- States are issuing guidance on sales tax rounding due to the federal phase-out of the penny.
- Taxpayers need to know how to handle transactions that can’t make exact change.
- Updates and a list of states with relevant guidance will be tracked and shared through TWIST, including direct links.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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