Tax FREE weekend! THIS weekend!
Posted by Gail Medina
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Taxes, Taxes, Taxes...
paying taxes comes with the American Dream.
During the season of increased property taxes (the biggest increase seen in recent years), there is a somewhat silver lining - call it a "grey lining."
That "grey lining" is in the form of Tax Free Weekend!
What is tax free weekend and what items does it include?
Tax free weekend is an annual event that began in 1999. It is suppose to give a tax break to families as they shop for back to school items. Back to school expenses have been within the $600-$700 range for the past three years. Nationwide, parents spend a total of $26.7 billion dollars... yes, BILLION! To add more shock and awe... 80% of children will lose pricey supplies, lunch boxes and clothing.
This weekend brings some relief to families; saving shoppers an estimated $82.7 million in state and local taxes.
Items eligible for this tax free weekend:
• Clothes
• Footwear
• Backpacks
• School Supplies
Each items must be less than $100 to be eligible. You can purchase as many eligible items you desire. So, if you buy two shirts for $60, then you will not pay taxes, even though the total purchase price is $120.
For more information, please visit: https://www.window.state.tx.us/taxinfo/taxpubs/taxholiday/d/
Have a game plan to take advantage of the best deals for you and your family.
Happy Shopping, Texas... TAX-free style!
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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