Clear it up Fridays — Wisconsin Sales Tax Holiday

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This August, we will be featuring a series of short educational posts aimed to clarify trending items in the financial news.

We start today with Wisconsin’s Sales Tax Holiday.

Today is the third day of Wisconsin’s 2018 five-day Tax Holiday, which means you have until the end of the day on Sunday to make your tax-free purchases. The exemption does apply to on-line sales as well, as long as the item is ordered, paid for and accepted during the sales tax holiday. Purchases do not have to be delivered during the five day window.

Each qualified purchase is exempt, so you can make multiple purchases on the same receipt and each one will qualify for the exemption if it meets the requirements. Clothing purchases must be less than $75, computers must be for personal use and must be less than $750, computer supplies must be less than $250 and school supplies must be less than $75.

This does not include text books.

The price limit refers to the sales price.

If you have further questions about the Sales Tax Holiday, please call the office.

Now get shopping (but stay within your budget)!

 

The past does not predict the future, and past results do not predict, guarantee, or indicate future performance.  These explanations are for educational purposes only and should not be perceived as advice, a solicitation to buy or sell, or a recommendation.. The information and opinions contained in this material are derived from proprietary and nonproprietary sources, deemed by Winch Financial to be reliable, and are not necessarily all-inclusive and are not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader.