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Step 1/3

What do you sell?

Estimated Sales Tax Breakup

For Total Sales of $371,000

Monthly

Annual

Brackets

Rates

Income

$371,000

Sales Tax Rate

Infinity% - -Infinity%

Total Sales Tax

$Infinity.undefined - $-Infinity.undefined

The current total sales tax in South-dakota is Infinity% - -Infinity%, covering city and county taxes. Presently, South-dakota state sales tax is NaN%, while the county tax is Infinity% - -Infinity%. Additionally, City imposes a sales tax of Infinity% - -Infinity%.

Sales Tax in South Dakota

Navigating the intricacies of sales tax can be a daunting task for businesses and consumers alike. In South Dakota, understanding the nuances of sales tax is crucial for compliance and financial planning. Whether you're a resident, a business owner, or someone looking to make a purchase in the state, knowing the ins and outs of the South Dakota sales tax system can save you both time and money.

Breakdown of Sales Tax Rates in South-dakota

State Tax Rates

NaN%

County Tax Rates

Infinity% - -Infinity%

City Tax Rates

Infinity% - -Infinity%

Total Tax Rate

Infinity% - -Infinity%

What is Sales Tax in South Dakota?

Sales tax in South Dakota is a consumption tax imposed on the sale of goods and services. It is collected at the point of sale and is typically calculated as a percentage of the purchase price. This tax is a vital source of revenue for the state, funding essential public services and infrastructure. Understanding the specifics of the South Dakota sales tax rate, and how it applies to different transactions, is key for both consumers and businesses.

Sales Taxable and Exempt Items in South Dakota

In South Dakota, not all items are subject to sales tax. Here are some examples of taxable and exempt items:

  • Taxable Items:Clothing, electronics, and most tangible personal property.
  • Exempt Items:Prescription drugs, certain medical devices, and groceries.

How Sales Tax is Calculated in South Dakota

Calculating sales tax in South Dakota involves applying the state sales tax rate to the purchase price of taxable goods and services. This calculation is straightforward, but businesses can use tools like the South Dakota sales tax calculator or the SD sales tax calculator to ensure accuracy. These tools help in determining the correct amount of tax to collect, especially when dealing with complex transactions or varying tax rates.

How to Make Sales Tax Compliance Easier and More Efficient

As sales tax rules keep evolving, apps like FlyFin make managing sales taxes much easier. FlyFin is revolutionizing the tax world by blending AI technology with the knowledge of CPAs. Whether it’s simple or complex filings, FlyFin delivers accurate tax results 20 times faster and at 5 times lower cost. Best of all, your first sales tax filing with FlyFin is free, so you can concentrate on growing your business while their CPAs handle the tough tax work.

Sales Tax Holidays in South Dakota

South Dakota does not currently offer sales tax holidays, which are temporary periods when sales tax is not collected on certain items. While some states use these holidays to encourage consumer spending, South Dakota has opted not to implement such measures.

Physical Presence and Sales Tax Nexus in South Dakota

The concept of nexus in South Dakota refers to the requirement for businesses to collect sales tax if they have a physical presence in the state. This can include having a storefront, warehouse, or even employees in South Dakota. Understanding nexus is crucial for businesses operating both in-state and online.

How to Remit Sales Tax Payments in South Dakota

Businesses in South Dakota are required to remit collected sales tax to the state on a regular basis. This is typically done through the South Dakota Department of Revenue's online portal, which streamlines the process and ensures timely payments.

What are the Penalties for Late Sales Tax Filing in South Dakota?

Failing to file sales tax returns on time in South Dakota can result in penalties and interest charges. It's important for businesses to adhere to filing deadlines to avoid these additional costs, which can quickly add up and impact financial health.

Historical Context of Sales Tax in South Dakota

The introduction of sales tax in South Dakota dates back several decades, originally implemented as a means to generate revenue for the state. Over the years, the South Dakota sales tax system has evolved, adapting to changing economic conditions and consumer behaviors. Unlike some states, South Dakota does not impose a state income tax, making sales tax a critical component of its revenue strategy.

Comparing South Dakota Sales Tax to State Tax

South Dakota's approach to taxation is unique, with a reliance on sales tax rather than income tax. This policy impacts both residents and businesses, influencing decisions related to spending, saving, and investment. The South Dakota sales tax rate is competitive compared to other states, which can be a factor in attracting businesses and residents.

