Throughout our extensive service area of Northeast Ohio, Washington D.C., Maryland, Pennsylvania, Delaware, New Jersey, and Northern Virginia, parents are sending their kids back to school, and many frugal parents are taking advantage of tax holidays. What is a tax holiday? It is when state governments drop the taxes on certain purchased goods that have particular significance like back to school gear for families preparing their kids for school. But this tax break is only for a limited time.
If you live in our Maryland service area, we have good news! Tax-free week for 2016 is from August 14-20. That means there is still time for you to take advantage of this discount!
There are some restrictions, however. The Maryland tax week only applies to clothing and footwear. It does not cover school supplies or computers, like in Alabama, Florida, Missouri, New Mexico, South Carolina, Georgia, and Tennessee. And, qualifying clothing and footwear must be under $100. But, hey! That is still a really good deal, especially if this is the one time of year when you get out and buy clothes for your kids. The more clothing and footwear you buy, the more you’re really going to feel the relief.
School supplies aren’t the only items that get a special tax holiday. Some states drop taxes for hurricane equipment and generators in preparation for the hurricane season. In Louisiana, they have a tax holiday for firearms, ammunition, and hunting supplies to help bolster the fall hunting season; and some states give tax relief for ENERGY STAR items, to help defer the cost of electricity. In fact, February 18-20 of 2017, Maryland will have its next tax free week on these items.
Current ENERGY STAR items that are known to be tax-free during February 13-15, 2017 tax free days are air conditioners, washers and dryers, furnaces, heat pumps, boilers, solar water heaters, standard size refrigerators, dehumidifiers, programmable thermostats, compact fluorescent light bulbs, and LED light bulbs. For a detailed list of qualifying ENERGY STAR products that are eligible for tax exemption, visit www.marylandtaxes.com.
At Window Nation, we have a wide selection of windows that are ENERGY STAR compliant, but the focus of Maryland’s ENERGY STAR tax exemption seems focused on helping to reduce electricity consumption in the state. When it sets its sights on helping families and business reduce their heating and cooling costs, we’ll let you know because that is where Window Nation ENERGY STAR windows shine. Until then, get out there and enjoy the discount for school footwear and clothing, compliments of Uncle Sam! Every little bit counts.