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Sales tax laws vary by state and can be quite complex, so it’s crucial to research your state’s sales tax laws to ensure you comply. “The selling platform you employ will typically collect ...
Depop payments allow sellers to directly receive their payments in their bank account. [29] To get paid by Depop, a seller has to add a bank account and verify their identification by uploading an ID. On July 18, 2024, Depop CEO Kruti Patel Goyal announced the removal of selling fees for US sellers, while maintaining a payment processing fee.
When Is Tax-Free Weekend in 2025? Tax-free weekends vary from state to state — and from purpose to purpose. For example, many states offer tax-free weekend sales exclusively for the back-to ...
Depop's new AI feature generates item descriptions using image-recognition technology. It's boosted the number of site listings and saves users time. How Depop's AI image-recognition tool speeds ...
The tax is imposed on the seller but it is common for the seller to pass the tax on to the purchaser. The state rate is 5.125%. Municipalities may assess an additional gross receipts tax, resulting in rates between 5.375% and 8.8625%. [160] Numerous specific exemptions and deductions apply. The tax may possibly increase depending on the state ...
The Illinois Department of Revenue (IDOR) is the code department [1] [2] of the Illinois state government that collects state taxes, operates the state lottery, oversees the state's casino industry, oversees the state's thoroughbred and harness horse racing industries, and regulates the distribution of alcoholic beverages throughout Illinois, including beer, wine, and liquor. [3]
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On November 8, 2016, Illinois voters approved the Illinois Transportation Taxes and Fees Lockbox Amendment, a legislatively referred constitutional amendment that prohibits lawmakers from using transportation funds for anything other than their stated purpose.