Mississippi’s tax-free weekend, running from Friday at 12:01 a.m. to Sunday at 11:59 p.m. exempts clothing, footwear, and accessories under $100 from sales tax.
Tax-Free Weekend Details in Mississippi
Mississippi residents are eagerly awaiting the tax-free weekend starting Friday at 12:01 a.m. and ending Sunday at 11:59 p.m. During this period, clothing, footwear, and accessories priced under $100 will be exempt from sales tax making it an ideal time for summer and back-to-school shopping.
However, items like jewelry, handbags, specific sports equipment and graduation items such as caps and gowns do not qualify for the tax exemption. Shoppers should keep these exclusions in mind when planning their purchases.
Retailers can apply store discounts and coupons to lower the price of eligible items to $100 or less, qualifying them for the tax exemption. Manufacturer’s coupons cannot be used for this purpose. Understanding these guidelines helps shoppers maximize their savings during the tax-free weekend.
For those who prefer shopping remotely purchases made online, by mail, or over the phone during the tax-free weekend are also eligible for the exemption if the item is under $100. This option provides convenience for shoppers who wish to shop from home, according to the report of Sun Herald.
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Back-to-School Savings and Shopping Tips
School supplies such as paper, pens, binders, and backpacks are included in the tax-free weekend allowing families to save money as they prepare for the upcoming school year.
Clear guidelines are in place regarding rain checks and exchanges. Items purchased with a rain check qualify for the exemption if redeemed during the tax-free period. Similarly, exchanges for the same eligible item, like a different size or color are exempt from additional sales tax.
As Mississippians prepare for the tax-free weekend and retailers are gearing up to meet the demand for eligible items and offer special promotions. This event not only saves money for consumers but also provides businesses with an opportunity to attract customers. With careful planning and understanding of the rules shoppers can make the most of this annual shopping event.
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