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CONTACT US

469-269-6541

nitin@nitinguptadfw.com

8005 Fallmeadow Cir, Plano, TX 75024

Nitin Gupta is a residential real estate agent with Competitive Edge Realty

 

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Dallas Residents, Plan Ahead for Sales Tax Holidays!

August 1, 2018

 

 

Ready, set…save! Texas sales tax holidays are coming up fast! Metro Dallas residents can look forward to back-to-school savings with the August 10-18 tax holiday. The tax holiday exempts clothing, computers and school supplies from sales taxes, under certain guidelines. Here’s what you need to know!

 

 

Texas Sales Tax Holiday for Back-to-School items:
 

Clothing, including footwear, is exempt from sales tax as long as the purchase of each item is $100 or less. Things like belts, socks, ties, hats and gloves are also eligible. Baby clothing and diapers also qualify! However, certain accessories and jewelry do not qualify. Examples of non-qualifying items include purses, umbrellas, sunglasses and watches.

 

Computers, computer components and software priced $1,000 or less will be exempt from sales tax. The purchases must not be for business or commercial use. Examples of eligible products include laptops, tablets, e-book readers, monitors, printers, ink cartridges, hard drives and data storage devices. Products that are not eligible include televisions, cell phones and digital cameras.

 

School supplies with a sales price of $20.00 or less per item will be exempt from sales tax. Just about every common school supply is included. Ineligible products are briefcases, envelopes, and any supplies used for business or commercial purposes.

 

To make the most of the tax holiday, prepare your shopping list in advance, and compare it to the official list of eligible products. Many retailers offer corresponding sales and specials during the same weekend, so plan ahead, and enjoy the savings!

 

This is also a great time to make purchases for charity. You can save sales taxes on the purchases now, and if you itemize your income tax return, enjoy the write-off next filing season. (Save your receipts! See IRS.gov or your tax preparer for rules on itemized deductions!)

 

 

 See the list of all eligible sales tax holiday items at the Texas Department of Revenue website.
 

Happy shopping! And when you’re ready to buy or sell a Metro Dallas home, I’m here to help you! Whenever you have questions about Dallas real estate, please feel welcome to contact me!

 

 

 

About us:

 

If you have no selected a top Dallas, TX Realtor to represent you in your home purchase, contact me, and I’d love the opportunity to interview for the opportunity to help you find your dream home! We offer great service and incentives for new home buyers in Southlake, Colleyville, Frisco, Plano, Coppell, Prosper, Castle Hills, Celina, Lewisville and other cities in DFW metro area.

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