Tax Information for Nevada
The Department receives an enormous number of questions regarding issues relating to Federal Income tax.
Key Points:
- No State Income Tax on Individuals: Nevada residents do not pay state tax on income earned from salaries, wages, or similar compensation.
- Other Taxes: While Nevada does not have an individual income tax, it does levy other types of taxes, such as sales tax and property tax.
- Business Taxes: Nevada does have a Commerce Tax for businesses whose gross revenue exceeds $4 million in a fiscal year. However, smaller businesses below this threshold are not subject to this tax.
Income Tax in Nevada
The Department receives an enormous number of questions regarding issues relating to Federal Income tax.
- The State of Nevada does not impose a state income tax on individuals or participate in the administration of Federal Income Tax.
- This means that if you live and work in Nevada, you do not need to file a state income tax return based on your earned income, such as wages or salaries.
- The Department of Taxation does not require informational copies of Nevada residents’ Federal Income Tax forms. Federal Income Tax inquiries should be directed to the official IRS website.
- Are you looking for a quick and easy way to file your Federal Income taxes for free this year? Use DIRECT FILE, a new service that will allow taxpayers to file their taxes for free directly with the IRS. Learn more at directfile.irs.gov.
Incorporating in Nevada
Please contact the Nevada Secretary of State for information on incorporating in Nevada, or alternatively, go to SilverFlume.
Minimum Wage
The minimum wage is set by the US Department of Labor, Employment Standards Administration. Please refer to the State of Nevada Labor Commission.
Unemployment Tax and W2’s
The Department of Taxation does not handle unemployment compensation issues. For information regarding unemployment compensation you will need to contact the Department of Employment, Training and Rehabilitation (DETR).
Report a Non-Registered Business
To report non-registered businesses that are active in Nevada, please contact the Department Taxation at (866) 962-3707 or by calling one of our local offices. You can remain anonymous when reporting a non-registrant.