Income Tax for Wyoming (2026)

How This Calculator Works in Wyoming

This calculator confirms that Wyoming has no state income tax and helps you compare your overall tax situation with neighboring states. It can help you understand the tax savings of living in a no-income-tax state.

Wyoming Overview

Wyoming imposes no personal or corporate income tax, funding its government primarily through severance taxes on coal, oil, and natural gas extraction. The state maintains a Permanent Mineral Trust Fund that stabilizes revenue when energy prices fluctuate. Wyoming's minimal tax burden and strong privacy protections for LLCs have made it a popular state for both individuals and business formation.

How Wyoming Compares

Wyoming's top income tax rate of 0% compares to Montana at 6.75% and South Dakota at 0%. The absence of income tax makes it one of the most favorable states for high earners.

Wyoming's income tax rate of 0% compares to a national average of approximately 5.04%. This is below the national average.

Tips for Wyoming Residents

• 1Wyoming has no personal income tax, no corporate income tax, and no gross receipts tax — it is one of the most tax-free states in the nation.
• 2The state funds itself largely through mineral severance taxes on coal, oil, natural gas, and trona mining, which generate billions in annual revenue.
• 3Wyoming's state sales tax is 4% — one of the lowest in the country — with local additions up to 2%, for a maximum combined rate of 6%.
• 4Property taxes are moderate, averaging about 0.57% of home value, though mineral-producing counties may have higher rates.
• 5Wyoming has established a Permanent Mineral Trust Fund (similar to Alaska's) that provides investment income to stabilize the state budget when commodity prices drop.

Frequently Asked Questions