topic Re: State Tax Form in State tax filing

State Tax Form

1l0v3lucy — Sat, 27 Feb 2021 22:46:20 GMT

I submitted my taxes in January. It kept prompting me to apply for state taxes eventhough the instructions started with "It looks like you do not need to submit state taxes" (loose wording). So, my return says it was accepted, but I'm still getting the notification and suggestion to file Tennessee State Tax. It says something about dividends and interest- I'm not for sure if I qualify for that-, but when I clicked the more info link it sent me to turbotax home webpage. I want to prevent assuming it was submitted and accepted when, in reality, it was never sent and I get audited or something; All because I, unknowingly, didn't file a required state tax. 2/272021 Tennessee

Re: State Tax Form

JotikaT2 — Sat, 27 Feb 2021 23:01:53 GMT

Tennessee only taxes interest and dividend income as part of their Hall income tax.

The Hall tax would apply if you have interest and dividend income that exceeds $1,250 or $2,500 if you are filing jointly.

Please see the attached link for more information.

States without income tax for individuals

If your Tennessee interest and dividend income exceeds the amounts above, you would still need to file a return in Tennessee. If it does not, you will not have a filing requirement in TN.

Re: State Tax Form

Bill40Gandy — Mon, 04 Apr 2022 21:05:43 GMT

I understand that Tennessee doesn't have a state income tax, however, one's dividends and interest are taxed. Turbotax sent me an automated email to finish filing my Tennessee Income Tax. It's a mystery how one can return to the State Filing Section of Turbotax to do this. It's only a couple of "Continue" from being completed. I've worked over eight (8) hours trying to return to the State Income but it only returns me to the completed and filed Federal Income Data.

Re: State Tax Form

PattiF — Tue, 05 Apr 2022 02:44:18 GMT

Tennessee does not have a state income tax at all beginning with the tax year 2021. You cannot file a tax return for Tennessee starting in 2021.

@Bill40Gandy

Re: State Tax Form

Bill40Gandy — Tue, 05 Apr 2022 03:04:05 GMT

I cut and pasted this from the Tennessee Revenue Department. "The only forms of taxable income in Tennessee are interest and dividend income, and this law is being phased out in 2021 and beyond. However, regardless of this tax, it does not cover interest or dividends earned by retirement accounts, such as a 401 (k) or an IRA."

Re: State Tax Form

Bill40Gandy — Tue, 05 Apr 2022 03:11:47 GMT

HIT-1 - Tennessee Income Tax on Interest and Dividend Income

March 26, 2022 13:55

Tennessee imposes a limited income tax on certain dividend and interest income. There is no state income tax on earned income.

Re: State Tax Form

Bill40Gandy — Tue, 05 Apr 2022 05:03:54 GMT

Tennessee's Hall Income tax was repealed for tax periods that begin on January 1, 2021, or later. Please do not file a return for any tax year that begins on or after January 1, 2021. Thank You!!!

Re: State Tax Form

Bill40Gandy — Tue, 05 Apr 2022 05:06:52 GMT

Tennessee's Hall Income tax was repealed for tax periods that begin on January 1, 2021, or later. The Tennessee Department of Revenue said, "Please do not file a return for any tax year that begins on or after January 1, 2021." Thank You!!