The sales tax deduction lets you deduct the state and local sales taxes you've paid during the year, but only if you itemize your deductions. Learn more.

Answer: Sales tax was a deduction until the 1986 Tax Reform Act “simplified” the tax system. The 2004 Jumpstart Our Business ...

It can be hard for Ohio businesses to understand their sales tax obligations because of a lack of clarity as to what’s taxable and what’s exempt. That uncertainty can mean paying much more than needed ...

Sales Tax on University Purchases. Purchases by Purdue University may be made in Indiana without payment of otherwise applicable Indiana State Gross Retail Sales Tax, where the purchased good or ...

Compare what you paid in sales tax to your state and local taxes. Deduct the larger of the two. But there's a catch. Many, or all, of the products featured on this page are from our advertising ...

Both sales tax and GST are indirect taxes, meaning they are charged on transactions (purchases) instead of income, and the cost is ultimately paid by the person who buys the final product. The ...

A consumption tax on the sale of goods and services that states and local governments impose when you purchase certain taxable goods and services. A taxable sale includes any transaction in which ...