Sales Tax Rate Changes 2024
Effective January 1st, 2024, sales tax rates will be updated. This date holds significance for many states as they review and adjust their sales tax rates or exemptions for services and goods.
It’s important to note that there isn’t a centralized overview detailing each state’s sales tax changes. Instead, each state’s Department of Revenue will publish an article outlining the specific state and local sales tax changes.
For businesses using sales tax automation software such as Avalara, Shopify, QuickBooks, etc., these rate changes will be automatically reflected in your system as you collect sales tax. However, if you are not utilizing software to determine your sales tax rate (or whether your transactions are subject to sales tax at all), we recommend contacting our TABS sales tax team to ensure that the upcoming changes are properly integrated into your system.