If you choose to itemize deductions, you'll have the option of sales tax deduction and the local sales tax you paid, or to deduct the income tax.

State law says only cities with sales taxes higher than the county they're in can exempt groceries from sales tax increases.

The rationale is that long-term capital gains on assets such as land and buildings should apply only to real profits, ...

Voters will decide in November whether they are for or against increasing Knoxville's local option sales tax by 1/2 cent.

Property taxes are the biggest share of the city’s revenue, making up 20% of the general fund that’s used to pay for most ...

The Tennessee Wildlife Resources Agency needs more money. The good news for hunters and fishers: it won't come from licensing ...

Applicability of sales and use taxes on digital products may in some cases hinge on the elusive definition of a computer ...

The half a percent sales tax increase proposed by Knoxville Mayor Indya Kincannon will face its first hurdle this week. The Knoxville City Council will take an initial vote whether to put the option ...

Amazon, Meta and Google are among the beneficiaries of state tax exemptions for data centers that help power AI.

Mukilteo’s mayor has vetoed a new sales tax increase that would’ve put the city at the highest rate in the state.

The 2025 Sales Tax Holiday for Mississippi is coming up! The Tax Free Weekend will take place July 11-13, 2025. According to ...

You will usually have to pay capital gains tax if you make a profit when selling buy-to-let properties, business premises, ...