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 ...

In an effort to educate business owners, the Business Support division of the Colorado Office of Economic Development and International Trade and the Colorado Department of Revenue released a free, 16 ...

The Sales Tax Institute has named Nancy Steele the winner of its 2022 Sales Tax Nerd Award. The annual award recognizes a sales tax professional who demonstrate passion and a commitment to the study ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...

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 ...

Ward Williams is a former Editor for Investopedia focused on student loans and other financial products and services. He has over five years of professional editing, proofreading, and writing ...