Self-employed in Wyoming: taxes and retirement for 2026
What consultants, freelancers, content creators, entrepreneurs, gig workers, tipped workers and tradespeople in Wyoming need to know this year: Wyoming income and estimated tax rules, and how to save for retirement without an employer plan.
Guides for Wyoming
Wyoming rules that apply
- State income tax (2026)
- Wyoming has no state income tax on wages or self-employment income. Wyoming has no individual or corporate income tax.
- Wyoming annual report license tax (LLCs and corporations)
- Applies to registered entities, including LLCs, corporations, limited partnerships, and registered LLPs; a sole proprietor with no registered entity doesn't file it. The tax is due each year with the annual report, which is due in the anniversary month of the entity's formation. It is the greater of $60 or $0.0002 per dollar of assets located and employed in Wyoming, so $60 for entities with $300,000 or less in Wyoming assets.
- Minimum wage (2026)
- Federal $7.25 an hour; tipped cash wage $2.13 an hour. Wyoming's own minimum wage is $5.15 an hour (W.S. 27-4-202), but employers covered by the federal Fair Labor Standards Act must pay the federal $7.25. Tipped workers (more than $30 a month in tips) get at least $2.13 an hour in cash, and tips must bring them up to the applicable minimum. Tips belong to the employee (W.S. 27-4-507(a); https://wyoleg.gov/statutes/compress/title27.pdf).
- Unemployment and workers' comp contractor test (W.S. 27-3-104(b) and 27-14-102(a)(xxiii))
- A worker paid for services is treated as an employee unless they meet all three tests. They are free from control over the details of the work, both by contract and in fact. They present themselves to the public as self-employed or an independent contractor. And they can send someone else to do the work.
- Transportation network company driver status (2017 HB 80, W.S. Title 31, ch. 20)
- Rideshare drivers are independent contractors and fall outside the Wyoming Worker's Compensation Act if four conditions hold. The company does not unilaterally set the hours they must be available and does not stop them from using other apps. It also does not bar unrelated commercial work, and both sides agree in writing that the driver is an independent contractor.
- Portable benefit accounts (SF 41, 2026; W.S. 27-1-117)
- Anyone, including app-based companies and contractors themselves, may contribute to a portable benefit account for an independent contractor. The account can pay for health, income-replacement, vision, dental, life, or retirement benefits. Contributions can't be used to classify the worker as an employee, and money withheld from pay requires a written opt-in that the worker can cancel at any time. The governor signed it March 6, 2026 (Enrolled Act 30); the account provisions took effect July 1, 2026.
Questions
Do self-employed people in Wyoming pay state income tax?
Wyoming has no state income tax on wages or self-employment income. Wyoming has no individual or corporate income tax.
Are there other Wyoming taxes for self-employed self-employed people?
Wyoming annual report license tax (LLCs and corporations): Applies to registered entities, including LLCs, corporations, limited partnerships, and registered LLPs; a sole proprietor with no registered entity doesn't file it. The tax is due each year with the annual report, which is due in the anniversary month of the entity's formation. It is the greater of $60 or $0.0002 per dollar of assets located and employed in Wyoming, so $60 for entities with $300,000 or less in Wyoming assets.
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- www.wyo.gov/about-wyoming
- www.dol.gov/agencies/whd/state/minimum-wage/tipped
- sos.wyo.gov/faqs.aspx?root=BUS
- wyoleg.gov/statutes/compress/title27.pdf
- wyoleg.gov/2017/Enroll/HB0080.pdf
- wyoleg.gov/2026/Enroll/SF0041.pdf
Facts researched from official sources and independently re-checked; last verified October 2026, next scheduled review 2027-01-02. Educational information for 2026, not tax, legal or investment advice. Rules change; check the official sources listed and a tax professional for your situation. Gigaverse AI, Inc. is a financial technology company, not a bank, and not itself a registered investment adviser or broker-dealer.