Homtide's Sales Tax Calculator offers a simple and efficient way to calculate the total cost of a purchase, including applicable sales tax. Whether you're a buyer trying to budget your expenses or a business ensuring accurate invoicing, this tool is designed to save you time and effort.
Calculate your total price including tax or reverse engineer the item price.
Sales tax can be a bit confusing, but with the right understanding, it’s easy to manage. Let's break it down.
Sales tax is a percentage of the price of goods or services that the government collects. The tax is typically added at the point of purchase and is paid by the consumer, not the business. The percentage rate varies depending on the region or country.
When you buy something, the sales tax is calculated as a percentage of the item's price. This means that the higher the tax rate or the price of the item, the more you’ll pay in taxes. Our sales tax calculator helps you find out the total cost, including tax, based on the item price and tax rate you provide.
The item price is the cost of the product or service before tax is applied. It is the base price you pay for an item.
The sales tax rate is the percentage of tax that is added to the item price. For example, if the sales tax rate is 10%, then for every $100 of item price, you will pay $10 in tax.
This is the actual amount of tax you pay based on the item price and the sales tax rate. It is calculated by multiplying the item price by the tax rate (in percentage).
The total cost is the final amount you pay after adding the sales tax to the item price. This is the sum of the item price and the sales tax amount.
In some cases, you may know the total cost (including tax) but need to figure out how much the original price of the item was before tax. Our calculator can reverse the process by extracting the tax amount and the original item price from the total cost.
Our calculator helps you with two tasks: