Basic Info
Deductions
Insurance Premiums
Your Nevada Paycheck Results
Calculating your paycheck…
Take-Home Pay:
$0.00
Per Pay Period:
$0.00
Tax Breakdown
Federal Income Tax:
$0.00
State Income Tax (NV):
$0.00
Social Security:
$0.00
Medicare:
$0.00
Additional Medicare:
$0.00
Total Tax:
$0.00
Deduction Breakdown
401(k) Contribution:
$0.00
Traditional IRA:
$0.00
HSA Contribution:
$0.00
FSA Contribution:
$0.00
Health Insurance:
$0.00
Dental Insurance:
$0.00
Vision Insurance:
$0.00
Other Deductions:
$0.00
Total Deductions:
$0.00
Gross Annual Income:
$0.00
Effective Tax Rate:
0.00%
Nevada State Income Tax Information
Nevada does not impose a state income tax on individuals. Residents are only subject to federal income taxes, making Nevada a tax-friendly state for workers and retirees.
Standard Deduction
While Nevada doesn’t have a state income tax, residents can still benefit from the federal standard deduction for the 2025 tax year:
- Single: $15,000
- Married Filing Jointly: $30,000
- Head of Household: $22,500
Retirement Income
Since Nevada has no state income tax, all retirement income—including Social Security benefits, pensions, 401(k)s, and IRAs—is not taxed at the state level.
FICA Taxes
| Tax Component | Rate | Income Limit |
|---|---|---|
| Social Security | 6.2% | Up to $176,100 |
| Medicare | 1.45% | No Limit |
| Additional Medicare | 0.9% | Income above $200,000 (Single) / $250,000 (Married) |
Pre-Tax Deductions
Common pre-tax deductions available to Nevada residents include:
- Contributions to 401(k), 403(b), and other retirement plans
- Health and dental insurance premiums
- Health Savings Account (HSA) and Flexible Spending Account (FSA) contributions
- Pre-tax transit and commuter benefits
Nevada-Specific Taxes and Credits
| Tax or Credit | Description |
|---|---|
| Unemployment Insurance Tax | Employers pay a tax rate of 2.95% on the first $41,800 of each employee’s wages in 2025. |
| Modified Business Tax (MBT) | Applies to businesses with gross wages exceeding $50,000 per quarter, with varying rates based on industry. |
| Commerce Tax | A gross receipts tax on businesses with Nevada gross revenue exceeding $4 million annually, with rates varying by industry. |
| Renewable Energy Tax Credit | Available for businesses investing in renewable energy projects within the state. |
Interesting Facts About Nevada Taxes
- Nevada is one of the few states with no personal or corporate income tax.
- The state relies heavily on sales taxes and gaming revenues to fund public services.
- There is no estate or inheritance tax in Nevada, making it attractive for estate planning.
Frequently Asked Questions (FAQs)
- Does Nevada have a state income tax?
- No, Nevada does not impose a state income tax on individuals.
- Are Social Security benefits taxed in Nevada?
- No, since there is no state income tax, Social Security benefits are not taxed in Nevada.
- What taxes do employers pay in Nevada?
- Employers are responsible for paying the Unemployment Insurance Tax and, if applicable, the Modified Business Tax and Commerce Tax.
- Does Nevada offer any state tax credits?
- Yes, Nevada offers tax credits for businesses investing in renewable energy projects and other economic development initiatives.