Maryland plans to host two tax free weekend events during 2014. The first one is an Energy Star sales tax holiday, and the second one applies to general merchandise. By planning your back-to-school shopping, as well as the purchase of any needed appliances, around these dates, you can save quite a bit of money for your family.
Maryland's Tax Free Shopping Events:
Maryland's Energy Star Sales Tax Holiday: In Maryland, the Energy Star Sales Tax Holiday is scheduled for February 15-17, 2014 and includes the following Energy Star Efficient purchases:
- Air conditioners
- Clothes washers and dryers
- Heat pumps
- Standard size refrigerators
- Compact fluorescent light bulbs
- Programmable thermostats, and
- Solar water heaters (which are always tax-exempt in Maryland)
Maryland's Tax Free Week: The sales tax holiday for general merchandise purchased in Maryland is scheduled for August 10-16, 2014 and applies to the following items:
- Clothing priced at $100 or less
- Footwear priced at $100 or less
Smart Shopping Techniques for Tax Free Week:
Don't forget to use good common sense when you're shopping during tax free week. For example, remember to compare prices at different retailers, and use coupons when you can.
In addition, don't buy anything you really don't need just because of Maryland's tax free week. After all, the sales tax rate in Maryland is 6%, so that amount - plus any local sales tax, if applicable - is what you'd be saving. It's entirely possible that you'll save even more than that by shopping during the week before or the week after the tax free week event, so do your homework before heading out to the mall.
Keep in mind, too, that not all general merchandise items are included in the sales tax holiday. For example, accessories such as jewelry, watches, watchbands, handbags, handkerchiefs, umbrellas, scarves, ties, headbands, and belt buckles are not tax-exempt.
Additional Tax Free Shopping Resources: