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signs555
December 11, 2018
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How do I change the sales tax percentage It went down to 6.625% in New Jersey

  • December 11, 2018
  • 1 reply
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Original commenter did not share additional details
Best answer by lynda11_2

To change it in the Item List section:

  1. Click the Lists menu, then click Item List.
  2. Locate your Sales Tax item that you need to edit.
  3. Right click the Sales Tax item and click Edit Item.
  4. Change the Tax Rate.
  5. Click OK.

1 reply

lynda11_2
lynda11_2Answer
December 11, 2018

To change it in the Item List section:

  1. Click the Lists menu, then click Item List.
  2. Locate your Sales Tax item that you need to edit.
  3. Right click the Sales Tax item and click Edit Item.
  4. Change the Tax Rate.
  5. Click OK.
    A
    Anonymous
    December 19, 2018

    I may be wrong, but wouldn't it be better to de-activate your old rate & create (activate) a new item for your new rate. If not, all your pre-new rate invoices will not retain the old rate description. 

      Angelyn_T
      Angelyn_T
      December 19, 2018

      Thank you for adding a reply and sharing you thoughts, @390516.

       

      Yes, we can change the sales tax rate by going to the item list and locate the sales tax item we wanted to edit. However, we also have the option to deactivate the old sales tax item with the old rate and create a new one.

       

      Both deactivating and editing the sales tax rate won't affect the previous transactions/invoices created using the old rate. For the detailed process on how to edit the sales tax rate, refer to the steps given above. On the other hand, to inactivate the old sales tax item and rate:

       

      1. Go to Lists.
      2. Select Item Lists.
      3. Locate the Sales Tax Item.
      4. Check the box beside Item is inactive to inactivate the item.
      5. Click OK to save the changes.

      For additional reference about sales tax set up in QuickBooks Desktop, you  may check this: Set up sales tax in QuickBooks Desktop.

       

      Our doors are always open here in the Community page. Feel free to click the Reply button if you have any other sales tax questions. Have a good day!

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