Tuesday, July 29, 2014

Clip Tip Tuesday: Tax-FREE Weekend

As you may have heard, this weekend is Tax-FREE Weekend, August 1-3, 2014.  So if you plan on going school shopping, be sure to look for coupons for anything  you plan on buying.  With the savings on tax and coupons, you can keep more in your pocket this school year.

 

During this three-day period, purchases of qualifying school supplies selling for $20 or less per item, and purchases of qualifying clothing and footwear selling for $100 or less per item will be exempt from sales tax. Retailers may also choose to absorb the tax on other items during the holiday period, but they are responsible for paying the tax on those items to the Department of Taxation.  (http://www.tax.virginia.gov/site.cfm?alias=SchoolSuppliesAndClothingHoliday)

 

Lists of Exempt School Supplies and Exempt Clothing and Footwear

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