What is the tax document year?
A tax year is the 12-month calendar year covered by a tax return. In the U.S., the tax year for individuals runs from Jan. 1 to Dec. 31 and includes taxes owed on earnings during that period.
Is there a tax on paper?
Tax Exempt Supplies, Equipment and Services. There is no tax on non-reusable items (paper napkins, plastic eating utensils, soda straws, and french fry bags, for example) given to customers as part of their meals. Restaurant owners can purchase these items tax free by issuing a resale certificate.
Do I have to file a NH tax return?
New Hampshire does not tax individuals’ earned income, so you are not required to file an individual New Hampshire tax return. The state only taxes interest and dividends at 5% on residents and fiduciaries whose gross interest and dividends income, from all sources, exceeds $2,400 annually ($4,800 for joint filers).
What was the tax on paper called?
the Stamp Act
Instead of levying a duty on trade goods, the Stamp Act imposed a direct tax on the colonists. Specifically, the act required that, starting in the fall of 1765, legal documents and printed materials must bear a tax stamp provided by commissioned distributors who would collect the tax in exchange for the stamp.
Why are newspapers not taxed?
The political clout of local newspapers in state houses is the principal reason why, in 12 states and the District of Columbia, newspapers are exempt and magazines are not. Since before the United States was founded, governments have tried to tax the sale of newspapers and newspapers have strenuously resisted.
What taxes are in NH?
The state has no sales tax and no income tax on wages and salaries. While it does tax interest and dividends at a rate of 5%, even that is much lower than the regular income taxes in many other states. The one tax that is significantly higher in New Hampshire than in the rest of the country is the property tax.