Beginning January 1, 2017 the rate drops from 7% to 6.875%. Next year there will be another decrease to 6.625%. There has been no change in the items subject to sales tax.
SUMMER TRAVEL? ARE BUSINESS TRAVEL EXPENSES A TAX DEDUCTION?
I know you won’t be surprised if the answer to that question is “Maybe”. It depends on your employment status and the nature of the trip itself. Employee business expenses are no longer an itemized tax deduction. Therefore, travel expenses for a W-2 employee cannot...
