Get Https://tax.alaska.gov/programs/programs/forms/ind...

That means that your net pay will be $77,329 per year, or $6,444 per month. Your average tax rate is 22.7% and your marginal tax rate is 31.3%.

Residents of Alaska enjoy the lowest tax burden among all the states, ing to a 2022 analysis from the nonprofit Tax Foundation.

Since Alaska does not levy an income tax on individuals, you are not required to file an AK State Income Tax Return. However, you may need to prepare and efile a Federal Income Tax Return. Access other State tax information pages here on eFile.com.

Most individual taxpayers will file one of three basic tax forms; Form 1040EZ, Form 1040A, or Form 1040.

Which Are the Tax-Free States? As of 2023, Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are the only states that do not levy a state income tax. Note that Washington does levy a state capital gains tax on certain high earners.

Alaska has had an income tax before. In fact, to date it is the only state to have repealed an individual income tax, doing so when the state's oil fields started generating enough tax revenue to obviate the need for one.

Alaska does not impose a statewide sales tax and therefore does not have any statewide sales tax exemptions. Cities and boroughs are authorized to levy a sales and use tax on sales, rents, or services made within the boroughs or city. Local exemptions may be granted by ordinance.

Alaska does not have an individual income tax. Alaska has a 2.0 to 9.40 percent corporate income tax rate. Alaska does not have a state sales tax, but has a max local sales tax rate of 7.50 percent and an average combined state and local sales tax rate of 1.76 percent.