For the 10th consecutive year, the Internal Revenue Service has chosen Wolters Kluwer, CCH, to deliver sales tax rate and taxability tables to help millions across the country prepare their tax returns.
With access to updated information from thousands of tax jurisdictions provided by Wolters Kluwer, CCH, tax filers can determine whether they’ll save more by deducting state and local sales taxes they’ve accrued during the year instead of taking standard or itemized tax deductions.
The figures in the tables represent an average of consumer expenditures, according to family size and income, for every ZIP code in the country saving people time from collecting and organizing sales receipts during the year. The information is generated from several Wolters Kluwer, CCH, workflow tools, including Sales Tax Office’s tax calculation system. Additional information also comes from the IntelliConnect tax and accounting research platform.
Wolters Kluwer, CCH, tax data for state and local jurisdictions also supports the IRS online Sales Tax Deduction Calculator available to taxpayers for filing 2014 income tax returns. In addition, the company is also providing the IRS with data related to the taxability rules for more than 500 Bureau of Labor Statistics spending categories.
“The opportunity to continue our decade-long partnership with the IRS in providing superior sales tax research for the benefit of everyone filing tax returns is truly an honor,” said Renee Davis-Malott, vice president of sales for global and national accounts for Wolters Kluwer, CCH. “This recognition speaks volumes about our dedication to producing innovative corporate tax information solutions for our customers. It’s a privilege to be chosen by the IRS again to support all taxpayers and professionals nationwide in making informed decisions.”