How to Ditch Leftovers – And Sales Tax

tax freeAlmost twenty years of marriage to a diehard fisherman and over a decade and counting of raising two boys, and yet I had never had a new washing machine. It was always a hand-me-down – you know, someone was upgrading to the front loader, someone was moving, someone didn’t want to haul it to the curb – so I ended up with the leftovers. Finally I put my foot down, I had had enough of lingering grass stains and fish scales which made their way into the linens. I was unaware of the tax holiday my state had for such appliances. If I would have just held my foot for just a little longer, I could have saved a pretty penny on my purchase. 

For residents in Virginia, North Carolina and Georgia, who need to replace an old, outdated appliance, timing could mean savings. These states have enacted a tax holiday for energy-efficient appliances. You won’t pay state or local taxes if you purchase an appliance that has the “Energy Star®” label. If your appliance is stamped “WaterSense®,” Virginia and Georgia will not charge taxes on those appliances either.

The tax holiday weekend for Virginia is October 11 - 14, 2013 and for Georgia is October 4 - 6, 2013. The Energy Star only tax holiday weekend for North Carolina is November 1 - 3, 2013. The tax free weekend is only for home-use appliances.

Air conditioners, washing machines, freezers, refrigerators, doors, windows, ceiling fans, dehumidifiers, and programmable thermostats will be exempt from State and local sales tax during the tax holiday periods for all three states. Bathroom faucets, showerheads, and high-efficiency toilets are a few items that fall under the WaterSense label in Virginia and Georgia. There are some exceptions and limitations, so visit your state’s web site below to learn more. 

Note that a tax-free weekend is no reason to run out and buy an appliance. In Virginia, state sales tax is 5%; in North Carolina, it is 4.75%; and, in Georgia, it’s 4% - this amount plus any local sales tax is what you’ll save. Still, how often do you get to dodge taxes? Wish I could say I had taken advantage of the tax holiday. But I don’t miss being queen of hand-me-downs.  

Disclaimer: Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.  

 

Posted To: Tax Mommy's Blog By: Stephanie Brenneman On: Wednesday, October 02, 2013
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