It’s time for back-to-school deals!
Some states are going sales tax free for a weekend or full week in August. In comparison to sales tax ranging between 4% to 10% of your purchase, it means more bang for your buck.
What kind of deals can you get?
First off, you might wonder if this tax free weekend is limited to certain purchases. Each state is different but you can find out which purchases your state considers tax free.
However, you should be able to pick up the necessities. Continue reading “Which States Still Have Tax Free Weekends?”
Tax relief will give you the break you need.
There are few calamities that compare to the damage and loss of a natural disaster. Hurricane Harvey forced thousands of residents from Texas out of their homes and left stranded without power and clean drinking water. Similarly, residents of Florida had to evacuate coastal areas due to flood zones. These events can leave families in a wreck, taking years to recover from. As horrific as these events can be, the IRS provides tax relief for taxpayers living in disaster areas.
Read on to learn more about how the IRS handles tax reliefs and find out if you qualify.
What is a natural disaster?
According to the IRS, a natural disaster is a nature-related event. Usually, these events are hurricanes, floods, earthquakes, and tsunamis. However, there are more. Nonetheless, it was surprising to find mine cave-ins and sonic booms on the list!
Do I qualify?
Continue reading “Tax Relief for Victims of Natural Disasters”