Consumption tax, the category that includes sales tax, can impact your wallet.

The sales tax deduction lets you deduct the state and local sales taxes you’ve paid during the year, but only if you itemize your deductions. If you live in a state with no income tax or made a large ...

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 ...

A person climbs the stairs at the South Dakota Capitol in Pierre. Lawmakers in the Mount Rushmore State were among those this year who considered increased sales taxes as a way to lower other taxes.