How much does a Personal Financial Advisors actually take home in Tennessee?
No state income tax — 19.2% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-02
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Detailed line-by-line tax calculation for a Personal Financial Advisors earning $78,140 in Tennessee (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $78,140 | — |
| Federal Income Tax | -$9,031 | 11.6% |
| Tennessee State Income Tax | -$0 | 0.0% |
| Social Security (OASDI) | -$4,844 | 6.2% |
| Medicare | -$1,133 | 1.4% |
| Total Taxes | -$15,009 | 19.2% |
| Take-Home Pay | $63,130 | 80.8% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Personal Financial Advisors in Tennessee.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $40,050 | -$5,885 | $34,164 | 14.7% |
| 25th Percentile (P25) | $55,910 | -$9,002 | $46,907 | 16.1% |
| Median (P50) | $78,140 | -$15,009 | $63,130 | 19.2% |
| 75th Percentile (P75) | $138,230 | -$33,288 | $104,941 | 24.1% |
| 90th Percentile (P90) | $221,370 | -$57,708 | $163,661 | 26.1% |
Tennessee has no state income tax, which means a Personal Financial Advisors keeps $63,130 of their $78,140 salary — 80.8% of gross pay. Only federal income tax and FICA reduce the paycheck, making Tennessee one of the most tax-friendly states for this occupation.
Where does a Personal Financial Advisors keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Tennessee ranks #34 out of 46 states for Personal Financial Advisors after-tax take-home pay.
A Personal Financial Advisors in Tennessee earning a median salary of $78,140 will take home approximately $63,130 per year after federal income tax ($9,031), state income tax ($0), and FICA ($5,977). That is $5,260 per month or $2,428 per bi-weekly paycheck.
The effective total tax rate for a Personal Financial Advisors in Tennessee is 19.2%, broken down as: federal income tax 11.6%, Tennessee state tax 0.0%, and FICA (Social Security + Medicare) 7.6%. This assumes a single filer with the standard deduction for 2024.
No, Tennessee does not levy a state income tax on wages. This means a Personal Financial Advisors in Tennessee only pays federal income tax and FICA taxes, resulting in a lower overall tax burden compared to most other states. The total effective rate is 19.2%.
After all taxes, a Personal Financial Advisors in Tennessee takes home approximately $5,260 per month, or about $30.35 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2024 BLS median salary of $78,140 for Personal Financial Advisors in Tennessee, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Tennessee state income tax (no state income tax), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $63,130/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR