Get Ready for a Tax Holiday in Massachusetts!

Man-buying-washing-machine

If you've had your eye on a new laptop or need to replace a washer/dryer, this may be a good weekend to drop some serious cash. Last week Massachusetts lawmakers passed an economic development bill that includes a tax-free holiday on the weekend of August 11-12, 2018...the first tax-free holiday since 2015!

This means you won't pay the 6.25 percent sales tax in Massachusetts this weekend for all retail goods. However, there are a number of exceptions, including single items over $2,500, meals, motor vehicles, motorboats, and tobacco products. You can find more details about how the tax-free weekend will work here.

Happy shopping!

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About Author

Diana Burrell
Diana Burrell

Diana Burrell is the communications manager at Hanscom FCU and edits the MoneyWisdom blog. She has a background in magazine journalism, as well as marketing, advertising, and public relations, and has written over a dozen books. You can reach her at dburrell@hfcu.org.

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