Who Benefits Most from the Tennessee Works Tax Act?

The Tennessee Works Tax Act cuts taxes for Tennessee residents. But do businesses benefit more than families?

picture of Nashville Tennessee for Tennessee Works Tax Act story
(Image credit: Getty Images)

Tennessee tax relief is coming soon for families and businesses in the state. The Tennessee Works Tact Act totals more than $400 million in tax cuts for businesses and families. But while the legislation is touted as the largest tax cut in the state’s history, questions are swirling about who will benefit the most. 

In a release regarding the legislation, Tennessee Gov. Bill Lee thanked the General Assembly for passing the tax cuts “to make the right investments for Tennessee families and businesses while supporting our state’s future economic growth and success.” 

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.