Tax Holidays Starting Soon
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FacebookDon’t forget… If you live in the following states, your state sales tax holiday is starting this weekend:
Alabama, August 3rd-5th
District of Columbia, August 4th-12th
Georgia, August 2nd-5th
Florida, August 4th-13th
Iowa, August 3rd-4th
Missouri, August 3rd-5th
New Mexico, August 3rd-5th
North Carolina, August 3rd-5th
Oklahoma, August 3rd-5th
South Carolina, August 3rd-5th
Tennessee, August 3rd-5th
Virginia, August 3rd-5th
In contrast, residents of the following states still have a bit of time to get ready for their tax holiday:
Connecticut, August 19th-25th
Texas, August 17th-19th
If you’re lucky enough to live in a state that offers a sales tax holiday, be sure to use it wisely… Don’t go out and buy stuff just because it’s tax free.
For full details: 2007 State Tax Holidays
Published on August 2nd, 2007 - 10 Comments
Filed under: Taxes
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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Louisiana August 3rd and 4th, state tax holiday!
Comment by liz — Aug 2nd 2007 @ 9:54 amWhat’s the purpose of a sales tax holiday? It perversely provides the least benefit to those who need tax relief the most, and the most benefit to those who need it least.
Comment by Minimum Wage — Aug 2nd 2007 @ 10:05 amDon’t forget that many stores have sales before and after the sales tax holidays. They’re often much better than the sales tax relief.
Comment by Nathania — Aug 2nd 2007 @ 10:31 amActually, given the regressive nature of a sales tax, I would think that it would provide the most help to those with the least.
MW, why doesn’t it help poor people when things cost less? Doesn’t sales tax hurt those least able to pay?
Comment by rocketc — Aug 2nd 2007 @ 1:49 pmSales tax holidays — and of course, the comparable sales — are perfect for those who have limited income but still need to buy the necessary back-to-school supplies and clothing for their kids.
Comment by Flexo — Aug 2nd 2007 @ 9:39 pmI love the tax holidays… bought my grill during a tax holiday…
Comment by RateLadder — Aug 2nd 2007 @ 11:38 pmMassachusetts is August 11th and 12th…
I think I might be buying an LCD for the bedroom and will ‘penalize’ myself buy throwing in the tax I would have spent, multiplied by two into our brokerage account.
Comment by Luke — Aug 3rd 2007 @ 11:18 amOmg…. I never knew that there is one. I should travel to those cities next year since I’m also flying everywhere!
Comment by MoneyNing — Aug 5th 2007 @ 9:08 pmYou forgot Massachusetts, it’s next week-end:
Comment by Tanelia — Aug 6th 2007 @ 9:53 amAugust 11th and 12th