Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...

Does this sound familiar? You need to make a major purchase, so you research products, decide on the best one, and wait for the best price. You go to buy it, and the final price is more than you ...

When you are purchasing items in stores, the price displayed typically does not include sales tax. If you know the local tax rate, you can manually calculate the purchase price of the item with sales ...

Compare what you paid in sales tax to your state and local taxes. Deduct the larger of the two. But there's a catch. Many, or all, of the products featured on this page are from our advertising ...

Tax brackets are the income range in which you are taxed a specific rate. Here’s what you need to know about tax brackets for the upcoming tax season. When preparing their financial information for ...

The difference between your effective tax rate and your marginal tax rate -- and how they are both calculated -- are questions that many people have come tax time. With tax season well underway, it's ...

The Minnesota Department of Revenue launched a new sales tax rate map designed to help customers calculate the local sales tax for purchases made around the state. The new sales tax rate map is a ...

Purchasing a car gets expensive fast, especially when browsing for a sports car or luxury SUV. A noticeable chunk of the cost falls under the sales tax, which you pay as soon as you register the ...

Knowing how to calculate sales tax is important, especially if you’re saving up for a large purchase. To calculate sales tax, ...

Text Callout : Key Takeaways - How to Calculate Your Effective Tax Rate Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your ...

Knowing your effective tax rate can help you understand how well you’ve been managing your tax situation throughout the year. Your effective tax rate is different from your tax bracket. It’s the ...