Archives for August 2017

Return to College | Southern Minnesota

Q:  I’m a returning college student, what can I claim on taxes? A:  For the first four years of college (meaning cumulative in your lifetime), you may qualify for the American Opportunity Credit of up to $2,500 if you spend $4,000 in books and tuition.  Also if your adjusted gross income is less than $90,000 […]

Different Sales Tax Rate for Different Counties | Southern Minnesota

Q:  My business does sales all over the state.  Do I have to collect sales tax for all those locations or can I just use Faribault’s rate because it is only 7.375%? A:  Sorry, but if you are working in different locations, then you have to pay the sales tax for those locations.  The easiest […]