Individual Income Tax Due Date is Right Around The Corner
Monday, April 06, 2009 | 06:30am
NASHVILLE - The April 15 filing deadline for the individual income tax is just over a week away. Make sure to file by the due date by using the Department of Revenue’s various electronic filing and payment options online at www.TN.gov/revenue.
"Taxpayers can file quickly and easily online at any time of day or night," said Commissioner Reagan Farr. "The department’s online services are not only convenient, but they also eliminate errors and time spent filing paper returns.”
The individual income tax is imposed on individuals and other non-corporation entities receiving interest from bonds and notes and dividends from stock at a rate of six percent of taxable income. 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. More information is available on the department's Web site.
Taxpayers can make credit card payments using the Department of Revenue’s secure electronic services accessible at www.TN.gov/revenue. 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, individual income tax, sales tax and consumer use tax can also be paid by credit card via the department's Web site. The department is continuing work to expand this convenient payment option to other online services.
Electronic filing of the sales and use tax, consumer use tax, individual income tax, professional privilege tax and minimum franchise and excise tax returns and estimated payments and extensions is available via the department's Web site, www.TN.gov/revenue. Bill payments and many business tax registration activities also can be completed online.
In order to assist taxpayers with compliance to electronic filing, the Department of Revenue provides computer access in its offices in Chattanooga, Knoxville, Jackson, Johnson City, Memphis and Nashville. The department also offers an electronic commerce hot line to assist taxpayers and tax practitioners at (866) 368-6374. Nashville-area and out-of-state callers should dial (615) 253-0704. All taxpayer data, whether paper or electronic, filed with the Department of Revenue is confidential data 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 2007-2008 fiscal year, the department collected $11.2 billion in state taxes and fees. In addition to collecting state taxes, $1.9 billion of local sales tax was collected by the department for local governments during the 2007-2008 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.TN.gov/revenue.
###