2010 TaxGrams™
TaxGrams logoTennessee state seal
State and Local Taxes
Tennessee State Tax Summary

Tennessee state tax summary, 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).

For more links, search, help, forms and more, click on the tabs below or go to:

    taxmOuth Tennessee Taxes

Tennessee Tax Contacts

Tennessee Tax FAQs

Tennessee Tax Forms

Tennessee Corporate Taxes

  • taxmOuth Tennessee Corporate Taxes
  • Tennessee Tax 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%

Tennessee Tax Incentives and Credits

Tennessee Individual Income Taxes

  • taxmOuth Tennessee Individual Income Taxes
  • Tennessee tax rates and 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

Tennessee Estate, Gift and Inheritance Taxes

Tennessee Miscellaneous Taxes

Tennessee Pass-through Tax Treatment

Tennessee Payroll Taxes

Tennessee Property Taxes

  • taxmOuth Tennessee 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)

Tennessee Sales and Use Taxes

  • taxmOuth Tennessee 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
  • Gasoline: Exempt
  • Groceries: Partial

« Back to State Tax Summary Home