Unique Administrative Processes in South Dakota's Sales Tax Collection

One of the unique aspects of sales tax collection in South Dakota is its streamlined online system for filing and remitting taxes. This system is designed to be user-friendly, reducing the administrative burden on businesses and ensuring compliance. Additionally, the state provides resources and support for businesses to navigate the complexities of sales tax in South Dakota.

Sales Tax Rate in Major Counties of South-dakota

County

Total Sales Tax Rate

Facts and figures about
County, South Dakota

1,741

CPAs across the state

south-dakota
population

886,667

Residents as of 2022

population

60,300

People claiming self- employment tax deductions

population

36,790

S-Corps statewide

population

20,240

People taking itemized deductions

population

78,990

People claiming the QBI deduction

😵‍💫 Smart CPAs are accessible and affordable, but there's only 1 South Dakota CPA for every 300 residents.

😓 19 million taxpayers filed late last year. Smart CPAs can help taxpayers be prepared.

😨 Smart CPAs can help the 30 million Americans who miss tax deductions each year.

😣 Smart CPAs can put an end to the overpaying on taxes that half of Americans do every year.

South Dakota State Income Tax Rates & Brackets for 2023

The following tables represents South Dakota's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

n.a

none

MARRIED FILING JOINTLY

Brackets

Rates

n.a

none

Filing Status

Standard Deduction Amt.

Single

n.a.

Couple

#VALUE!

South Dakota State IRS Statistics of Income for 2020

Size of adjusted gross income

Item
(All amounts are in 1000s of dollars)

Number of returns

Number of single returns

Number of joint returns

Number of head of household returns

Number of individuals

Adjusted gross income (AGI)

