The tach sensor? Do you mean that bolt-like thing on the IP gear tower, about a 1 inch bolt with 2 wires? I wasn't aware it needed power, that it received power from some source.
Those tach "sensors" don't have an unlimited life. They will eventually die. There is one thing you can do before you rush out to buy a new one. Disconnect the 2 wires (I think they each have a spade connector within a foot of the sensor), pull the sensor out of the gear tower, and clean it. Wipe it down well. Be sure that the end opposite the wires is very clean, and reinstall it, reconnect the wires. If the tach works consider that a warning and start looking for a new sensor. Your sensor is on it's last legs. If your tach still doesn't work then it's time to rush out and find a new one.
There could be other causes, but I've given you the first and the easiest. You probably don't want to tear your dash apart to check wiring behind it. I've never done that, so I can't instruct you on the procedure.