Wyoming Income Tax Calculator (2024)

Estimate your take-home pay in Wyoming for 2024!
Wyoming 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.

Wyoming 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 Wyoming Department of Revenue for official information.

Understanding Wyoming Taxes (2024)

Calculating your taxes in Wyoming 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.

Wyoming Income Tax Structure

Wyoming 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). Wyoming is one of only seven states that does not collect any form of state income tax.

Constitutional Protection Against Income Tax

Wyoming's state constitution effectively prevents the implementation of a state income tax without a constitutional amendment, which would require approval from Wyoming voters. This provides strong protection against future income taxes in the state.

Tax Advantages of Living in Wyoming

Wyoming offers significant tax advantages to residents:

  • No state income tax on wages, salaries, dividends, interest, or any other income
  • No state sales tax on groceries
  • Low property taxes compared to the national average
  • No estate or inheritance taxes
  • No corporate income tax for businesses

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 Wyoming Taxes

How Wyoming funds government without income tax:

  • Mineral and energy extraction taxes - Wyoming collects significant revenue from oil, natural gas, coal, and other mineral extraction activities
  • Sales Tax: Wyoming has a 4% state sales tax rate. Local jurisdictions can add up to 2% more, bringing the maximum combined rate to 6% in some areas.
  • Property Tax: Wyoming has relatively low property taxes with an average effective property tax rate of approximately 0.57% of a property's assessed value.
  • Gas Tax: Wyoming imposes a 24-cent per gallon tax on gasoline and 24-cent per gallon tax on diesel.
  • Lodging Tax: The state collects a 5% lodging tax, and local governments can add an additional tax of up to 4%.

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

`; alert('Calculation completed! See results below.'); }) .catch(error => { alert('Error calculating taxes: ' + error.message); console.error('API error:', error); }); }); });