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Anyone who earned more than $5,000 in 2024 selling tickets, musical instruments or other goods and services online should expect to get a 1099-K tax form this month.
If you got paid for selling event tickets in 2024, then that income will have to be reported on your 2024 tax return next year, even if the sales took place in 2023.
For example, if Michael bought a new dog toy that cost $5, but he paid $5.30 at the register, he paid $0.30 in sales tax. To determine the sales tax rate, divide the total sales tax paid by the ...
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The IRS sales tax tables, which are included in the very end of the instructions for Schedule A, also offer a simple way to estimate your sales tax. The tables are based on your income, family ...
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As of 2017, all but Saratoga, Warren, Washington and Westchester counties in New York charge a higher sales tax rate than the 3% default rate. The combined sales tax in Utica, for example, is 8.75%. In New York City, total sales tax is 8.875%, which includes 0.375% charged in the Metropolitan Commuter Transportation District (MCTD).
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