax capital gains separately.
Wyoming gas tax
The gas tax in Wyoming is 24.00 cents per gallon.
Wyoming tobacco tax
The tobacco tax in Wyoming stands at $0.60 per pack of cigarettes.
Wyoming insurance tax
Wyoming charges a premium tax of 0.75% for casualty insurance and 1.00% for life insurance.
FAQs
How do I calculate my Wyoming income tax?
No state-level income tax. Nothing to calculate.
How much is $61000 a year after taxes in Wyoming?
A single filing Wyomingite takes home $50,653 after a total income tax of $10,347.