What sales are subject to sales tax 2025

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Short-term capital gains on real estate sold in a year or less are taxed at your ordinary income tax rate. Long-term capital gains on homes sold after a year of ownership are taxed at 0%, 15% or 20%.
What are non-taxable items or sales tax exemptions in Florida? Prescription drugs. Food. Certain services (ex. Non-prepared food items sold at a substantial grocery or market. Sales or rentals of medical equipment. Sales or rentals of mobility or prosthetic devices. Farm equipment. Software as a Service (SaaS)
Prescription and nonprescription drugs are not taxed, and neither is medical equipment or most over-the-counter medical items. New exemptions, as of 2023, include baby and toddler products, diapers and incontinence products, oral hygiene products and firearm safety devices.
Inheritances, gifts, cash rebates, alimony payments (for divorce decrees finalized after 2018), child support payments, most healthcare benefits, welfare payments, and money that is reimbursed from qualifying adoptions are deemed nontaxable by the IRS.
If theres no profit, theres nothing to tax. Many states dont require you to collect sales taxes on items sold at a yard sale, particularly if you dont have more than a certain number of sales per year. Check with your state taxing authority before proceeding.

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Retail sales of tangible items in California are generally subject to sales tax. Examples include furniture, giftware, toys, antiques and clothing. Some labor services and associated costs are subject to sales tax if they are involved in the creation or manufacturing of new tangible personal property.
But most people selling old stuff will have a hard time proving what they originally paid for something they bought a long time ago. If you made money on the sale of your old bike or piano, you must pay taxes on the gain.

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