Tennessee Tax Calculator
Estimate your Tennessee state income tax liability based on your taxable income. Tennessee has a flat tax rate on interest and dividends income only; regular wages are not taxed.
Published by:
isCalculator Editorial Team
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How to use this tool?
How to Use the Tennessee Tax Calculator
- Enter Interest Income: Type your total interest income (e.g., from savings accounts) in the Interest Income field. Use a positive number or zero.
- Enter Dividend Income: Type your total dividend income in the Dividend Income field. Use a positive number or zero.
- Select Filing Status: Choose Single or Married Filing Jointly from the dropdown. This determines your exemption amount ($1,250 for Single, $2,500 for Married).
- Calculate: Click the Calculate Tax button. The result shows your estimated tax (1% flat rate on taxable investment income after exemption).
- Review Results: The output displays the tax amount, total investment income, exemption, and taxable income. If you see an error, correct negative values or ensure at least one income is entered.
Note: This calculator only applies to interest and dividend income—Tennessee does not tax wages. All values must be in U.S. dollars.
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Frequently Asked Questions
No, Tennessee does not tax earned income such as wages, salaries, or tips. The state only taxes interest and dividend income.
Tennessee imposes a flat 1% tax on interest and dividend income (Hall income tax). This rate is applied after exemptions.
For single filers, the exemption is $1,250. For married filing jointly, the exemption is $2,500. This reduces the taxable portion of investment income.
