On your tax return, you can deduct the state and local general sales tax you paid during the year, or you can deduct the state and local income tax you paid during the year. You can’t do both. Here’s how the
there are several tax-free states in which you can shop that do not impose a sales tax on retail purchases. But, regardless of whether you shop in a tax-free state or not, sales taxes can impact your federal tax return.
On December 16, 2014, President Barack Obama signed an act including a provision that extends the Internet Tax Freedom Act until October 1, 2015. News & Tips Internet Tax Freedom Act is Extended through December 11, 2014 President Barack Obama has signed federal legislation extending the Inter...
California does not have any sales tax holidays. » MORE: See which other states have a sales tax holiday Can you deduct California sales tax? You may be able to deduct California sales tax from your federal tax return by taking the SALT deduction. This allows for the write-off of up...
Supporters converge on B.C. ostrich farm as federal food agency confirms cull of flockNational Post How Canadians revolutionized bras | National Post Guilbeault throws cold water on new pipeline, says we have enough alreadyCarney said in an interview on Tuesday that he's willing to green light ...
introduction of a modified approach to getting remote vendors to collect sales tax(H.R. 3179), it will get some attention. If Amazon pursues federal legislation, it would likely be joined by some multichannelvendors that support the act, such as J.C. Penney.Annette Nellen...
How to pay state sales tax To pay your local sales tax, you will need to prepare and file a sales tax return. The vast majority of states offer electronic filing so you can avoid the trouble of manual reporting. Some states require businesses to report and pay sales tax each month, wher...
What is excise tax? Excise taxesare taxes that are imposed on specific goods, like alcohol, tobacco, and fuel, and are levied at the federal, state, and local levels.It is typically included in the price of the product and is paid by the manufacturer, importer, or retailer, who then pa...
The popular Cash for Clunkers program came to a screeching halt on Aug. 24. If you bought a new vehicle under the government's economic-stimulus program, you could get yet another stimulus benefit when you file your 2009 federal tax return.
On-time tax filings with automated submission Timely and compliant tax submissions are vital to avoid penalties. LumaTax automates the entire submission process, ensuring your tax returns are filed correctly and on time. File tax returns with state and federal authorities without manual intervention,...