Alabama Tax FAQs

• taxmOuth Alabama Tax FAQs

Alabama Tax Forms

• taxmOuth Alabama Tax Forms

Alabama Corporate Taxes

• taxmOuth Alabama Corporate Taxes
• Alabama Tax Rates & Brackets:
  
  2%> $0
  
• Loss Carry-back/fwd: 0 Years Back / 15 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: Y
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: 0.180% up to $15,000

Alabama Tax Incentives and Credits

• taxmOuth Alabama Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Alabama Individual Income Taxes

• taxmOuth Alabama Individual Income Taxes
• Alabama tax rates and brackets:
  
  2%> $0
  4%> $500
  5%> $3,000
  
• Local Option IT Rate: 0.19%
• Federal Inc used as Base?: N
• Standard Deductions: Single $2,000 / Joint $4,000
• Personal Exemptions/Credits (c): Single $1,500 / Joint $3,000 / Dependent $300
• Federal Tax Deductible?: Y
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Alabama Estate, Gift and Inheritance Taxes

• taxmOuth Alabama Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Alabama Miscellaneous Taxes

• taxmOuth Alabama Miscellaneous Taxes
• Gas Tax: 21.2 cents/gallon
• Diesel Tax: 22.2 cents/gallon
• Cigarette Tax: 45.5 cents/20 pack

Alabama Pass-through Tax Treatment

• taxmOuth Alabama Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Alabama Payroll Taxes

• taxmOuth Alabama Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #16

Alabama Property Taxes

• taxmOuth Alabama Property Taxes
• Median Tax Paid on Homes (Rank): $383 (#49)
• Median Value of Homes: $121,500
• Tax as % of Home Value (Rank): 0.32% (#48)
• Median Income of Homeowner: $52,843
• Tax as % of Income (Rank): 0.72% (#49)

Alabama Sales and Use Taxes

• taxmOuth Alabama Sales and Use Taxes
• State Rate: 4.0%
• County & City (Weighted Ave): 2.15%
• Combined State and Ave. Local Rates (Rank): 6.15% (#31)
• General Treatment of Services: Exempt
• Gasoline: Exempt
• Groceries: Taxable