Couponing 101 Tip 13 Sales Tax and Coupons
Coupon blogs do not tell you the final price after tax because their readers are all over the country with different State Sales taxes. When you are buying with coupons you still have to pay taxes based on the price before coupons.
Why would I want to figure out the sales tax when couponing?
I do the sales tax every time I see a deal involving a money maker coupon matchup to see if I am really making money after taxes. I do this a often when it is a money maker deal for something my family will not use. If it is a money maker after the taxes I will buy the item and donate the item. But, if you can not afford to pay for items you are donating you may want to find out what the final price is after taxes. You can also do the sales tax when you see two similar deals to see which one is a better price after taxes. Let’s say there are two deals for toothpaste. One is free after coupons and the other one is a money maker. Sometimes the money makers could end up costing you more money after taxes.
How to figure out the sales tax without coupons
- First you will need to figure out your State’s sales tax. Click here to find your State’s Sales Tax
- If you are buying something for $1 you multiply the sales tax rate by $1. If your sales tax was 6% you would multiply $1 x .o6= $.06. So you would pay $.06 in Sales Tax
How to Figure out sales tax with Coupons
- If you are buying something for $2.50 and you have a coupon for $2.00. The coupon blogs will say it is $.50. But you will still have to pay Sales tax if the item is not tax except (see below). You would take the sale price $2.50 and multiply it by your states sales tax.
- For this example I will use a sales tax of 6%. $2.50 x .06 = $.15. You will pay the cashier the price after coupon $.50 plus $.15 = $.65.
Tax except items Some state have certain items where you do not have to pay for taxes! For example, many states do not charge you sales tax when buying food items. So if your state does not charge for food items and the coupon blog says it is free after coupons it will be free with no taxes!
EXTREME COUPONING 101 – HOW TO INFO and TIPS
- Organizing Coupon Inserts
- Store Coupon Policies
- Non Insert coupons
- Organize coupons with no binder
- Good Coupons & Stock up Prices
- Shop the loss leaders
- Loading E Coupons
- Printing coupons
- Read coupon blogs daily
- Transferring & Filling Perscriptions $ Offers
- Organizing Loose Coupons with out a Coupon Binder
- Sales Tax & Coupons