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Kip Tips

Tax Holidays Coming Soon

From the August issue of Kiplinger's Personal Finance magazine

Take a tax holiday in August, when a number of states will let you escape levies on school supplies, computers, clothes and other merchandise. 


From August 7 to August 9, Missouri exempts up to $100 spent on clothing, $50 on school supplies and $3,500 on computers. North Carolina's holiday is the same weekend and includes a break on up to $50 in sports equipment.

Coming up: Maine is considering a tax holiday on most merchandise up to $2,500 over the Columbus Day weekend. Also look for tax breaks from some states int he fall on energy-efficient appliances.

Check out My Two Dollars for a comprehensive list of states offering tax holidays.