Tennessee - Individual Income Tax

February 3rd, 2010

Tennessee’s individual income tax is imposed on interest and dividend income only. It applies to individuals and entities receiving interest from bonds/notes and dividends from stock ― it is not imposed on the individual wages or salaries of residents.
The individual income tax has a flat rate of 6%. All taxable income that exceeds Tennessee’s $1,250 [...]

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Tennessee - Sales and Use Tax

February 3rd, 2010

The sales and use tax has two components: the sales tax and the use tax. These taxes are complementary (the use tax is imposed only when sales tax was not) and they apply to the gross sales of any business/person engaged in retail sales. Retail sales include the selling, renting, or leasing of tangible personal [...]

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Tennessee - Corporate Tax

February 3rd, 2010

Tennessee imposes two taxes on the privilege of doing business in the state: the franchise tax and the excise tax. While these are two separate state taxes, they are part of the same taxing scheme ― a corporation that is liable for one tax is generally liable for both. These taxes apply to all corporations, [...]

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Tennessee - Property Tax

February 3rd, 2010

Property taxes in Tennessee are administered by local governments ― county officials assess property values, determine local rates and collect taxes. The State Board of Equalization ensures that proper rules/procedures are followed and reviews appeals beyond the county level.
There are two main types of property: real property and personal property.

Real Property (or real estate) [...]

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Tennessee - Other Taxes

February 3rd, 2010

Alcoholic Beverage Taxes
The following tax rates apply to alcoholic beverage wholesalers who must remit tax to the Tennessee Department of Revenue on the sales of alcoholic beverages.

Distilled Spirits ― $4.40 per gallon
Wine ― $1.21 per gallon
Alcoholic beverages ― $0.15 per case
Beer Barrelage ― $4.29 per 31-gallon barrel
Beer Wholesale Tax ― [...]

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Tennessee - Tax Tips & Helpful Facts

February 3rd, 2010

For more information about Tennessee’s major taxes, visit the “Tax Guides” webpage.
Stay up-to-date on current tax news by visiting the Department of Revenue Newsroom.
Keep organized! Although it may not lower your taxes, good organization will lessen the hassle of gathering your documents at the last minute. Consider using a personal finance software program throughout the [...]

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Tennessee: Directory of Counties

February 3rd, 2010

There are 95 counties in Tennessee. Each county’s official government website, if available, can be found by clicking on the county name.
Anderson County
Bedford County
Benton County
Bledsoe County
Blount County
Bradley County
Campbell County
Cannon County
Carroll County
Carter County
Cheatham County
Chester County
Claiborne County
Clay County
Cocke County
Coffee County
Crockett County
Cumberland County
Davidson County
Decatur County
DeKalb County
Dickson County
Dyer County
Fayette County
Fentress County
Franklin County
Gibson County
Giles County
Grainger County
Greene County
Grundy County
Hamblen County
Hamilton County
Hancock [...]

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Indiana State Taxes

January 28th, 2010

Indiana is the 16th largest U.S. state by population. Located in the Mid-West, Indiana (a.k.a. the Hoosier State) has 92 counties as well as numerous cities and towns that operate with their own local governments.
Indiana is often referred to as the “Crossroads of America” ― more interstate highways connect in Indianapolis (the state capital and [...]

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Indiana - Individual Income Tax

January 28th, 2010

The State of Indiana imposes an income tax at a flat rate 3.4% of federal adjusted gross income (AGI). This applies to all residents, nonresidents (with income from Indiana sources), estates, and trusts ― partnerships are exempt.

Who Must File
In general, you must file an Indiana individual income tax return if either of the following applies:

[...]

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Indiana - Sales and Use Tax

January 28th, 2010

The sales and use tax has two components: the sales tax component and the use tax component. These taxes are complementary ― a purchase is subject to one or the other, not both combined. Both taxes have the same rate of 7% (effective since April 1, 2008).

Sales Tax
The sales tax (or “retail sales tax”) applies [...]

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