Tennessee State Income TaxesThe state of Tennessee's filing deadline is April 15th, much the like all the other states. However, this tax isn't applied to your wages, which makes Tennessee a lot different from other states.
This page:
• Lists basic Tennessee state tax information
• Links to the major Tennessee income tax forms
• Shows you how you can save time and money by e-filing
Make your capital gains reporting easier!
Do your taxes online, for free:
TurboTax allows you to work on your return for free, until you file. Work on your federal, state, and small business taxes, and pay nothing until you are satisfied with your return. Start now.
You'll avoid costly mistakes, and take advantage of all possible credits and deductions. And reporting your capital gains is a snap with TurboTax.
Tennessee state taxes at a glance:Tax Rate: 6.0%
Income Brackets: None
Number of Brackets: None
Personal Exemptions*: Single - $4,400; Married - $8,800; Dependents - $1,000
Standard Deduction: None
Medical/Dental Deduction: None
Federal Income Tax Deduction: None
*There are additional exemptions for the elderly and blind. Filing your Tennessee state income tax returnTennessee income tax is very simple. The state does not apply a tax to salaries and wages. Only income earned from investments such as stocks, bonds and notes is taxable.
The amount of dividends and interest you darned during the year that exceeds the limit for your filing status is taxable at a rate of 6.0%. For single household filers this maximum amount is $1,250 and for joint filers it is $2,500.
Companies doing business in and individuals living in Tennessee are responsible for filing Form INC 250 by April 15th. Sidebar
You can work on your Tennessee tax return online while filing your federal return (you can work on it for free, and pay nothing until you are ready to file), or use tax preparation software that you install on your computer.
Note: if you are filing more than one state return, you must either use the software, or file a paper return for each additional state, as TurboTax for The Web only allows one state prep.
Tennessee income tax formsThe main Tennessee tax forms are:
Form INC 250 | 2011 Tennessee Individual Income Tax Return|
If you need Tennessee income tax forms that are not listed here, you can download them from the Tennessee tax forms site.
Or, just simply e-file!
Additional TN state taxes helpIf you need help with your federal tax return, start with our basic guide to tax filing.
For additional help with filing TN income tax returns, see the official site of the Tennessee Department of Revenue.
State income tax info:
|
 |
Filing your taxes is easy
Use TurboTax this year, and you are guaranteed the biggest refund, the most accurate return, and the piece of mind of knowing that the IRS has received your filing.
Choose from the free program for simple returns, to the deluxe and premier products for those filing a full 1040 with schedules C/D and other forms.
You can have your return reviewed by a tax pro, too!
Start here.
How about a $600 refund, right now?
Okay, maybe it's not really a refund, but if you could save $600 on your auto insurance this year, wouldn't that be the same as getting some money back from the IRS?
It only takes a couple of minutes to see how much you could save.
Enter your ZIP Code below to start:
|
