"Do I have to file state taxes?" is a common question a lot of people may ask. To help you out, we answer some of the most frequently asked questions about filing state taxes. RELATED: Taxes Taken Out Of Paycheck: Everything You Need To Know | Internal Revenue Service In this article: Do I File Federal or State Taxes? Do I Need to File State Taxes? Do I Have to … [Read more...]
The Difference Between Sales Tax And Use Tax
Sales tax and use tax are both imposed on the sales of taxable goods and services, but they each have very different applications. Let's understand their differences by learning more about each. RELATED: 7 Business Risks For Failure To Pay For Sales Taxes In this article: The Sales Tax Nexus What Is Sales Tax? What Is Sellers Use Tax? What Is Consumer Use … [Read more...]
10 Weirdest US Taxes [INFOGRAPHIC]
We listed down 10 of the weirdest, and sometimes ridiculous, taxes in America. Weird US Taxes You Never Knew Existed Click here to jump to the infographic. 1. Virginia’s Sheep / Lamb Tax The state of Virginia imposes a $0.50 excise tax on every sheep or lamb sold within the state. Virginia already imposes taxes on eggs, peanuts, and soft drinks. These raise $1.8 million, … [Read more...]
South Dakota v Wayfair | Ruling On E-Commerce Sales Taxes
Decided on June 2018, South Dakota v Wayfair ruling has the power to change the e-commerce landscape in several ways. In this case, the Supreme Court ruled states have the authority to require e-commerce companies to collect sales tax. While the exact rules are not completely clear or set in stone yet, here is a look at the case, the history of e-commerce sales tax collection, … [Read more...]
Income Tax Rates By State | A Comprehensive List
Looking for a detailed list of income tax rates by state? It can get a bit complicated if you try to break it all down by all types of taxes, especially since the 50 states follow different tax rates than the federal income tax brackets. But here, we'll give you a more detailed view of the Tax Foundation's data on income taxes by each state so you will be prepared for the net … [Read more...]