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At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
The similarity in these taxes is that they are based on a sales-type scheme, where each download (or group of downloads) is taxed like a purchase in physical space. Colorado – As of July 1, 2012, software is only taxable if it is prepackaged for sale, is governed by a license agreement, and is delivered in a tangible medium. [27]
The highest sales tax in Washington is on liquor. The spirits sales tax is 20.5% of the value of the product purchased [217] and a $3.7708 per liter spirits liter tax is assessed on spirits sold to consumers. [218] 1 April 2008 saw tax increases in King County (+.001), Kittitas County (+.003), Mason County (+.001), and the city of Union Gap ...
The California Department of Tax and Fee Administration (CDTFA) is the public agency charged with assessing and collecting sales and use taxes, as well as a variety of excise fees and taxes, for the U.S. state of California. The department has several other ancillary functions, such as ensuring that sellers comply with permit requirements.
We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms for more complex situations — to help simplify the 2025 tax season.
Some states have issued stimulus relief checks, such as California's Middle Class Tax Refund (MCTR) payment. But whether these are taxable or not is unclear and is creating a lot of confusion,...
The FTB's name reflects the fact that it was originally created to collect this tax. The agency's name was left unchanged even after the state created a personal income tax and added it to the FTB's responsibilities. The corporate tax is imposed on businesses that do business in California and derive income from within California. [2]
Here’s what the California Franchise Tax Board says: “Forgiveness of student loan debt is generally taxable unless it meets one of the exclusions in California Revenue and Taxation Code ...