Tennessee Paycheck Calculator

If you’re working or managing payroll in Tennessee, our Tennessee Paycheck Calculator is the perfect tool to help you understand your paycheck details. Designed with both employees and employers in mind, this tool provides quick, accurate calculations of your take-home pay, considering all the necessary deductions and taxes applicable in Tennessee.

Tennessee Paycheck Calculator and Payroll Taxes

• There is no state income tax in Tennessee.
• The corporation income tax rate is 6.5%.

How does the Tennessee Paycheck Tax Calculator Work? 

Using our Tennessee Paycheck Calculator is straightforward. Simply input your gross income, select your pay frequency, and add any additional details such as pre-tax deductions. Our tool will then provide you with an instant and detailed breakdown of your paycheck, including gross pay, total deductions, and your final take-home pay.

As in all other states within the United States, Tennessee residents have to pay federal income and FICA taxes. FICA, or the Federal Insurance Contributions Act, includes Social Security and Medicare taxes. You pay 6.2% and 1.45% of your earnings, respectively. Please note, though, that the employer usually matches these, so, in effect, you pay 12.4% total for Social Security and 2.9% total for Medicare.

Also, suppose your earnings go over $200,000 for single filers, $250,000 for joint filers, or $125,000 for married filing separately. In that case, you may have to pay a 0.9% additional Medicare surtax, over and above what your employer matches.

Note, though, that if you’re self-employed or an independent contractor, you are responsible for paying the full FICA taxes; in that case, your employer doesn’t pay 50% of your FICA taxes. So, you would have to make sure 100% of your FICA taxes are paid, and you may also get to claim a tax deduction during tax season to recapture half of the “employer” portion of your FICA taxes.

Important Note: Stubbuilder provides a paycheck calculator designed to provide essential guidance. This should not be relied upon to calculate exact taxes, payroll, or other financial data. You should seek a professional accountant regarding any particular requirement.

Who Can Benefit?

• Employees: Get a clear understanding of your take-home pay, making it easier to plan your finances and manage your budget.
• Employers: Simplify payroll processing and ensure accurate payments to your employees every time.
• Job Seekers: Evaluate job offers by estimating your net pay after all applicable deductions.
• Freelancers & Contractors: Estimate your income after taxes and plan your budget more effectively.

Why Choose Our Calculator?

• Accuracy: Our calculator is regularly updated to reflect the latest federal tax rates and deduction standards.
• Ease of Use: No need for complicated calculations—just enter your details and get an instant result.
• Privacy First: We respect your privacy and do not store any personal data. All calculations are done securely.

Tennessee Payroll Calculator and Unemployment Tax Rate 

• Employers pay Tennessee unemployment tax on the first $7,000 of an employee’s wages.
• New employers have a tax rate of 2.7%.
• New construction employers classified under NAICS 23 are assessed at a tax rate of 6%.
• Experienced employers pay at a rate of 0.01%-10%.

Why Use the Tennessee Paycheck Calculator?

Managing your finances is easier when you know exactly what to expect in your paycheck. Our calculator is tailored specifically for Tennessee, ensuring you have a clear picture of your earnings after all deductions. Here’s what makes our calculator stand out:

• No State Income Tax: Tennessee doesn’t levy a state income tax on wages, which means more of your gross income stays in your pocket. Our calculator reflects this benefit accurately.
• Federal Income Tax: Easily calculate your federal income tax based on your filing status and income level.
• Social Security and Medicare: Automatically factor in these standard deductions that apply to all U.S. employees.
• Additional Deductions: Include other important deductions like retirement contributions, health insurance premiums, and more to get a full picture of your net pay.