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Thursday, August 2, 2007

Sales Tax Holdiays

Every April we complain that we have to give so much of our hard earned income to the government. Why give the government any more than we have to? This option isn't available to me at home, since Arkansas doesn't participate, but many states have a "Sales Tax Holiday" on which certain items can be purchased without having to pay sales tax. With school just around the corner, many states schedule a sales tax holiday in August for families to purchase back to school products (clothing, school supplies, and computers are included in some states) without having to pay sales tax. The states which have a sales tax holiday this August include: Alabama, Connecticut, Georgia, Florida, Iowa, Louisiana, Missiouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and the District of Columbia. Clicking here will take you to the Federation of Tax Administration's webpage about State sales tax holidays, which in turn includes links to many of the state's webpages about the rules for their sales tax holiday. Most of these states started their sales tax holiday today or will start it tomorrow, though, so check on this information now! Hopefully if you lived in one of these states you already knew about the sales tax holiday and planned to take advantage of it. If not, now you do, and I hope you do!