Do I need to pay income tax on my retirement benefits in Tennessee?
No, you do not need to pay income tax on your retirement benefits in Tennessee. Tennessee does not tax retirement income, including pension or 401(k) withdrawals, Social Security benefits, or any other forms of retirement income. This includes both public and private pensions. Tennessee is one of the few states that does not have a state income tax on wage income, and this exemption extends to retirement benefits as well. However, it is worth noting that other forms of income, such as wages and dividends, are still subject to state income tax in Tennessee. It is always recommended to consult with a tax professional or the Tennessee Department of Revenue directly for specific and up-to-date information on your individual tax situation.
Answered May 3, 2024
Need further help?
Type out your followup or related question and we will get you an answer right away.
Need to contact Tennessee Department of Revenue?
If you need to talk to Tennessee Department of Revenue customer service, now that you have the answers
that you needed, click the button below.
Contact Tennessee Department of Revenue