South Dakota Tax Filing
Filing Your Taxes in South Dakota
South Dakota makes doing taxes easy - by simply not taxing their residents. It is one of seven U.S. states that does not levy taxes on personal or corporate income taxes.
You are still required to file a federal return by April 17.
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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.