Tennessee State Tax Help and Forms

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Tennessee State Tax Help and Forms (Subscribe)

Tennessee tax help, forms and answers to thousands of Tennessee tax questions. Handy summary of all Tennessee taxes, including corporate and individual Tennessee income taxes, credits, exemptions, deductions and more. Includes Tennessee estate, gift and inheritance tax, miscellaneous Tennessee taxes, pass-through entity treatment, payroll taxes, property taxes and Tennessee sales & use taxes.

Tennessee ranks #22 on the State Business Tax Climate Index (TaxFoundation.org).

**Tennessee State Tax Summary (TaxGrams ™)**

Corporate Taxes *Rates & Brackets:* 6.5%> $0 *Loss Carry-back/fwd:* 0 Years Back / 15 Years Forward (Unlimited) *Throwback Sales?:* N *Foreign Tax Deductible?:* Y *Alternative Minimum Tax (AMT):* N *Gross Receipts Tax:* N *Capital Stock (Net Worth) Tax?:* 0.250% Credits and Incentives *Job Credits?:* Y *R&D Credits?:* Y *Investment Credits?:* N Individual Taxes *Rates & Brackets:* 6%> $0 *Local Option IT Rate:* None *Federal Inc used as Base?:* N *Standard Deductions:* Single None / Joint None *Personal Exemptions/Credits (c):* Single $1,250 / Joint $2,500 / Dependent None *Federal Tax Deductible?:* N *State Tax Deductible?:* Y *Alternative Minimum Tax (AMT)?:* N Inheritance, Gift, Estate, Death Taxes *Gift Tax?:* Y *Estate Tax?:* Copies Federal *Inheritance Tax?:* Y *Generation-Skipping Tax?:* N Miscellaneous Taxes *Gas Tax:* 21.4 cents/gallon *Diesel Tax:* 18.4 cents/gallon *Cigarette Tax:* 62.0 cents/20 pack Pass-through Entities *LLC Pass-through Recognized?:* Y *S-Corp Pass-through Recognized?:* N Payroll Taxes *Unemployment Insurance Tax Index (TaxFoundation.org):* #32 Property Taxes *Median Tax Paid on Homes (Rank):* $924 (#41) *Median Value of Homes:* $138,600 *Tax as % of Home Value (Rank):* 0.67% (#34) *Median Income of Homeowner:* $53,794 *Tax as % of Income (Rank):* 1.72% (#38) Sales and Use Taxes *State Rate:* 7.00% *County & City (Weighted Ave):* 2.41% *Combined State and Ave. Local Rates (Rank):* 9.41% (#1) *General Treatment of Services:* Exempt *Gas Exemption:* Exempt *Grocery Exemption:* Partial