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That is correct unless you have investment income. Tennessee does not have a state income tax and does not require a return unless you have income from bonds, stocks or receivable notes.
Those amounts from bonds, stocks, and receivable notes are taxed at a 5% flat rate and you will need to file a return. The first $1,250 in taxable income from a single filer is exempt and the first $2,500 of taxable income from a joint filer is exempt. Also, a tax exemption applies for taxpayers older than 65 who either have income less than $33,000 (single filers) or $59,000 (joint filers).
That is correct unless you have investment income. Tennessee does not have a state income tax and does not require a return unless you have income from bonds, stocks or receivable notes.
Those amounts from bonds, stocks, and receivable notes are taxed at a 5% flat rate and you will need to file a return. The first $1,250 in taxable income from a single filer is exempt and the first $2,500 of taxable income from a joint filer is exempt. Also, a tax exemption applies for taxpayers older than 65 who either have income less than $33,000 (single filers) or $59,000 (joint filers).
How can correct my taxes so i can get a stimulus check
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