TN
Tennessee Income Tax Guide
Tennessee has no state income tax on wages. The former tax on investment income was fully repealed in 2021.
Top Tax Rate
0%
No income tax
Average Salary
$54,000
Annual average
Cost of Living
91
100 = national avg
Local Taxes
No
City/county taxes
Key Highlights
- No state income tax
- Booming Nashville economy
- Low cost of living
Major Cities
Nashville
Memphis
Knoxville
Chattanooga
Estimated Take-Home on $54,000
Gross Annual
$54,000
Federal Tax (est.)
-$6,480
State Tax (0%)
$0
FICA (7.65%)
-$4,131
Net Take-Home
$43,389
$3,615/month
Tennessee Tax Calculator
Pre-filled with Tennessee's 0% top rate
Other No-Tax States
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