Tennessee Salary & Paycheck Calculators
Updated October 2024Tennessee stands out among U.S. states for its tax structure, as it does not impose a state income tax on wages or salaries. This unique approach can significantly impact your net income, potentially resulting in higher take-home pay compared to states with income taxes.
Tennessee Income Tax Highlights
Social Security benefits and other retirement income are not taxed at the state level While Tennessee doesn't have a state income tax on earned income, it's important to note that residents are still subject to federal income taxes. Additionally, the state relies on other forms of taxation to fund its operations, such as:
- Sales tax (7% state rate, with additional local taxes in some areas)
- Property taxes
- Various excise taxes
Tennessee Calculators & Tools
Calculate Your Take-Home Pay
Input your income details and see how much you make after taxes and deductions.
Bonus Calculators
Find out how much your bonus will be taxed.
Net-to-Gross
Find out how much your gross pay should be for a specific take-home pay.
Withholding Forms
Specialty Calculators
Dual Scenario Hourly
Compare your take home pay in different hourly scenarios.
Dual Scenario Salary
Compare your take home pay in different salary scenarios.
401k Calculator
See how increasing your 401k contributions will affect your paycheck and your retirement savings.
Tax Tip Calculator
Determine your take home from tips after taxes
Key Points to remember about the Tennessee Paycheck Structure
- No state income tax on wages or salaries
- No local income taxes at the city or county level
- The Hall Income Tax on investment income was fully phased out as of January 1, 2021
Understanding these aspects of Tennessee's tax landscape is crucial for accurately estimating your net income and managing your finances effectively in the Volunteer State. While the absence of state income tax on wages simplifies paycheck calculations, it's important to consider the overall cost of living and other taxes when evaluating your financial situation in Tennessee.
Learn more about the Payroll Process in Tennessee
Visit the Tennessee Payroll Guide page
Fun Facts
Tennessee is known for its contributions to music, particularly country and blues, with Nashville as the "Music City" and Memphis as the birthplace of rock 'n' roll. The state is also home to Great Smoky Mountains National Park.
