Summer is here, butback-to-school shopping seasonis already upon us – and so are states’ tax-free weekends. Below, you can check to see if your state is hosting a back-to-school tax free weekend this year, and if so when that tax-free weekend takes place. We’ve rounded up all ...
In the United States, individual states and municipalities charge a sales tax on retail purchases to raise revenue for the government.
Louisiana has the highest sales tax, with a statewide average tax of 9.55% according to the AARP. This includes both state and (average) local taxes. Tennessee, Arkansas, and Washington also have high average sales taxes of above 9%.3 The Bottom Line A sales tax is a percentage-based tax...
Louisiana– SaaS is non-taxable. (Source) Maine– SaaS is non-taxable. (Source) Maryland– SaaS is non-taxable when used for business purposes as of July 1, 2022. (Source) Massachusetts– SaaS and cloud computing are taxable in Massachusetts. (Source) ...
same system as the federal government, in that individuals usually need to file their tax returns based on the calendar year’s income and expenses. Most states also use the sameApril 15 filing deadline as the IRS. However, a few states have May deadlines, including Virginia and Louisiana....
In a community property state, all property acquired during a marriage is considered jointly owned and divided equally. For couples in these states, getting a prenup may be essential.
Some states do not impose a transfer tax on real estate. They include Alaska, Arizona, Idaho, Indiana, Louisiana, Mississippi, Missouri, Montana, New Mexico, North Dakota, Texas, Utah, and Wyoming.1 Transfer Taxes on Inheritances A transfer tax may also be imposed on the transfer of propert...
When are businesses exempt from sales tax? Sales tax is not required if the business does not have a nexus, or connection, with a jurisdiction. However, a 2018 Supreme Court case, South Dakota v. Wayfair, made it easier to establish a nexus. A business establishes a connection if it has...
Several types of workers could be exempt from FICA tax, including: College students with jobs on campus. Some state employees in Alaska, California, Colorado, Illinois, Kentucky, Louisiana, Maine, Massachusetts, Missouri, Nevada, Ohio, or Texas, which provide their own retirement plans. Workers ...
The purpose behind this tax number is to select representatives, create official bank accounts, and submit the tax-exempt statuses. In Wyoming, it’s so convenient to get an EIN just by preparing and filing the appeal in a single form. Not only this, but it is all free of cost. ...