South Dakota Income Tax Calculator (2024)

Estimate your take-home pay in South Dakota for 2024!
South Dakota is one of the few states with no state income tax. This calculator provides a breakdown of your federal and FICA taxes, including deductions, dependents, and pay frequency. 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 federal brackets and rules.

South Dakota 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 South Dakota Department of Revenue for official information.

Understanding South Dakota Taxes (2024)

Calculating your taxes in South Dakota is simplified since the state has no income tax. This calculator helps you estimate your take-home pay by considering federal taxes and FICA contributions.

South Dakota Income Tax Structure

South Dakota has no state income tax. This means residents keep more of their earnings and only pay federal income taxes and FICA taxes (Social Security and Medicare).

Tax Advantages of Living in South Dakota

South Dakota is one of only seven states with no state income tax. This creates a significant tax advantage for residents, particularly those with high incomes who would pay substantial state income taxes in other states.

For retirees, South Dakota doesn't tax Social Security benefits, pension income, or other retirement income, making it a tax-friendly state for retirement.

Federal Income Tax

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

FICA Taxes

FICA taxes fund Social Security and Medicare.

  • Social Security: 6.2% on income up to $168,600 for 2024.
  • Medicare: 1.45% on all income, with an additional 0.9% on income above certain thresholds.

Other South Dakota Taxes

  • Sales Tax: South Dakota has a 4.5% state sales tax. Municipalities can add up to an additional 2%, bringing the maximum combined sales tax rate to 6.5%.
  • Property Tax: South Dakota has relatively moderate property taxes with an average effective property tax rate of approximately 1.28% of a property's assessed value.
  • No Inheritance or Estate Tax: South Dakota does not impose inheritance or estate taxes, making it attractive for estate planning purposes.

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