Home
In this issue
April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review

Tax-free weekend: what to buy, where to buy it

By Akane Otani





Tax-free weekend is coming to at least 15 states in August, just in time for back-to-school shopping. Save money on items like laptops, clothing, and school supplies by holding off on purchases until a tax-free weekend in your state


JewishWorldReview.com | (TCSM) Savvy shoppers, mark your calendars. Just in time to usher in back-to-school shopping, more than 15 states will be celebrating a tax-free weekend in August, meaning consumers will be able to save hundreds of dollars on items like computers, school supplies, and clothing. Here's what you need to know before you pull out your wallet.

WHAT IS A TAX-FREE WEEKEND?
States that participate lift their normal sales taxes for certain items, typically from 12:01 a.m. on Friday to midnight on Sunday. Depending on the state you live in and how high taxes are, you could save anywhere from 4 to 9 percent on your purchases. (The lucky residents of Delaware, Montana, New Hampshire, and Oregon never pay state sale taxes.)

WHICH STATES HAVE TAX-FREE WEEKENDS?
The bad news: Not every state does. While some states annually cut sales taxes for a weekend to encourage shopping and ease the costs of back-to-school shopping, others say they are too financially strapped to give up tax revenue. Fear not, however. If your state doesn't celebrate a tax-free weekend, you can still drive to a neighboring state to participate. Just be aware that you may be subject to "use taxes" (a levy your home state collects when you buy some items out of state) when you return home. Call your state's Department of Revenue, or skim over this list to check if your state will celebrate a tax-free weekend this year: http://www.taxadmin.org/fta/rate/sales_holiday.html

WHEN IS MY STATE'S TAX-FREE WEEKEND?
Most of the tax-free weekends we've seen will fall on August 2 - 4, but some states are holding the weekend later in August. Make sure you double-check dates before you start splurging.

ARE ALL ITEMS TAX-EXEMPT?
Despite its name, a tax-free weekend is not necessarily the time to buy a new car for the family. Most states will only exempt taxes for certain types of items, including school supplies, clothing, computers, and books worth up to a few hundred (or even thousand) dollars. Again, check your state's policy for specific information.



WHAT ARE THE BEST ITEMS TO BUY?
The best deals are on laptops. At any other time in the year in Missouri, if you buy the $1,499 MacBook Pro your teen has been eyeing, you would actually pay $1,562 once the state's 4.225% sales tax kicks in. Over the state's tax-free weekend, the same laptop would cost its advertised price, $1,499 — saving you a cool $63 that you can tuck away for other purchases.


FREE SUBSCRIPTION TO INFLUENTIAL NEWSLETTER

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". In addition to INSPIRING stories, HUNDREDS of columnists and cartoonists regularly appear. Sign up for the daily update. It's free. Just click here.


Two other items worth holding off on until the sales tax holiday: clothing and shoes. A modest pair of sneakers may not seem that expensive, but when you keep paying sales taxes on shoes throughout the year, the costs can add up quickly. If your children are all in need of new gym shoes, then, you could save money by bundling your purchases. For instance, in Connecticut, you can spend up to $300 on clothing and footwear over that state's sales tax holiday before you pay sales tax. Compare that to other times in the year, when you'd pay a 6.35 percent sales tax on any item you buy.

DOES IT WORK? DO PEOPLE ACTUALLY SPEND MORE DURING TAX-FREE WEEKENDS?
The answer is a resounding yes. Families with young children spend 295 percent more on shoes and 117 percent more on children's clothing during sales tax holidays, according to a Federal Reserve Bank of Chicago study. It's a great time for retailers. The National Retail Federation says stores in states that have tax holidays see "significant increases" in sales during the tax-exempt period.

Sign up for the daily JWR update. It's free. Just click here.

Interested in a private Judaic studies instructor — for free? Let us know by clicking here.

Comment by clicking here.



All contents copyright 2013 The Christian Science Monitor

Quantcast