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Hawaii was Best State at Preventing Covid Deaths

CPA Practice

Hawaii was one of the top-performing stats when it came to responding to the COVID-19 pandemic, according to study recently published in The Lancet. On the other hand, Hawaii did not fare so well when it came to employment and economic health, which tanked during the pandemic. Hawaii, under the leadership of former Gov.

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Vitamins, supplements and sales tax – the latest

TaxConnex

Special, more detailed conditions for sales tax or exemptions on these products apply in California (depending on calorie count and ingredients), the District of Columbia (doublecheck the fineprint definitions), New Mexico, Pennsylvania and (possibly) Virginia.

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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

Among other details and typical of many of these platforms, vendors with a physical presence in a state where Etsy collects and remits state sales tax do not have to remit any tax collected on sales; the platform remits the money for the vendor.

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Loopholes and other odd sales tax rules, part 2

TaxConnex

Almost half the states have stopped sales tax on diapers, but these baby products still, despite frequent efforts at repeal, incur sales tax in Maine, Ohio, Michigan, New Mexico, Nebraska, Washington and Nevada. Playing dress-up Clothing is taxable in most states and the District of Columbia.

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IRS Says State Issued Stimulus Payments are Not Taxable

CPA Practice

This means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island.

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How the 50 States Rank By Lifetime Taxes

CPA Practice

The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3% New York $1,658,872 $748,199 45.1%

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Sales tax and accounting services

TaxConnex

Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico. As our economy becomes increasingly service-based, this is seemingly changing as states and other tax jurisdictions realize they’re missing a potentially big tax revenue stream.