2023 Maryland Tax-Free Week is here.
2023 Maryland Tax-Free Week is here.
Maryland Tax-Free Week: A Shopper’s Paradise
Are you ready for some serious savings? Look no further than Maryland’s tax-free week! Running for a full seven days, this event is longer than most back-to-school tax holidays in other states. While Maryland may not include electronics or school supplies in its tax holiday like some other states, there is still a lot of potential for savings. So, grab your shopping bags and let’s explore all the exciting details.
The Maryland Tax-Free Week
Between August 13 and August 19, shoppers in Maryland can rejoice as the state’s 6% sales tax will be exempt on eligible purchases. Talk about a sweet deal! For every $100 you spend, you’ll save $6 right off the bat. However, not all items qualify for this tax exemption, and there are a few rules you need to keep in mind to make the most of this opportunity.
Here are the key rules you should be aware of:
- Individual items must be priced at $100 or less to qualify.
- If an item costs more than $100, the entire amount is subject to sales tax.
- Sets containing both taxable and tax-exempt items are fully taxable.
- Only the first $40 of backpack purchases are tax-exempt.
What’s Included in Maryland’s Tax-Free Week
Maryland exempts certain clothing and footwear purchases from sales tax during the tax-free week. So, what can you happily splurge on without worrying about the extra tax burden? Here’s a list of the goodies you won’t be paying sales tax on:
- Shoes and boots
- Belts
- Sweaters and shirts
- Jeans and slacks
- Undergarments and robes
But that’s not all! There’s an extra bonus for savvy shoppers. Eligible items placed on layaway during the tax holiday are tax-exempt, even if the layaway purchase is fully completed after the holiday. Other types of clothing may also qualify as tax-exempt during this back-to-school bonanza. If you have any questions regarding specific items, don’t hesitate to reach out to the Maryland Comptroller’s office for clarification.
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Tax on Clothes in Maryland
While Maryland’s tax-free week offers excellent savings, it’s important to note that not all clothing and footwear items are included in the exemption. Accessories like ties, headbands, jewelry, and handbags are still taxable. Moreover, while belts are tax-exempt, belt buckles are subject to sales tax when sold separately. So, choose your accessories wisely!
Here are a few more items that are still taxable:
- Items used to make and repair clothing, such as fabric and zippers.
- Clothing alterations (tailoring services).
- Protective clothing items, including shoulder pads.
Keep these exceptions in mind while planning your shopping spree.
Coupons and Savings
We all love a good deal, don’t we? Redeeming coupons during your shopping excursion can help you save even more money. However, there are some rules to follow. Manufacturer’s coupons that lower the price of a qualifying item to $100 or less won’t qualify for the tax holiday. However, a retailer’s coupon, also known as a store coupon, that brings the price down to $100 or less may make the item tax-exempt. So, don’t forget to check those coupons!
Maryland Tax-Free Online Sales
If you prefer the ease and convenience of online shopping, you’re in luck! Online orders are included in Maryland’s tax-free week. This not only saves you money but also helps you avoid the hefty gas taxes that Maryland imposes. To enjoy tax-free shopping online, simply order and pay for your items during the sales tax holiday. Remember, the order must also be shipped or accepted for shipment during this period. So, if you want to make the most of this tax exemption, refrain from choosing delayed shipment options.
Now that you have all the inside scoop on Maryland’s tax-free week, it’s time to put on your shopping shoes and take advantage of this shopper’s paradise. Get ready to save big on clothing and footwear while enjoying a stress-free shopping experience. Happy shopping, savvy Marylanders!
