Skip to Content


Home > Taxes > State and Local Taxes > Tennessee State Tax Help and Forms

Tennessee State Tax Help and Forms (Subscribe)

    SocialTwist Tell-a-Friend    

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

 
 

Categories

Related Categories

Links

Tennessee Tax Forms popular

Publications and tax forms (including tax form drafts) are available here for downloading in Adobe (.pdf) format.

http://www.state.tn.us/revenue/forms/index.htm

Review It Rate It Bookmark It Report Broken Link

Tennessee Tax Rulings

Sales and use corporate franchise tax and excise and miscellaneous tax rulings back to 1995, most in Adobe (.pdf).

http://www.state.tn.us/revenue/rulings/index.htm

Review It Rate It Bookmark It Report Broken Link