iCalculator™ TN (US)"Informing, Educating, Saving Money and Time in Tennessee"
US Tax 2024

iCalculator™ US: Tennessee Tax Calculators

Welcome to iCalculator™ US, your comprehensive suite of free tax calculators for Tennessee. iCalculator™ has provided free tax calculators for Tennessee since 2014. Since those early days we have extended our resources for Tennessee to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. View all tax calculators and tools in the Tennessee Tax Hub or use the Tennessee Tax Calculator for 2024 (2025 Tax Return).

Tennessee Tax Calculator 2024
*** Please enter your income ***
Advanced Tennessee Salary Calculator 2024
FICA (Federal Insurance Contributions Act):
Itemized Deductions:
Retirement Plan Contributions:
About you:
About your spouse (complete if Married filing Jointly:
Local Taxes and Additional Taxes:
Additional Tennessee State Tax Deductions and Credits:
Additional Federal Tax Deductions and Credits:
Work Time Settings [for fine tune computation of hourly rates etc.]:
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Tennessee Tax Calculator 2024/25

The Tennessee Tax Calculator is for the 2024 tax year which means you can use it for estimating your 2025 tax return in Tennessee, the calculator allows you to calculate income tax and payroll taxes and deductions in Tennessee. This includes calculations for

  1. Employees in Tennessee to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Tennessee.

The Tennessee Tax Calculator for 2024 encompasses a comprehensive suite of features to cater to your tax calculation needs. Key features include detailed calculations for Federal Income Tax based on the latest tax tables and allowances, FICA contributions covering both Social Security and Medicare, and automatic calculations for the Earned Income Tax Credit (EITC). Additionally, it allows for the consideration of retirement plan contributions, including 401(k), 403(b), SARSEP, and 457 plans, as well as SIMPLE plans, with specific limits for 2024. The calculator also supports Schedule A (Form 1040) for Federal Itemized Deductions, local tax calculations, and the inclusion of additional taxes or deductions.

For those seeking a deeper understanding and more detailed information on these features, including how they apply to your individual tax situation, it's recommended to view the comprehensive instructional overview here. This additional resource provides extensive insights into each feature, ensuring you can maximize your tax deductions and credits effectively for the 2024 tax year.

Discover Tennessee, United States

Tennessee, a state in the southeastern United States, is known for its varied landscapes ranging from the Appalachian Mountains in the east to the Mississippi River bordering the west. Tennessee shares its borders with eight other states: Kentucky and Virginia to the north, North Carolina to the east, Georgia, Alabama, and Mississippi to the south, and Arkansas and Missouri to the west. Each of these neighboring states contributes to Tennessee’s diverse cultural and economic interactions. Explore more about Tennessee's neighbors: Kentucky, Virginia, North Carolina, Georgia, Alabama, Mississippi, Arkansas, and Missouri.

Culturally, Tennessee is rich and diverse, known globally for its influential contributions to music genres such as country, blues, and rock and roll. Cities like Nashville and Memphis are iconic in the music industry, with Nashville often referred to as the "Music City." Tennessee's cultural heritage also includes significant historical landmarks from the Civil War, contributing to its unique identity within the United States.

Tennessee's economy is as diverse as its landscape, with key sectors including manufacturing, agriculture, and tourism. The state is a major hub for the automotive industry, hosting facilities for several major car manufacturers. Agriculture remains a significant part of the economy, with soybeans, cotton, and cattle as some of the primary products. Additionally, Tennessee's rich cultural heritage and natural beauty, including the Great Smoky Mountains National Park, attract millions of tourists annually, bolstering the state's economy through tourism and entertainment.

The state's economy also benefits from a strong healthcare sector, centered in Nashville, which is home to a large number of healthcare companies and hospitals. Furthermore, Tennessee's central location in the southeastern United States, combined with its extensive river system and major freight railroads, makes it a crucial logistics and transportation hub, contributing significantly to its economic strength.

Overview of Taxation in Tennessee, United States

Understanding the taxation system in Tennessee, part of the United States, is essential for both individuals and businesses. Taxation in the U.S. is administered at two main levels: federal and state. This overview focuses specifically on the state tax types and compliance requirements in Tennessee, excluding detailed rates and figures.

State Taxes in Tennessee

Tennessee's tax system is characterized by several key state-level taxes. The structure and administration of these taxes play a significant role in both the state’s revenue and the financial responsibilities of its residents and businesses.

1. Sales Tax

Tennessee relies heavily on sales tax as a primary source of revenue. This tax is levied on most goods and certain services purchased within the state. The sales tax rate varies depending on the local jurisdictions in addition to the state-imposed rate.

2. Income Tax

Tennessee has a unique approach to personal income tax. Traditionally, the state did not tax earned income but did impose tax on certain types of investment income. It's important for residents to understand the specific types of income that are subject to tax under Tennessee law.

3. Property Tax

Property tax in Tennessee is primarily administered at the local level, with rates varying across different counties and municipalities. These taxes fund essential local services like schools, roads, and public safety.

4. Business Taxes

Businesses operating in Tennessee are subject to various state taxes, including business tax and franchise and excise taxes. These taxes vary based on the nature and size of the business.

Compliance and Reporting in Tennessee

Compliance with Tennessee's tax laws involves understanding the various filing requirements and deadlines. Both individuals and businesses must ensure accurate reporting and timely payment of taxes to avoid penalties. The state provides resources and assistance for taxpayers to understand their obligations and complete their filings correctly.