Nevada Income Tax Calculator (2024)

Estimate your take-home pay in Nevada for 2024!
Our Nevada Income Tax Calculator provides a fast, accurate breakdown of your federal and FICA taxes, including deductions, dependents, and pay frequency. Nevada has NO state income tax! Instantly see your annual and per-paycheck results, interactive charts, and a transparent calculation process.
This tool gives you clarity on your net pay and tax obligations. Updated for 2024 tax rules.

Nevada Income Tax Calculator

Calculating for Tax Year 2024
Disclaimer: This is a basic estimate for Tax Year 2024 for informational purposes ONLY. It uses standard deductions or your itemized estimate and limited filing statuses. It does not account for all credits or complexities and is not tax advice. Visit the official Nevada Department of Taxation.

Understanding Nevada Taxes (2024)

Calculating your take-home pay in Nevada involves understanding federal tax obligations and FICA contributions. Nevada is one of the few states with no state income tax, which gives residents a significant tax advantage.

Nevada State Income Tax

Nevada has NO state income tax. This is a major benefit for Nevada residents, who only need to worry about federal income taxes and FICA taxes (Social Security and Medicare).

Nevada generates state revenue through other means, primarily:

  • Sales and use taxes
  • Property taxes
  • Gaming and casino taxes
  • Business taxes
  • Mining industry taxes

Local Taxes

There are no local income taxes in Nevada. Local governments derive their revenue primarily from property taxes and their share of sales taxes.

Federal Income Tax

Federal income tax is based on federal tax brackets, your filing status, deductions (standard or itemized), and allowances claimed on your W-4. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.

For 2024, the federal standard deduction is $14,100 for singles and married individuals filing separately, $28,200 for married couples filing jointly, and $21,150 for heads of household.

FICA Taxes (Social Security & Medicare)

FICA taxes fund Social Security and Medicare. These are typically withheld by employers.

  • Social Security: 6.2% on income up to the annual limit ($168,600 for 2024).
  • Medicare: 1.45% on all income. An additional 0.9% Medicare tax applies to income above certain thresholds ($200,000 for Single, $250,000 for MFJ).

Other Nevada Taxes (Not Calculated Here)

While Nevada has no income tax, residents should be aware of other taxes:

  • Sales Tax: Nevada has a state sales tax of 6.85%, with additional local sales taxes that can push the total rate to over 8% in some areas like Las Vegas (8.38%).
  • Property Tax: Property taxes in Nevada are lower than the national average, with rates varying by county. The state has property tax caps that limit annual increases.
  • No Estate/Inheritance Tax: Nevada does not have estate or inheritance taxes.
  • Vehicle Registration: Nevada charges vehicle registration fees based on the value and age of the vehicle.

Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.