Opens in a new tab

Turkey Day thanks and taxes

November 22, 2018
Thanksgiving meal Zeetz Jones Flickr CC

It's turkey time! Thanksgiving spread photo courtesy Zeetz Jones via Flickr CC.

Happy Turkey Day!

I hope you and yours are having a wonderful Thanksgiving Day. It's subdued at our house this year, just the hubby and me. My mom is spending the day with some extended family.

Plus, due to some dining issues created by recent oral surgery, our menu — OK, my menu — is limited to mashed potatoes and gravy.

That means the hubby gets to pig out for the both of us. But I'm thankful that I can still enjoy the super creamy pumpkin pie that he makes every year.

One other thing for which to say thanks on this late November Thursday is that in most places, the bulk of our repast is tax-free. Only a handful of states tax food.

Taxes on most everything else: Of course, grocery stores sell all the necessary dining accoutrements and those tend to have sales tax tacked on. This includes such things as tableware, platters, flatware, that special big pan for the turkey.

To set the mood, if you bought candles, centerpieces and other decorative items like table runners or items from craft stores to place strategically throughout the house, those touches were probably taxed.

And, of course, the toasts you raise to celebrate all for which you're thankful face a number of taxes.

Soft drinks and other sugary beverages are taxable, even more so in some places. So are the adult beverages like wine and liquor, which in addition to sales taxes include in their prices state and federal alcohol excise taxes.

Taxable medicine, too: Overeat much? You are not alone. Unless you didn't get the word and serve Romaine lettuce in a dish, you should be able to tend to your mild post-dinner stomach woes with over-the-counter medications.

That plop, plop, fizz, fizz treatment for too much turkey is taxable. As are the aspirin you take tomorrow because there were just too many instances of raised stemware.

No escape by eating out: And if you decided to skip the clean-up chores by dining out, note that tax line on your ticket. Restaurant meals definitely include, in addition to automatic gratuities in some cases, tax.

The bottom line on this day of thanks is that Uncle Sam and his state tax collecting counterparts are unseen guests at your dinner table.

For the most part, the services you get in exchange for your taxes are something to be thankful for, too.

But rather than get into a tax discussion, which could lead to a political discussion which could bring a premature end to this supposed-to-be day of happy gatherings, how about taking a break from taxes. Just enjoy your meal and family and friends.

Taxes will wait. In fact, they'll be around long after Thanksgiving leftovers are finally finished.

You also might find these items of interest:

Advertisements

 




 

Share:

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. 

Latest Posts
IRS sending refunds to families that claimed adoption tax credit carryforwards

October 18, 2026

Tax reform changes to the adoption tax credit meant some families didn’t get the new…

Read More
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.)

Comments
Leave the first comment