Tennessee tax basis is interest and divident income.

Interest/Divident Income: Exempts U.S. government bonds. Interest on certificates of deposit, passbook accounts, savings accounts, checking accounts, money market accounts, short-term commercial paper, insurance policies (if payable on demand), and repurchase agreements are exempt. Dividends from state banks, national banks, savings and loans located in Tennessee, insurance companies, loan companies, and cemetery companies in Tennessee are exempt. All income from a credit union is exempt, as are distributions from education and Roth IRAs.

Rent Income: Exempt.

Capital Gain: The capital gains are exempt from state taxes with the exception of capital gains from the sale of mutual funds.

Unemployment Income: Unemployment income is exempt from state taxes.

Social Security Benefits: All social security income is exempt from state taxes.

State Bond Interest: Taxable except Tennessee obligations

Health Savings Accounts: There is no provision for state tax tax deduction from for the Health Saving Accounts.

Disability: Exempt

Lottery: Exempt

Federal Income Tax: Not deductible

Other Taxes: Taxable income derived from circumstances resulting in an individual becoming a quadriplegic is exempt.

Check other state tax links below.