Reclaiming My Taxes: Tax Free Weekends are on the Horizon
| August 1, 2017 | expresstaxexempt, free, holiday, maxine waters, reclaiming my time, salestax, salestaxholiday, Steve Mnuchin, tax free, tax free weekend, Trump | No Comments
If you’re a fan of politics or keep up with social media, you may be aware of a recent procedural interruption that has now gone viral. “RECLAIMING MY TIME” are the three words Rep. Maxine Waters (D-CA) used when confronting Treasury Secretary Steve Mnuchin during a House Financial Services Committee hearing last Thursday–we’ve included footage of the hearing at the end of this blog for you to watch if you haven’t seen it already.
The simple yet catchy refrain, “reclaiming my time,” a phrase rooted in House floor procedure, has become a social media sensation, sweeping the internet and highlighting Representative Waters stern ways of handling business.
While Rep. Waters has recently been reclaiming her time, taxpayers can also plan to reclaim their taxes! Several states have a Tax Free Weekend coming up soon in which taxpayers could benefit from greatly.
Each year a number of states participate in an annual Sales Tax Holiday/Tax-Free Weekend, allowing various items in stores across the country to be purchased without any local or state sales tax being charged, saving shoppers millions of dollars during the holiday weekend. During these tax free weekends, shoppers pay no sales tax on items ranging from school supplies, dorm room and home supplies, clothing and shoes, to bookbags and computers. However, items such as jewelry, cosmetics, eyewear, furniture, and any layaway purchases are not exempt from taxes.
Upcoming Tax Free Weekends
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State
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Dates
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Eligible Items / Max Cost
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August 5 – 6
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School supplies: No limit
Clothing: $100
Clothing accessories and equipment: $50
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August 20 – 26
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Clothing and footwear: $100
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August 4 – 6
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School supplies: $15
Clothing: $60
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August 4 – 5
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Clothing and footwear: $100
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August 13 – 19
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Clothing and footwear: $100
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TBD
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Clothing and footwear: $100
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August 4 – 6
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Clothing: $100
School supplies: $50
Computer software: $350
Computers: $1,500
Computer peripherals: $1,500
Graphing calculators: $150
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August 4 – 6
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School supplies: $30
Clothing: $100
Computers: $1,000
Computer equipment: $500
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August 4 – 6
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Clothing: $75
School supplies: $20
School instructional material: $20
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August 4 – 6
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Clothing: $100
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August 4 – 6
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Clothing and accessories: No limit
School supplies: No limit
Computers and accessories: No limit
Bed and bath items: No limit
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August 11 – 13
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Clothing and footwear: $100
Backpacks: $100
School supplies: $100
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August 4 – 6
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Clothing and footwear: $100
School supplies: $20
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Whether you’re preparing to wrap up those summer vacations and send the kids back to school with great tax-free school supplies, or just want a couple of new items and appliances for around the house, be sure to catch all of the great deals offered during your state tax-free weekend.
As always, ExpressTaxExempt is here to be a consistent resource for all things tax exempt! Visit our website for any tax forms that your tax-exempt organization may need throughout this year and save even more when you e-file with our recently reduced filing rates! We’re available to assist you via phone at 704.839.2321 on Monday through Friday from 9 a.m. to 6 p.m. EST or reach out to us 24/7 via email at [email protected].