Total income: Number

Amount

Salaries and wages in AGI: Number

Amount

Business or profession net income (less loss): Number

Amount

Partnership/S-corp net income (less loss): Number

Amount

Self-employed health insurance deduction: Number

Amount

Student loan interest deduction: Number

Amount

Charitable contributions if took standard deduction: Number

Amount

Total itemized deductions: Number

Amount

State and local income taxes: Number

Amount

State and local general sales taxes: Number

Amount

Qualified business income deduction: Number

Amount

Child and dependent care credit: Number

Amount

Child and other dependent tax credit: Number

Amount

Self-employment tax: Number

Amount

Earned income credit: Number

Amount

Refundable education credit: Number

Amount

Recovery rebate credit: Number

Amount

Total tax liability: Number

Amount

Total additional Medicare tax: Number

Amount

Net investment income tax: Number

Amount

Tax due at time of filing: Number

Amount

Total overpayments: Number

Amount

All returns

443,220

218,250

172,920

43,250

828,690

32,502,736

436,000

33,016,602

358,670

19,678,143

64,270

823,402

36,790

3,286,625

20,730

178,753

41,350

30,820

123,750

32,651

20,240

1,517,028

2,840

61,016

16,070

35,496

78,990

782,731

22,960

13,442

100,460

260,930

60,300

222,920

58,700

126,336

17,910

16,626

74,330

107,764

322,730

4,192,164

7,310

15,035

11,810

71,716

88,040

768,089

339,210

1,186,506

Under $1

14,940

9,720

4,030

870

23,600

0

7,730

0

3,130

96,263

2,610

0

1,950

0

1,040

7,629

370

258

2,660

687

0

0

0

0

0

0

0

0

0

0

0

0

1,870

6,076

1,260

2,065

250

241

6,080

9,079

2,030

6,457

60

107

0

0

1,070

3,210

9,510

28,574

$1 under $10,000

55,840

46,850

4,350

3,990

54,160

274,380

55,830

285,708

42,470

230,771

5,450

14,983

930

0

910

4,169

790

545

5,240

1,201

350

11,031

20

44

280

234

130

26

0

0

20

25

5,110

3,890

15,880

18,333

1,940

1,714

13,320

20,962

6,580

4,294

0

0

0

0

3,170

1,767

45,860

60,385

$10,000 under $25,000

71,180

50,940

9,170

9,670

97,380

1,232,428

71,180

1,256,214

56,430

914,060

8,460

53,502

1,710

421

1,780

7,554

3,040

2,052

11,090

2,733

920

28,107

60

156

770

659

4,790

3,286

710

233

4,980

1,858

7,800

12,736

19,000

55,875

4,060

3,564

15,160

23,530

40,210

33,434

20

10

0

0

6,600

6,903

61,270

159,423

$25,000 under $50,000

108,670

65,120

21,670

18,380

180,850

3,998,098

108,670

4,056,007

94,310

3,216,073

11,670

101,940

3,470

11,631

3,010

16,487

11,850

8,315

22,660

5,672

2,430

71,991

170

461

1,920

2,353

13,200

20,775

3,940

2,255

26,060

36,694

10,250

25,070

21,380

49,414

3,400

2,980

14,510

20,621

88,270

212,667

0

0

0

0

14,200

21,126

93,570

258,870

$50,000 under $75,000

65,460

28,050

28,840

6,800

132,040

4,023,728

65,460

4,086,098

55,070

2,941,276

9,880

109,489

4,150

32,889

2,780

19,442

8,860

6,670

20,700

5,457

2,860

84,625

270

818

2,300

3,309

13,570

36,708

3,590

2,037

19,120

49,919

9,150

27,881

1,170

649

2,100

2,002

8,340

10,754

60,270

289,257

10

20

0

0

14,790

33,639

50,430

146,142

$75,000 under $100,000

44,270

8,990

32,740

2,000

110,330

3,845,458

44,270

3,902,521

37,120

2,684,749

8,170

103,287

4,180

44,145

2,310

18,471

6,820

5,312

18,280

4,926

2,270

72,562

280

1,177

1,830

2,950

12,150

43,071

4,750

2,983

16,500

54,581

7,530

25,775

0

0

1,930

1,895

6,380

7,299

42,900

302,759

10

9

0

0

12,370

37,233

31,770

107,430

$100,000 under $200,000

63,490

6,540

55,250

1,270

176,240

8,446,807

63,490

8,581,100

53,990

5,701,213

12,890

230,263

10,790

262,629

4,620

45,383

9,630

7,668

33,530

9,261

5,200

181,038

790

4,938

4,170

9,035

22,790

143,827

8,280

4,999

27,630

96,169

12,540

61,662

0

0

4,230

4,230

10,380

15,424

63,110

903,045

330

90

130

66

24,970

131,893

38,390

165,344

$200,000 under $500,000

15,240

1,570

13,350

230

42,730

4,370,578

15,240

4,469,725

12,710

2,246,460

3,900

158,120

6,600

620,880

2,870

37,951

0

0

8,120

2,296

4,030

173,148

680

9,320

3,240

9,704

9,290

172,140

1,470

801

6,100

21,623

4,490

41,110

0

0

0

0

160

95

15,230

734,190

4,670

3,602

7,990

9,815

8,600

156,356

6,590

75,444

$500,000 under $1,000,000

2,740

310

2,370

40

7,650

1,869,806

2,740

1,904,249

2,280

761,067

790

51,904

1,870

515,808

880

13,062

0

0

1,050

297

1,350

87,073

290

7,252

1,030

3,457

1,960

76,960

190

115

30

61

1,020

12,121

0

0

0

0

0

0

2,740

438,997

1,490

4,408

2,440

11,740

1,520

90,279

1,220

43,320

$1,000,000 or more

1,390

160

1,180

20

3,710

5,424,206

1,390

5,442,459

1,160

886,211

450

32,625

1,150

1,975,299

530

8,605

0

0

440

121

850

807,453

300

36,850

540

3,795

1,100

285,938

40

19

0

0

530

6,599

0

0

0

0

0

0

1,390

1,267,064

720

6,789

1,250

50,095

760

285,683

620

141,574

Frequently Asked Questions

How does sales tax filing in South-dakota work?

Who is required to file sales tax returns?

Do I need to charge sales tax for online sales in South-dakota?

How often do I need to file sales tax returns in South-dakota?

What happens if I miss a sales tax filing deadline in South-dakota?

How can FlyFin CPAs help with sales tax in South-dakota?

Sales Tax in other Counties of South Dakota

What’s FlyFin?

FlyFin caters to the tax needs of freelancers, gig workers, independent contractors and sole proprietors. But anyone can file taxes through FlyFin! FlyFin tracks all your business expenses automatically using A.I. technology. Then, our CPA team files a guaranteed 100% accurate tax return for you – to save you a couple thousand dollars and a ton of time on your taxes. In addition, you can download the FlyFin app and have your taxes filed in less than fifteen minutes, saving time and money.
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