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Sales Tax Calculator
For Total Sales of $368,000
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Annual
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Rates
Income
$368,000
Sales Tax Rate
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Total Sales Tax
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Navigating the complexities of sales tax can be a daunting task for businesses and consumers alike, especially in a state like Tennessee where the rules and regulations can vary significantly. Understanding the nuances of sales tax in Tennessee is crucial for compliance and financial planning.
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Table of contents
Sales tax in Tennessee is a consumption tax imposed by the government on the sale of goods and services. It is collected by the seller from the consumer at the point of purchase and is then remitted to the state. This tax is a significant source of revenue for the state, funding various public services and infrastructure projects.
In Tennessee, most tangible personal property is subject to sales tax. However, there are certain items that are either exempt or have special tax considerations. Here are some examples:
Calculating sales tax in Tennessee involves determining the applicable tax rate for the transaction, which can vary based on the location and type of goods or services sold. The Tennessee sales tax rate is a combination of the state rate and any applicable local rates. Businesses often use tools like the Tennessee sales tax calculator or TN sales tax calculator to ensure accuracy in their calculations.
With sales tax laws constantly changing, using an app like FlyFin helps simplify sales tax management. FlyFin is changing the tax industry by combining artificial intelligence with the skills of professional CPAs. It handles both simple and complicated filings, offering accurate results 20 times faster and at 5 times the savings. Plus, FlyFin offers your first sales tax filing for free, allowing you to focus on your business while they manage the tax complexities for you.
While sales tax is collected at the point of sale, use tax applies to goods purchased out of state and brought into Tennessee for use. This ensures that all goods used in Tennessee are taxed equally, regardless of where they were purchased. Understanding this distinction is crucial for businesses that operate across state lines.
Tennessee has established economic nexus thresholds that determine when out-of-state sellers must collect sales tax. These thresholds are based on the dollar amount of sales or the number of transactions made within the state. Staying informed about these thresholds is essential for compliance.
The frequency of sales tax filing in Tennessee depends on the volume of sales a business conducts. Businesses may be required to file monthly, quarterly, or annually. It's important to adhere to these schedules to avoid penalties.
Missing a sales tax filing deadline in Tennessee can lead to penalties and interest charges. If a deadline is missed, it's crucial to file as soon as possible and pay any outstanding taxes to minimize additional costs. Contacting the Tennessee Department of Revenue for guidance can also be beneficial.
Tennessee's sales tax has evolved over the years, reflecting changes in economic conditions and policy priorities. Originally implemented to fund state projects, the tax has become a cornerstone of Tennessee's revenue system. Unlike many states, Tennessee does not impose a state income tax, making sales tax a critical component of its fiscal strategy.
Compared to other states, Tennessee's reliance on sales tax is unique due to the absence of a state income tax. Local policies can also impact the overall Tennessee sales tax rate, as municipalities may impose additional local taxes to support community services. This can lead to variations in the TN sales tax rate across different regions.
Tennessee has streamlined its sales tax collection process with the introduction of online filing systems and resources like the Tennessee sales tax calculator. Businesses can use these tools to ensure accurate reporting and compliance. Additionally, the state provides educational resources to help businesses understand their obligations and navigate the complexities of sales tax Tennessee.
County
Total Sales Tax Rate
Facts and figures about
County, Tennessee
13,569
CPAs across the state
6,910,840
Residents as of 2022
460,300
People claiming self- employment tax deductions
128,500
S-Corps statewide
187,120
People taking itemized deductions
426,940
People claiming the QBI deduction
😵💫 1 Tennessee CPA for every 300 residents results in high CPA rates
😓 19 million taxpayers missed the filing deadline last year
😨 30 million taxpayers miss deductions without the right tax expert
😣 Almost 1/2 of all Americans pay more tax than necessary
Tennessee State Income Tax Rates & Brackets for 2023
The following tables represents Tennessee's income tax rates and tax brackets:
SINGLE FILER
Brackets
Rates
n.a
none
MARRIED FILING JOINTLY
Brackets
Rates
n.a
none
Filing Status
Standard Deduction Amt.
Single
n.a.
Couple
#VALUE!
Tennessee State IRS Statistics of Income for 2020
Item
(All amounts are in 1000s of dollars)
Number of returns
Number of single returns
Number of joint returns
Number of head of household returns
Number of individuals
Adjusted gross income (AGI)
Total income: Number
Amount
Salaries and wages in AGI: Number
Amount
Business or profession net income (less loss): Number
Amount
Partnership/S-corp net income (less loss): Number
Amount
Self-employed health insurance deduction: Number
Amount
Student loan interest deduction: Number
Amount
Charitable contributions if took standard deduction: Number
Amount
Total itemized deductions: Number
Amount
State and local income taxes: Number
Amount
State and local general sales taxes: Number
Amount
Qualified business income deduction: Number
Amount
Child and dependent care credit: Number
Amount
Child and other dependent tax credit: Number
Amount
Self-employment tax: Number
Amount
Earned income credit: Number
Amount
Refundable education credit: Number
Amount
Recovery rebate credit: Number
Amount
Total tax liability: Number
Amount
Total additional Medicare tax: Number
Amount
Net investment income tax: Number
Amount
Tax due at time of filing: Number
Amount
Total overpayments: Number
Amount
All returns
3,349,310
1,632,950
1,180,300
451,240
6,201,280
221,175,861
3,268,020
224,240,121
2,667,190
149,003,234
605,880
11,022,645
128,500
9,666,619
77,340
526,690
192,210
143,562
838,490
222,211
187,120
8,033,807
27,690
531,744
132,270
397,019
426,940
3,076,400
98,800
52,007
798,200
1,635,683
460,300
1,883,558
616,380
1,467,217
126,240
108,393
635,350
918,174
2,370,350
29,425,144
77,430
174,693
81,340
480,562
587,830
3,887,265
2,653,960
9,213,493
Under $1
119,220
87,900
21,310
6,310
160,440
0
37,990
0
10,870
402,027
20,720
0
7,010
0
2,390
13,293
1,500
1,501
15,510
4,019
0
0
0
0
0
0
0
0
10
7
80
98
5,260
17,637
6,430
9,280
1,860
1,687
67,320
99,631
6,870
21,350
360
895
0
0
3,490
7,957
85,020
239,883
$1 under $10,000
438,020
350,190
41,300
38,560
483,790
2,155,498
437,970
2,229,220
300,290
1,601,862
76,030
207,156
3,650
0
4,240
13,027
4,240
3,262
51,470
12,161
2,460
55,073
200
576
1,640
1,777
1,020
251
0
0
300
117
60,450
43,473
147,690
177,594
14,260
12,197
125,240
191,695
72,160
47,393
20
22
0
0
32,230
15,969
354,150
532,204
$10,000 under $25,000
679,700
432,100
90,870
141,610
1,067,860
11,779,453
679,700
11,975,341
527,250
8,336,230
139,220
941,237
6,860
0
8,180
25,846
15,640
10,815
106,320
26,722
7,070
173,232
520
1,074
4,970
7,000
45,630
30,497
4,900
1,493
72,650
25,937
109,240
186,057
249,370
788,859
31,920
27,287
150,460
230,087
396,980
371,752
50
33
0
0
56,630
64,018
605,180
1,768,641
$25,000 under $50,000
844,040
446,080
190,320
176,700
1,500,720
30,600,823
844,040
30,928,645
734,640
24,593,524
119,670
979,365
12,230
62,554
11,480
47,214
53,090
36,879
183,940
47,423
20,780
528,761
1,760
3,792
13,960
28,169
87,700
142,742
23,960
13,168
257,300
325,165
81,770
217,329
204,400
486,778
29,330
24,975
116,840
162,481
665,900
1,560,094
130
167
0
0
112,070
176,250
727,840
2,105,260
$50,000 under $75,000
458,090
184,060
203,200
55,360
926,890
28,098,138
458,090
28,401,956
395,540
21,725,079
72,510
892,303
12,190
121,724
9,220
48,756
46,320
35,525
141,400
37,741
24,940
658,110
2,470
7,425
16,960
37,236
66,620
173,991
15,740
7,854
149,760
358,336
53,140
180,688
8,500
4,706
15,570
13,295
62,080
81,355
424,990
2,046,008
100
129
20
5
96,820
218,136
360,120
1,025,460
$75,000 under $100,000
277,770
66,030
188,910
17,460
652,420
24,055,403
277,770
24,309,294
239,180
17,923,051
49,740
805,967
11,740
149,743
7,350
44,303
29,490
21,335
106,540
29,144
21,060
590,613
2,660
9,885
14,530
34,815
52,290
173,167
15,080
7,816
103,420
295,945
38,380
156,980
0
0
11,590
9,840
43,150
49,537
272,420
2,063,662
110
144
0
0
71,080
213,680
206,140
689,269
$100,000 under $200,000
390,910
52,290
321,230
12,470
1,014,790
52,675,409
390,910
53,328,240
339,730
38,470,647
83,220
2,217,817
31,040
756,978
15,720
117,629
41,930
34,245
179,860
49,975
50,960
1,671,380
7,780
45,169
36,300
106,354
102,120
543,832
29,090
16,022
165,500
483,498
66,700
402,534
0
0
21,700
19,112
69,070
102,806
389,530
6,131,871
3,680
1,310
1,230
396
140,290
678,941
249,810
1,097,808
$200,000 under $500,000
113,470
11,480
98,760
2,240
314,430
32,547,165
113,470
33,221,698
97,090
21,037,676
34,020
2,713,837
27,340
2,079,011
12,310
130,543
0
0
46,560
13,078
41,540
1,736,917
7,060
109,097
31,270
124,636
53,470
688,721
8,700
4,825
48,990
146,307
32,550
375,281
0
0
0
0
1,190
582
113,410
5,817,873
51,500
41,322
55,300
61,167
59,890
840,522
53,090
572,731
$500,000 under $1,000,000
18,820
1,790
16,470
370
54,190
12,686,193
18,820
12,984,011
15,430
6,812,401
6,980
1,144,829
9,760
1,931,565
3,890
50,447
0
0
5,180
1,469
11,510
734,868
2,490
57,370
8,670
38,758
11,240
252,182
1,050
639
200
280
8,110
138,830
0
0
0
0
0
0
18,820
3,136,159
14,610
48,673
16,300
72,805
10,620
528,842
8,090
289,232
$1,000,000 or more
9,280
1,040
7,940
170
25,760
30,450,482
9,280
30,677,029
7,170
8,100,737
3,770
1,571,729
6,680
5,912,726
2,570
35,632
0
0
1,720
479
6,810
1,884,853
2,760
297,356
3,970
18,274
6,850
1,071,017
270
183
0
0
4,700
164,749
0
0
0
0
0
0
9,280
8,228,982
6,890
81,998
8,490
346,189
4,720
1,142,950
4,520
893,005
Sales Tax in other states
Sales Tax in other Counties of Tennessee
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