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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. New sales taxes are progressing in some states but not all. The 2% statewide sales tax proposed would be on top of any local taxes and would not exempt groceries, medicine or other items that have been exempted in previous sales tax bills.

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Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

The wait can be even longer for lower-income consumers who file for the earned income tax credit or the additional child credit. H&R Block and Liberty Tax Services both offer a similar promotion to get customers through the door, promising early, interest-free tax refund loans of $500-$3,000 for qualified customers.

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