spot_img

Maryland’s sales tax holiday coming up

(The Center Square) – Marylanders can save 6% on a number of items if they do their shopping during the state’s annual sales tax holiday Aug. 13-19.

Instated in 2010 under former Democratic Gov. Martin O’Malley, Maryland’s sales tax holiday occurs every year during the second week of August. It gives back-to-school shoppers – and other consumers – a break from state sales tax on certain items.

This year is predicted to be an “unparalleled” and “record” back-to-school shopping season for dollars spent according to the National Retail Federation. The average family with “children in elementary through high school” are forecast to spend about $890 on school supplies this year according to a survey by the National Retail Federation and Prosper Insights & Analytics.

The majority of states don’t practice a sales tax holiday, but of the number that do, Maryland is one of the few whose holiday is longer than two to three days. Though more generous with the length of the holiday, Maryland’s list of qualified items is more restricted than some others.

Not included on its list are typical back-to-school items like folders, binders, pencils, crayons or scissors, though backpacks costing $40 or less are included. The first $40 of any pricier backpack is also tax-exempt.

Otherwise, tax-exempt items are qualifying clothing and footwear that is $100 or less. Some items on the list are more expected, like raincoats, tennis shoes and some sports uniforms.

Other items are more surprising, like $100-or-less wedding dresses – likely used or rented – and hiking boots or makeup bags.

Though respondents to the National Retail Federation survey mostly attributed the increase in 2023’s expected expenses to more school electronics, Maryland does not currently include computers or electronic devices, like calculators, among its qualified items. In some states, like Missouri, computers costing $1,500 or less are tax-exempt and in South Carolina, any computer is tax-exempt.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Spokane Valley looks to settle with contractors over sinking city hall lawsuit

(The Center Square) – As Spokane Valley continues to...

Langston University Falls to Louisiana Christian

College Football Update: Langston University Falls to Louisiana Christian,...

Johnson says first responders not part of city’s hiring freeze

(The Center Square) – Amid reports of violent crimes...

Herrera Beutler and Upthegrove face-off in WA lands commissioner debate

(The Center Square) – After a race for second...

Harris’ slight edge halts Trump trend in North Carolina

(The Center Square) – With six weeks to go,...

Louisiana revenue officials seek tax policy reforms before fiscal cliff

(The Center Square) − The House Ways and Means...

Miller says Dems’ policies are fueling Illinois’ rising inflation

(The Center Square) – Illinois Republican state Rep. Chris...

More like this
Related

Spokane Valley looks to settle with contractors over sinking city hall lawsuit

(The Center Square) – As Spokane Valley continues to...

Langston University Falls to Louisiana Christian

College Football Update: Langston University Falls to Louisiana Christian,...

Johnson says first responders not part of city’s hiring freeze

(The Center Square) – Amid reports of violent crimes...

Herrera Beutler and Upthegrove face-off in WA lands commissioner debate

(The Center Square) – After a race for second...