Estimate your 2024 Nevada net pay. Enjoy no state income tax in Nevada!
Minimum wage: $10.25-$11.25/hour
Standard: 80 hours per period
Nevada, known for its thriving tourism and gaming industry, is one of the few states with no state income tax. With a median household income of $63,276 (2023 statistics), Nevada offers unique financial advantages for workers, particularly in the hospitality and gaming sectors.
While Nevada has no state income tax, federal tax rates still apply, ranging from 10% to 37% in 2024. Your federal tax bracket depends on your taxable income and filing status.
Nevada is one of nine states that does not collect personal income tax. The state primarily relies on gaming taxes, sales tax, and other sources of revenue.
FICA taxes remain consistent nationwide: 6.2% for Social Security and 1.45% for Medicare. High earners (over $200,000) pay an additional 0.9% Medicare surtax.
Nevada has a two-tier minimum wage system based on whether employers offer qualifying health benefits. This unique approach aims to encourage employers to provide health insurance coverage.
Nevada's gaming industry significantly influences the state's tax structure and employment landscape. Understanding gaming taxes helps explain how Nevada maintains services without income tax.
| Revenue Source | Tax Rate | Notes |
|---|---|---|
| Gaming Revenue | 6.75% | Monthly gross revenue |
| Live Entertainment | 9% | Admission, food, beverage |
| Sales Tax | 8.375% | Clark County (Las Vegas) |
Employers who offer qualifying health benefits can pay $10.25 per hour, while those who don't must pay $11.25 per hour. The health plan must be available within 90 days of employment and meet specific coverage requirements.
Tips are subject to federal income tax and FICA taxes. Employees must report tips to their employer if they exceed $20 per month. Employers must ensure that tips plus wages meet minimum wage requirements.
Nevada's tax system relies heavily on gaming and sales taxes instead of income tax. This structure particularly benefits workers, as they keep more of their gross pay, though they face higher consumption taxes.