Wyoming Income Tax Calculator

Estimate your Wyoming income tax burden

Updated for 2024 tax year on Apr 24, 2024

What was updated? 2024 federal/state income tax, FICA, state payroll tax, federal/state standard deduction, exemptions & local income taxes
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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%
Wyoming state

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.