If you live in New England, you’re probably familiar with the Sales Tax Holiday. It’s a time when a state waives the normal sales tax on certain items.
Massachusetts Sales Tax Holiday
Historically, the Massachusetts Sales Tax Holiday occurs on the second weekend in August. This year, the dates are:
Saturday, August 10, 2013
Sunday, August 11, 2013
According to the Massachusetts Department of Revenue, the 6.25% sales tax will be waived on items $2,500 and under. This includes items purchased on the internet. However, Motor vehicles, motorboats, meals, telecommunications services, gas, steam, electricity, tobacco products are excluded from this sale.
Special note: Articles of clothing which cost $175 and under are not taxed during the year. So if you miss the tax-free weekend, don’t worry. Clothing under $175 are never taxed in Massachusetts.
Connecticut Sales Tax Holiday
Similarly, the state of Connecticut also offers a sales tax holiday. This occurs for one week during the month of August. This year, the dates are:
Sunday, August 18, 2013 through Saturday August 24, 2013
According to the Connecticut Department of Revenue Services, the 6.35% sales tax will be waived on clothing and shoes costing less than $300.
For specific details, including a chart of items included and excluded, visit: http://www.ct.gov/drs/cwp/view.asp?a=1436&q=463054