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Tax holiday head start in Ga., Miss.

July 30, 2009

Here's a quick reminder for tax-savvy shoppers in a couple of southern states:

  • Georgia's four-day sales tax holiday begins today.
  • Mississippi kicks off its two day no-tax event tomorrow.

The Peach State holiday runs through Sunday, Aug. 2, and allows shoppers to purchase certain pieces of apparel (costing $100 or less), computers and accessories (with a $1,500 limit) and, in keeping with the back-to-school hook, some school supplies (priced at $20 or less).

The Georgia Department of Revenue provides detailed lists of tax-exempt items for each product segment — clothing and shoes, computers and classroom material. From those pages, you can click to see what items will still be taxed during the tax holiday period.

When Mississippi's tax holiday begins early July 31, shoppers can avoid sales taxes on articles of clothing or footwear as long as the price of each item is less than $100.00.

Magnolia State officials don't provide detailed lists, but do offer examples of what is and isn't tax free on a special sales tax holiday Web page.

Also note that the Mississippi event ends at the stroke of midnight Saturday night.

These two holidays are appetizers for a banquet offered by 13 other states with similar events, most of which kick off next week. To plan accordingly, check out my earlier post, Back-to-school tax holidays on tap, which includes a table with links to all the participating states.

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It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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