School starts in August and with it come all of the shopping trips – new school clothes, school supplies, new computers, and a host of other things. Imagine a world where for just a few days there was no sales tax. Think about how much money you could save.
Well, you are getting your wish! From Wednesday, August 1st throughSunday, August 5th, 2018 there will be a Sales Tax Holiday in Wisconsin. A sales tax holiday is a limited-time period where a state allows sales tax to be waived or reduced on categories of items. These holidays are short in duration and are limited to the items listed.
During the Sales Tax Holiday, purchases of these items are not taxable:
- Clothing – sales price of each item must be $75 or less
- Computer purchased by a consumer for their personal use – sales price of each computer must be $750 or less
- School computer supplies purchased by the consumer for their personal use – sales price of each item must be $250 or less
- School supplies – sales price of each item must be $75 or less
There are items that will still be taxed, so make sure you know which ones those are. During the sales tax holiday, the following items continue to be taxable:
- Clothing accessories or equipment
- Protective equipment
- School art supplies
- School instructional materials
- Sport or recreational equipment
For a detailed list of items that fall into the taxable and non taxable categories check out the Wisconsin Department of Revenue website: https://www.revenue.wi.gov/Pages/FAQS/SalesTaxHoliday.aspx#sth3