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Maryland shoppers, it’s your tax holiday turn Aug. 14-20

August 14, 2016

Maryland hosts the penultimate summer 2016 sales tax holiday this coming week.

Mother-daughter clothes shopping_MomtasticMaryland's sales tax holiday is this week, offering some savings on clothing and shoe purchases.

The event in the Old Line State actually started today, Sunday, Aug. 14, at 12:01 a.m. It runs through midnight, Saturday, Aug. 20.

Back-to-school in name only: These late summer events held annually in more than a dozen states — there are/were 16 tax-free holidays and one tax-reduced period on the 2016 calendar — typically are promoted as back-to-school shopping periods.

In Maryland, however, school supplies bought this week are still taxable. Only certain items of clothing and footwear are tax-free for the next seven days.

But, hey, growing kids need new clothes for coming classes, so the back-to-school pitch still applies.

The Maryland Comptroller has posted a handy three-page list of items to help shoppers know what is and isn't taxable.

And if you prefer not to brave the crowds at your local mall or shopping center, Maryland specifically notes that qualifying online purchases are tax-free, too.

One more to come: Wait, you say, don't leave us hanging with your opening sentence timetable tease. If Maryland's tax holiday is the next-to-last one of the 2016 summer, which state wraps up this year's tax-free back-to-school shopping season?

That's Connecticut.

The Constitution State's week-long tax holiday starts the day after Maryland's ends. I'll post details of that event as it nears.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

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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