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  2. Sales taxes in the United States - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_the_United...

    The current Kentucky sales tax was adopted in 1960. The Commerce Clearing House credits Mississippi with the first sales tax, in 1930. Forty-five states and the District of Columbia currently impose sales taxes (see Table 1). Twenty-four of the states first levied the tax during the 1930s, six in the 1940s, five in the 1950s, and eleven in the ...

  3. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    v. t. e. Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser ...

  4. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    Eligible taxes include state and local income taxes, property taxes, and either state and local sales taxes or state and local general sales taxes. [7] To claim the deduction, taxpayers must itemize their deductions on Schedule A of Form 1040. There is a $10,000 limit on the SALT deduction, or $5,000 for a married person filing a separate ...

  5. What Is the Standard Deduction Amount for 2022-2023 and When ...

    www.aol.com/difference-between-standard...

    Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023. ... State and local ...

  6. Tax brackets and standard deduction to increase for 2022 tax ...

    www.aol.com/finance/tax-brackets-standard...

    The standard deduction — claimed by most taxpayers — will increase to $25,900, which is $800 more for married couples filing jointly for the tax year 2022. For single taxpayers and married ...

  7. State tax levels in the United States - Wikipedia

    en.wikipedia.org/wiki/State_tax_levels_in_the...

    Taxation in the United States. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the ...

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