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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Sales Tax Holiday for Back-to-School Starts Today
Posted by:
FFX County Schools
()
Date: August 05, 2011 02:10PM
Sales Tax Holiday for Back-to-School Starts Today
Three tax-free days
By Bobbi Bowman
http://mclean.patch.com/articles/sales-tax-holiday-for-back-to-school-starts-this-weekend
Virginia’s sixth annual back-to-school sales tax holiday starts today and last through Sunday.
During this three-day period, many school supplies and clothing items will be exempt from the state and local sales tax, easing the financial burden of families as they prepare to send their children back to school.
As in past years, a variety of school supplies, including notebooks, pens, binders, calculators, paints and crayons, will be tax-free as long as each item costs $20 or less. Most clothing items and footwear will also be exempt from the 5 percent sales tax as long as they are priced at $100 or less each. There is no limit on the number of items you can purchase tax-free as long as each item qualifies.
Lists of eligible items, along with guidelines and frequently asked questions for both consumers and retailers, are posted on the Department of Taxation website.
The sales tax holiday is available to anyone – not just those preparing for school – and all Virginia retailers who sell the exempt products must participate. During the sales tax holiday, retailers may also choose to save taxpayers even more by opting to pay the sales tax themselves on items that are not exempt under the guidelines.
The 2011 holiday is expected to save Virginians an estimated $4.3 million in sales tax. Virginia also holds sales tax holidays for Energy Star- and WaterSense-qualified products in October and for hurricane preparedness in May.
Three tax-free days
By Bobbi Bowman
http://mclean.patch.com/articles/sales-tax-holiday-for-back-to-school-starts-this-weekend
Virginia’s sixth annual back-to-school sales tax holiday starts today and last through Sunday.
During this three-day period, many school supplies and clothing items will be exempt from the state and local sales tax, easing the financial burden of families as they prepare to send their children back to school.
As in past years, a variety of school supplies, including notebooks, pens, binders, calculators, paints and crayons, will be tax-free as long as each item costs $20 or less. Most clothing items and footwear will also be exempt from the 5 percent sales tax as long as they are priced at $100 or less each. There is no limit on the number of items you can purchase tax-free as long as each item qualifies.
Lists of eligible items, along with guidelines and frequently asked questions for both consumers and retailers, are posted on the Department of Taxation website.
The sales tax holiday is available to anyone – not just those preparing for school – and all Virginia retailers who sell the exempt products must participate. During the sales tax holiday, retailers may also choose to save taxpayers even more by opting to pay the sales tax themselves on items that are not exempt under the guidelines.
The 2011 holiday is expected to save Virginians an estimated $4.3 million in sales tax. Virginia also holds sales tax holidays for Energy Star- and WaterSense-qualified products in October and for hurricane preparedness in May.