JandKit
Employee Tax Expert

Self employed

Excellent answer was given to your question. If on the off chance you refer to other income:

 

No Tennessee State Income Tax

Tennessee is one of the seven states that does not impose an income tax. Taxpayers are not required to file a state return or pay tax on their wages and monetary bonuses. The only income subject to tax is investment dividends and interest. That includes stocks, bonds, and receivable notes and is taxed at a flat four percent rate for 2017.

Under this law, the first $1,250 in taxable income for Single filers is exempt from the tax (2,500 for joint filers). Taxpayers who make less than $37,000 annually and are over 65 years of age are also exempt from paying income tax on any earnings from investments.

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