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FLORIDA TAX HOLIDAY ENDS TODAY!!! GET OUT AND SHOP!

By
Real Estate Broker/Owner with Builder Services Realty, LLC BK3156004

Florida's back-to-school tax holiday started Friday, and shoppers should prepare for a mad dash, especially today...the LAST DAY of tax free shopping!

Instead of a tax-free week that Florida has had in some past years, this year shoppers only had three days: Friday, Saturday and Sunday.

Generally speaking, school supplies and clothing are tax free, with some very specific rules in effect. 

Clothing: Items $75 or less are tax free. By state law, that includes things like shirts, jackets, pants, footwear, shoes, fanny packs, lingerie and purses. But, items like football pads, in-line skates and watches are taxable.

School Supplies: Items $15 or less are tax free, generally. This includes pens, pencils, erasers, crayons, notepaper, notebooks, scissors, glue and calculators among other items. HOWEVER, computer paper, masking tape and staplers are taxable.

Books: Books are not tax free during the holiday.

Internet: Items bought over the Internet are tax free if purchased during the holiday period and the retailer is set up to honor the tax-free holiday.

Shipping costs are included in an item's price, so a $75 top with a $5 shipping fee makes the entire purchase taxable

Disney: Don't forget...ANY item bought at a theme park or hotel is taxable!!

    

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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Good morning Angelina-happy shopping to you! I will be heading to the mall right after yoga today!

Aug 14, 2011 12:25 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The question begs, are we better saving on the tax today or wait till next week for lower sales prices?

Aug 14, 2011 12:58 AM