No State Income Tax In Tennessee
Tennessee’s tax laws are getting more favorable every year. The state does not tax individual wage income earned by its residents. The gift tax was repealed January 2012. The estate tax was repealed January 2016. The Hall Income Tax was repealed in January 2022.
TENNESSEE is friendly to business and helping retirees to feel more financially secure.
KIPLINGER rated Tennessee as the fifth best state to retire in 2018.
Based on financial factors including cost of living, tax burden and affordability of healthcare.
USNEWS QUOTE: Tennessee is the top state for fiscal stability.