Hawaii, New Mexico and tax preparation

Sales tax and accounting services

TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? 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.

South Dakota

South Dakota Sales Tax West Virginia

The accountant’s guide to state taxes on retirement income

ThomsonReuters

APRIL 25, 2024

In addition to the eight states above, plus New Hampshire, 39 states do not levy income tax on Social Security benefits. While most states tax at least a portion of pension income, 17 states — including those without an income tax — do not impose taxes on pensions. States with no tax on TSPs.

South Dakota

South Dakota Rhode Island New Hampshire Wyoming

Accountant Advocate

Sales tax and accounting services

The accountant’s guide to state taxes on retirement income

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