For the eighth consecutive year, the Internal Revenue Service has chosen CCH to provide the agency with comprehensive sales tax rate and taxability tables that can be used by millions of taxpayers in preparing their returns.
CCH’s taxability and tax rate information for state and local jurisdictions supports the IRS’s online Sales Tax Deduction Calculator, which is available to taxpayers for filing 2012 income tax returns. The data enables the IRS to list the average amount of sales tax—according to income and family size—that should be paid in each jurisdiction. These average amounts represent a “standard market basket” of consumer expenditures.
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