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signs555
Level 1

How do I change the sales tax percentage It went down to 6.625% in New Jersey

 
Solved
Best answer December 10, 2018

Best Answers
lyndaartesani
Level 6

How do I change the sales tax percentage It went down to 6.625% in New Jersey

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.

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8 Comments 8
lyndaartesani
Level 6

How do I change the sales tax percentage It went down to 6.625% in New Jersey

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.
Anonymous
Not applicable

How do I change the sales tax percentage It went down to 6.625% in New Jersey

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
Moderator

How do I change the sales tax percentage It went down to 6.625% in New Jersey

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

 

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!

Tamac
Level 1

How do I change the sales tax percentage It went down to 6.625% in New Jersey

Can the sales tax rate be changed before the effective date? Is there a field to enter the effective date? 

MirriamM
Moderator

How do I change the sales tax percentage It went down to 6.625% in New Jersey

Welcome to the thread, @Tamac.

 

You can change the sales tax rate whenever you'd want. Since when creating a transaction and apply the sales tax, that would be the effective date. 

 

Moreover, you can add a Memo to the transaction to manually track the effective date of the Sales tax.

 

To edit the sales tax rate, follow the below steps:

  1. Go to List menu at the top, then pick Item list on the drop-down.
  2. Locate your Sales Tax item, then right-click and select Edit item.
  3. Enter the new rate on the Tax Rate (%) section, then hit OK.

For future reference, you can also check out this article and click the Sales tax item drop-down on step 4 for more information: Set up sales tax in QuickBooks Desktop.

 

I'd be glad to answer should you have any additional questions about the process, just leave a comment below. Have a wonderful day ahead and take care.

RonaS
Level 1

How do I change the sales tax percentage It went down to 6.625% in New Jersey

Good Evening

 

We bought a plug in and all the orders that we have in the web page in quick books are invoices but I have a situation that I cannot change the tax rate, also the invoice did not have the tax rate. Could you please help me to add this tax rate?

 

Ethel_A
QuickBooks Team

How do I change the sales tax percentage It went down to 6.625% in New Jersey

Welcome to the Community, RonaS.

 

 

Let me share with you the steps on how to add the tax rate to your invoices.

 

Here's how:

 

  1. From the Lists menu, select Item List.
  2. In the Item List window, right-select anywhere and select New.
  3. Select Sales Tax for the item type.
  4. Enter the Sales Tax Name, Description, Tax Rate (%), and Tax Agency information.
  5. Select OK.

 

You can also edit the tax rate. Please check the steps provided by one of my peers above, MirriamM.

 

 

Also, you can check on how to set up sales tax in QuickBooks Desktop.

 

Feel free to reach back out to me if I can be of more help with adding the tax rates. I'll make sure to get back to you as soon as I can. 

5246
Level 1

How do I change the sales tax percentage It went down to 6.625% in New Jersey

1

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