Attention all Louisiana (opens in new tab) shoppers! The state's newest sales tax holiday has begun. This one-time event takes place on November 20 and 21 in the Pelican State. It's designed to provide tax relief for Louisiana residents recovering from Hurricane Laura, Hurricane Delta, and the COVID-19 pandemic.
During the sales tax holiday, the state's 4.45% sales tax will not be charged on the first $2,500 of most consumer (not business) purchases. This is just in time for bargain hunters shopping for the holidays. Be aware, though, that motor vehicle sales and purchases of meals (either to eat-in or to-go) don't count and will still be charged sales tax.
The tax exemption generally applies to layaway sales and to purchases for products that won't be delivered until after November 21. Items purchased during the sales tax holiday period with "rain checks" also qualify for exemption, regardless of when the rain check is issued. However, a rain check issued during the exemption period doesn't qualify for the sales tax break if the item sold is actually purchased after November 21.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of Kiplinger’s expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of Kiplinger’s expert advice - straight to your e-mail.
No tax is due if you buy something during the sales tax holiday and exchange it later for an essentially identical item of a different size, color, etc. However, sales tax is due if you return something after the sales tax holiday and receive credit on the purchase of a different item.
For 60 days after the sales tax holiday, no credit or refund of sales tax will be given if you return an item unless (1) you provide a receipt or invoice showing that the state sales tax was paid, or (2) the retailer has sufficient documentation showing that the tax was paid on the item purchased.
For a complete list of 2020 sales tax holidays in Louisiana and throughout the country, see Sales Tax Holidays in 2020. Happy shopping!
-
-
Don’t Poke the Bear! How to Respond to Angry Customers
Arguing, doubling down and refusing to negotiate could make matters worse, so it’s best to aim for a win-win solution. And if that doesn’t work…
-
Stock Market Today: Stocks Stabilize After Jobs Report Jolt
The November jobs report blew past expectations, sending the markets sharply lower at the open.
-
States Sending Stimulus Checks in December 2022
Residents in these states could get an additional holiday gift this month in the form of a state "stimulus" payment.
-
Student Loan Forgiveness Blocked For Now Due to Court Rulings
Biden's student loan debt forgiveness program is on hold until the U.S. Supreme Court can weigh in.
-
15 States That Tax Military Retirement Pay (and Other States That Don't)
retirement Taxes on military retirement pay vary from state-to-state. How generous is your state when it comes to helping retired veterans at tax time?
-
$2.04 Billion Powerball Lottery Jackpot Winner Will Have a Massive Tax Bill
The $2.04 billion-dollar Powerball jackpot has its big winner and the federal government will get a big chunk of the prize from taxes.
-
December “Stimulus” Checks 2022: Massachusetts Tax Refund Money is Still Being Sent
Massachusetts is returning nearly $3 billion to eligible taxpayers through tax refunds until around December 15, but beware of scams.
-
What's the Standard Deduction for 2022 vs. 2023?
Tax Breaks Most Americans claim the standard deduction on their federal tax return instead of itemized deductions. How much can you claim on your 2022 and 2023 returns?
-
What Are the Capital Gains Tax Rates for 2022 vs. 2023?
capital gains tax The capital gains tax rate that applies to a capital gain depends on the type of asset, your taxable income, and how long you held the property sold.
-
Virginia 2022 “Stimulus” Tax Rebates
Many eligible Virginians have received an up to $500 tax rebate check for 2022.
