Monday, December 14, 2009

Do you pay taxes on store coupon in California?

such as $3 off and where can I locate such rulesDo you pay taxes on store coupon in California?
A store coupon, no.





It is viewed as a discount by the store and the price is computed after the coupon amount is deducted from the selling price.





If it is a manufacturer coupon, then you pay the tax on the full amount, before the couon amount is deducted.





You can verify with the State Board of Equalization.

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