File Individual Income Tax Online And Pay By Credit Card
NASHVILLE, Tenn. - The Tennessee Department of Revenue now accepts credit card payments for the individual income tax, just in time for the April 17 individual income tax deadline. Credit card payment and electronic filing options are available on the department’s Web site, www.Tennessee.gov/revenue. Like Revenue’s other electronic applications, this option is convenient, easy and accurate.
“Electronic tax administration is a mutually beneficial way to collect taxes; it improves our agency’s operational efficiency and provides an easier and faster filing alternative to our customers,” said Revenue Commissioner Reagan Farr.
MasterCard, American Express and Discover Card are accepted and will be charged an associated 2.49 percent processing fee. Online bill pay, professional privilege tax and the consumer use tax can also be paid by credit card via the department’s Web site. The department is continuing work to add this convenient payment option to other online tax filing applications.
The Hall income tax is imposed on individuals and other entities receiving interest from bonds and notes and dividends from stock. The rate is six percent of taxable income. A few exemptions exist. 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. People over 65 with total income less than $16,200 for a single filer or $27,000 for a joint filer are exempt.
In order to assist its customers with electronic filing, the Department of Revenue provides computer access to its offices in Chattanooga, Knoxville, Jackson, Johnson City, Memphis and Nashville.
All taxpayer data, whether paper or electronic, filed with the Department of Revenue is confidential and protected under Tennessee law.
The Department of Revenue is responsible for the administration of state tax laws and motor vehicle title and registration laws established by the legislature and the collection of taxes and fees associated with those laws. The Department of Revenue collects approximately 92 percent of total state tax revenue. During the 2005-2006 fiscal year, the department collected $10.3 billion in state taxes and fees. In addition to collecting state taxes, $1.8 billion of local sales tax was collected by the department for local governments during the 2005-2006 fiscal year. Besides collecting taxes, the department enforces the revenue laws fairly and impartially in an effort to encourage voluntary taxpayer compliance. The department also apportions revenue collections for distribution to the various state funds and local units of government. To learn more about the department, log on to www.Tennessee.gov/revenue.