Capital Gains Rates
Additional State Capital Gains Tax Information for Tennessee
Tennessee does not have state or local capital gains taxes. The Combined Rate accounts for the Federal capital gains rate, the 3.8 percent Surtax on capital gains, and the marginal effect of Pease Limitations on itemized deductions, which increases the tax rate by 1.18 percent.
Additional State Income Tax Information for Tennessee
Applies to interest and dividend income only.