Tennessee migration brings in more tax return income

Tennessee had the fifth-largest population increase and a net increase of $4.7 billion in adjusted gross income on individual tax returns between 2021 and 2022, according to the Internal Revenue Service (IRS). The net increase of nearly 60,600 residents – an increase of 0.87% - also led to an increase in tax returns in the state. The largest in-migration to Tennessee came from California with 22,000 individuals bring a net increase of $1.5 billion in annual adjusted gross income. Residents moving from Illinois to Tennessee made up the second largest group of migrants. Meanwhile, residents who left Tennessee were most likely to move to Georgia.