Massachusetts sales tax holiday 2014 offers tax-free shopping this weekend and merchants are all geared up and ready to go for Saturday and Sunday Aug. 16 and Aug. 17. Many of the retailers are offering sales on top of the tax-free purchases, according to Mass Live on Aug. 15.
The Bay State offers one of the better tax-free holidays among the states in the nation. Some states offer only tax-free clothes and school items. Massachusetts offers a sales tax holiday on items under $2,500 with the stipulations of no tobacco products, boats, motor vehicles, meals, gas, steam, electricity, telecommunications services.
ABC News local makes it simple:
What is included:
Single items of tangible property with a price tag of $2,500 or less
Items must be bought for personal use by individuals
Alcohol is included and exempt from the tax
What is not included:
Cars, Boats, Meals, Gas, Tobacco, along with any item with a price tag over $2,500
Purchases made by corporations or other businesses for business use
Purchases made by individuals for business use
This can be a big savings for families embarking on school shopping, which is why the sales tax holiday falls in August. While clothes in this state are always tax-free as long as the item costs under $175.00, it is not just clothes that parents need to provide for back to school.
Laptops, computers and tablets are being a necessity today for school work, so this helps immensely when it comes to saving some money. This is also a good weekend for buying an engagement ring. The tax-free weekend suspends sales tax on jewelry. Buying wedding bands for your up-and-coming wedding will also save you a good deal of money.
You save almost $125.00 on a wedding band costing somewhere in the neighborhood of $2,000. If you need a new TV, stove, refrigerator, washer or dryer, this is the weekend for saving big on these items.
Many of the retailers have extended their hours for the sales tax holiday this weekend. Apple, A.C. Moore, Babies ‘R Us, Christmas Tree Shops, Yankee Candle, Sears, Pottery Barn, Macy’s and J.C. Penney in the Holyoke Mall at Ingleside have extended their hours for this tax-free weekend.
Many of the big name stores across the state are offering extended hours, so check with your local stores. From lawn mowers to snow blowers, the sales are on and without paying sales tax on these items, you can have a great buy on your hands. If you buy a lawn mower for $1,500.00, you save $125.00 this weekend.
Retailers are reporting that people have shopped all week picking out furniture and the big-ticket items. When Saturday and Sunday roll around, they know what they want and they will walk right in and buy it. Retailers claim it is like a little Christmas in August when it comes to the amount of sales they do.
Many have come to depend on the sales tax holiday to boost their sales at the end of the summer. Retailers get crowds coming in to their stores wanting to buy items that they’ve waited to buy during this tax-free holiday.