South Dakota Tax Filling
Filing Your South Dakota State Taxes
It is tax season again! Figuring out and filing your tax forms can be intimidating – but there is help. Here you will find answers, forms and more that will make your paperwork easier, faster and less stressful. The information below will help you determine your residency status, find the correct forms you need and give you other information you want to get started.
State income tax returns for 2012 are due April 15.
Comparing Your Options in Online Tax Software
TurboTax and H&R Block are the most prominent online tax software providers for those who do their own taxes. All are appropriate for many types of personal and business tax preparation. They differ in pricing and each has its own positives and negatives. So check them out, compare and read the reviews to pick the one that’s best for you.
TurboTax offers FREE South Dakota State tax filing services. Click on the provider to find out if you qualify.
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South Dakota Tax Forms
- No Tax Forms for this State yet. Please check back later, we are permanently updating.
South Dakota Taxes
The battle surrounding state income tax in South Dakota has always been a heated one. The last time someone tried to implement one in 1970, it failed by only one vote.
South Dakota collects most of its taxes by charging a 4% flat sales tax on all purchases, in some areas 6%. The state does not tax income from wages, businesses, corporations, inheritance or intangible personal property. It also levies a corporate income tax on financial institutions that makes up a significant portion of the state’s revenue.
Despite not levying income taxes, South Dakota rates 48th in the nation with one of the lowest local tax burdens (approx. 7.6%) and it appears to be getting even lower. South Dakota also ranked number 1 in 2011 as having the most business-friendly tax climate in the U.S.
That having been said, South Dakota ranks 8th in the nation for federal burdens and expenditures. So they are receiving a hefty sum from the fed each year.
For more information on South Dakota taxes, go to the South Dakota Department of Revenue and Regulation website.