Tax-Free Holiday

Last Updated on Wednesday, 19 November 2008 09:23 Written by lorie Thursday, 31 July 2008 11:48

While shopping this morning I noticed all these signs about a tax-free holiday for back to school items. I didn’t read the fine print since I wasn’t buying any back to school supplies today. Of course, I found a ton of items I wasn’t looking for on sale and threw them in the shopping cart — I found socks, underwear, and lots of ‘basic’ type clothing on sale for the kids. I figured I would stock up. I WAS only there for some food items and some sunscreen. LOL … I can never seem to get out of a store with just what I went in for.

I get to the checkout and the cashier says half the items in my cart would be tax-free IF I had waited until tomorrow — the tax holiday doesn’t start until August 1st. I didn’t have school supplies so I was a bit stumped. Turns out any clothing is tax-free tomorrow as long as it under $100.

So…. I had to decide it putting everything back and driving back to the store tomorrow would make sense to save the 5% tax. I did a quick math calculation in my head and realized it would only be about $2.50 that I would save — and more than likely I would waste that in gas coming back … not to mention I would probably find even MORE things to buy tomorrow. These sales tax-free holidays are occurring in various states — so be sure to check your state’s dates. Here in Virginia it’s August 1st-3rd.