Does Wyoming have a state income tax?
No. Wyoming does not tax wages or salaries, so there is no Wyoming income tax return, withholding or estimated payment for 2026. Source: W.S. §39-12-101 — ch. 12 imposes no individual income tax.
Can you deduct Wyoming taxes on your federal return?
The federal deduction for state and local taxes (SALT) is capped at $40,400 for 2026 — $20,200 if married filing separately — and the cap shrinks toward $10,000 once modified AGI passes $505,000. With no Wyoming income tax, what counts toward it is property tax plus, if you choose it instead of income tax, general sales tax.
Itemize or take the standard deduction?What is the property tax rate in Wyoming?
Wyoming's average effective property tax rate is 0.57% — the 38th highest of 51 jurisdictions and 63% of the national average of 0.9%. That is about $570 a year for every $100,000 of home value; the rate varies widely by county and school district.
Itemize or take the standard deduction?How much does an LLC cost to keep in Wyoming each year?
Deductsy budgets about $60 a year for a Wyoming LLC — the annual report fee or minimum franchise tax, with a fee due every two years counted at half. Fees change, so confirm with Wyoming's business filing office.
Wyoming S-corp tax calculatorHow do Wyoming taxes compare with neighboring states?
| State | Top income tax rate | Income tax on $100,000 (single) | Property tax (avg) |
|---|---|---|---|
| Wyoming | None | $0 | 0.57% |
| Colorado | 4.4% | $4,400 | 0.48% |
| Idaho | 5.3% | $5,045 | 0.49% |
| Montana | 5.65% | $5,199 | 0.72% |
| Nebraska | 4.55% | $4,249 | 1.49% |
| South Dakota | None | $0 | 1.06% |
| Utah | 4.45% | $4,450 | 0.52% |
On $100,000 of taxable income a single filer pays no Wyoming income tax; in the neighboring states that tax income, the same filer would pay from $4,249 in Nebraska to $5,199 in Montana. Wyoming's average property tax rate is higher than in 3 of 6.
Income tax is each state's own tax on the same state taxable income; local income taxes are not included.
More Wyoming tax notes
- No corporate income tax.
Tax moves that matter most for Wyoming
Wyoming has no income tax on wages, so the SALT cap only matters for property tax. The bigger levers are federal: 401(k), Mega Backdoor Roth, HSA and, for the self-employed, an S-corp election.
An S-corp election can cut self-employment tax once profit is large enough to pay yourself a reasonable salary and still cover payroll and filing costs. The Wyoming calculator adds Wyoming's own entity fees and taxes to that breakeven.
With 1099 income, a Solo 401(k) can take up to $72,000 a year (2026) — usually more than a SEP-IRA at the same income. Contributions lower your federal income tax.
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