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Big_John wrote:
I've been paying sales tax for some Amazon items for a while now. I also have to check a box on my New York State income tax return that says I buy stuff online. They add a small fee to cover the sales tax that I didn't pay.
So do you end up itemizing those specific invoices in your taxes? How do they determine said "small fee"?
You have to itemize any individual purchase over $1000 that was bought online. Anything else can be itemized or you can file and the fee is based on your income. They start at $11 for incomes under $15k and at over $200k, it's .058% of your income or $250 which ever is less.
https://www.tax.ny.gov/pdf/current_forms/it/it201i.pdf Page 26 if you are really curious.
Given the amount of stuff that I buy online, the fee is pretty small.
I've gotten so that I really hate doing any shopping at the brick and mortar stores. It's often cheaper and more convenient for me to order whatever I need online. Let's face it, personalized service and product knowledge has been eliminated from the shopping experience. Let's call it the Walmart business model. Rude and indifferent employees are the norm rather than the exception. They have no idea what they are selling and really don't care one way or another. I can go on Amazon, read a decent description of what I want to buy, compare prices, read reviews etc. and have the item on my doorstep within two days.
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