Wyoming Side Hustle Tax Calculator
Wyoming has no state income tax. Calculate your federal self-employment tax instantly.
Last updated: January 2026 · Data from IRS Rev Proc 2024-40
Great news for Wyoming side hustlers: The Cowboy State has no state income tax. Whether you're freelancing in Cheyenne, running an online business from Jackson, or consulting from Casper, you won't owe any state income tax on your earnings. Wyoming is one of the most tax-friendly states in the nation for self-employed individuals.
How Side Hustle Taxes Work in Wyoming
Wyoming is one of nine states with no state income tax:
**What Wyoming side hustlers pay:** - **Federal self-employment tax**: 15.3% on net earnings - **Federal income tax**: 10% to 37% based on total income - **Wyoming state income tax**: $0
**Additional benefits:** - No corporate income tax - No inheritance or estate tax - One of the most business-friendly states - Low cost of living compared to neighboring Colorado
What Wyoming Side Hustlers Owe
Let's say you're a single filer in Cheyenne with a $50,000 W-2 job and $16,000 in side hustle income from freelance software development, with $2,500 in business expenses.
**Your estimated taxes on the side hustle:** - Net self-employment income: $13,500 - Federal SE tax (15.3% of 92.35%): ~$1,909 - Federal income tax on side income: ~$2,970 (22% bracket) - Wyoming state tax: $0 - **Total additional tax: ~$4,879**
Compare this to Colorado where you'd owe an additional ~$594 in state taxes.
Wyoming Tax Deadlines 2025
Since Wyoming has no state income tax, you only track federal deadlines: - **Q1**: April 15, 2025 - **Q2**: June 16, 2025 - **Q3**: September 15, 2025 - **Q4**: January 15, 2026
Use IRS Form 1040-ES for federal quarterly estimated payments.
Common Deductions for Wyoming Freelancers
Even without state income tax, maximizing federal deductions is crucial for Wyoming side hustlers:
**Home-Based Business Deductions:** - Home office deduction (simplified: $5/sq ft up to 300 sq ft, or actual expenses) - Internet and phone (business use percentage) - Office supplies and equipment
**Vehicle and Travel:** - Standard mileage rate: 67 cents per mile for 2025 - Alternatively, track actual vehicle expenses - Travel for business meetings in Denver, Salt Lake City, or other hubs
**Professional Expenses:** - Business insurance (errors & omissions, general liability) - Professional licenses and certifications - Continuing education and training - Accounting and legal services
**Retirement Contributions (Major Tax Saver):** - SEP-IRA: Up to 25% of net self-employment income - Solo 401(k): Up to $69,000 for 2025 - These reduce federal taxable income significantly
**Wyoming-Specific Advantages:** - No state tax means the 20% QBI deduction saves you more in federal taxes proportionally - Business-friendly environment with minimal regulatory overhead - LLC formation is simple and affordable in Wyoming
Wyoming Side Hustle Tax FAQ
Does Wyoming have income tax on side hustles?
No, Wyoming has no state income tax at all. Your side hustle income is only subject to federal self-employment tax (15.3%) and federal income tax.
Do I need to file Wyoming state taxes?
No, since Wyoming has no state income tax, there's no state return to file. You only file federal taxes.
How does Wyoming compare to Colorado?
Wyoming has a significant tax advantage. Colorado has a 4.4% flat tax, so Wyoming freelancers save that entire amount on state taxes annually.
Do I need to register my side hustle in Wyoming?
Wyoming doesn't require registration for most sole proprietorships. However, if you use a business name other than your legal name, you should file a Trade Name Registration with the Secretary of State. Wyoming is known for its business-friendly policies and low filing fees.
When do I need to make quarterly tax payments as a Wyoming resident?
Since Wyoming has no state income tax, you only make federal quarterly payments. Use IRS Form 1040-ES with deadlines of April 15, June 16, September 15, and January 15 if you expect to owe $1,000 or more.
Can I deduct retirement contributions on my federal taxes?
Yes, and this is especially valuable for Wyoming residents since there's no state tax to offset anyway. SEP-IRA contributions (up to 25% of net self-employment income) and Solo 401(k) contributions (up to $69,000 for 2025) reduce your federal taxable income significantly.
Related State Calculators
Like Wyoming, these states also have no state income tax, making them attractive for side hustlers and freelancers.
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This calculator provides estimates only. For personalized advice, consult a qualified tax professional.
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