Tennessee Income Tax Forms Rates & Services

You are required to file Tennessee taxes if you are:

• A person whose legal residence is in Tennessee and whose taxable interest and dividend income exceeded $1,250 ($2,500 if married, filing jointly) during the tax year.
• A person who moved into or out of Tennessee during the year and whose taxable interest and dividend income during this period exceeded $1,250 ($2,500 if married, filing jointly).
• A person whose resides in another state, but who maintained a residence in Tennessee for more than six months of the year and whose taxable interest and dividend income exceeded $1,250 ($2,500 if married, filing jointly).
• A person, bank, etc. acting as a Tennessee fiduciary (administrator, executor, guardian, trustee, or other acting in a similar capacity) who received $1,250 or more in taxable interest and dividend income for the benefit of Tennessee residents.
• A Tennessee partnership whose taxable interest and dividend income exceeded $1,250.

Individual income tax is imposed only on individuals and other entities receiving interest from bonds and notes and dividends from stock.  The first $1,250 in taxable income received by a single filer is exempt. The first $2,500 in taxable income received by a joint filer is exempt. Persons over 65 with total income less than $16,200 for a single filer or $27,000 for a joint filer are exempt.

As the Tennessee income tax does not apply to salaries and wages, items of income such as Social Security and pension income are not subject to state tax. This includes such accounts as IRA and 401(k) accounts. Distributions from IRAs and 401(k) plans are also exempt.

Helpful Links:
Tennessee Department of Revenue: http://www.tennessee.gov/revenue/
Tennessee Tax Forms: http://www.tennessee.gov/revenue/forms/indinc/index.htm
Tennessee Individual Income Tax Frequently Asked Questions: http://www.tennessee.gov/revenue/faqs/indincome.htm
Internal Revenue Service: http://www.irs.gov/

Liberty currently has 54 offices in Tennessee to suit all your tax preparation needs. We're becoming known for our customer service throughout the country. We treat our customers as number one, and we guarantee our service 100%.

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