Personal Income Tax

The Tax

A tax is levied on dividends and bond interest received by individuals or other entities, including partnerships and trusts.

Tax Rate

Hall Tax: 6% of interest and dividends. All persons living in or companies doing business in Tennessee for more than 6 months must pay this tax.

Tax Incentives and Exemptions

For dividend and interest tax, the first $1,250 on an individual return and $2,500 on a joint return are exempt.

For more information, please contact:
Tennessee Department of Revenue
Taxpayer Services Division
Andrew Jackson Building, 3rd Floor
Nashville, TN 37242
Phone: (615) 741-2594
Phone: (615) 741-3580
Fax: (615) 741-1116

You may also visit the Department of Revenue's website for forms or frequently asked questions about this tax.