This week-end, Aug 3-5 is Florida's annual tax-free week-end!!! Stores are fighting for your business and have prices to prove it! Last year, I scored spiral notebooks for 8 cents each - tax-free, of course!!
Keep in mind the spending thresholds, too. Tax-exemptions only apply to clothing items less than $75. Thus, a $76 jacket is taxed, but two $70 jackets are both tax free! There’s also no limit to how many tax free items you can buy so, in essence, you could buy 10 million $70 jackets and they’d all be tax-free!!!!!!!!!
A couple of items on the Florida tax-free weekend list aren’t really related to Back-to-School. Since you won’t be taxed on them this weekend, it’s a great time to buy some of these items in addition to all those school clothes, shoes, pens, and paper:
- Diapers: If you’ve got a baby or even an adult in diapers, you know that those things are expensive and that the best brands are seldom on sale. But diapers are tax free from August 3-5, so you’ve got a built in savings of 6-7% on items that you just can’t do without. Other baby care items are tax-free, too, including receiving blankets and baby clothes. (Strangely, though, crib blankets are taxed.)
- Costumes: It may feel a little early, but Halloween is creeping up on us quickly. And since costumes are tax-exempt, it might be a good time to invest in your kid’s Halloween costume. Careful, though – children are finicky and what they’re in love with this summer could totally change once they pow-wow with classmates and friends.
- Sports Uniforms: As mentioned above, the rules for taxing on sport equipment are kind of complicated. Remember, pads, helmets, and balls aren’t exempt. But uniforms are exempt, so if you’re in charge of a sports team or your child takes dance classes, it’s a great chance to score some discounts on uniforms.
- Employee uniforms: Scrubs, maintenance jumpsuits, and other work clothes and uniforms are exempt from August 3-5.
Tax-Free | Taxed |
Baseball Cleats | Baseball Gloves |
Fishing Vests | Fishing Boots (waders) |
Gardening Gloves | Surgical Gloves |
Jewelry (Necklaces, Earrings | Accessories (Ties, Barettes, etc) |
Safety Goggles | Prescription Goggles |
Swimsuits | Swim Masks and Goggles |
Wallets, purses, and handbags | Briefcases and luggage |
Binders, Rulers, and Poster Board | Staplers and Computer Paper |
No comments:
Post a Comment