Sales Tax

Posted by BKHM CPAs on Tue, Sep 13, 2016 @ 10:18 AM

You should read this quick article if you live in the state of Florida, Nevada, South Dakota, Texas, Washington, or Wyoming. You might not realize this but the states listed above do not have state income taxes. Why is this important? When it comes to your federal individual tax return, those who pay state income taxes will get a deduction on their tax return. This deduction will reduce what you owe to Uncle Sam.

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Topics: Sales Tax