Knowing how to calculate sales tax is important, especially if you’re saving up for a large purchase. To calculate sales tax, ...

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 ...

When you buy something in the US, you almost always pay more than the sticker price. That's because of sales tax, which can vary by state or city but is generally about 4% to 8% of the item's retail ...

Purchasing a car gets expensive fast, especially when browsing for a sports car or luxury SUV. A noticeable chunk of the cost falls under the sales tax, which you pay as soon as you register the ...

The Minnesota Department of Revenue launched a new sales tax rate map designed to help customers calculate the local sales tax for purchases made around the state. The new sales tax rate map is a ...

Knowing your effective tax rate can help you understand how well you’ve been managing your tax situation throughout the year. Your effective tax rate is different from your tax bracket. It’s the ...

Does this sound familiar? You need to make a major purchase, so you research products, decide on the best one, and wait for the best price. You go to buy it, and the final price is more than you ...