The state of Mississippi is offering one tax-free weekend event during 2018. It applies only to specific types of clothing and shoes and is intended to coincide with parents' annual back-to-school shopping efforts.
Mississippi's Tax-Free Weekend Event
Mississippi's tax-free weekend is scheduled for Friday, July 28th through Saturday, July 29th, 2018. According to the website freetaxweekend.com, the exemption applies to many articles of clothing and footwear costing less than $100 per item (or pair), including but not limited to:
- Baby clothes
- Gym suits and school uniforms
- Nightgowns and nightshirts
- Work clothes and uniforms
Single items or items sold as a unit with a sales price of $100 or more are not eligible for the exemption. In addition, the exemption does not apply to rentals of clothing or footwear. Other non-exempt items include:
- Baseball cleats
- Graduation caps and gowns
- Hair accessories
- Sports helmets and pads
- Wallets, watches, and watch bands
The Mississippi Department of Revenue provides guidelines for a number of specific situations, including:
- Buy one, get one free or for a reduced price
- Internet, mail, and telephone sales
- Layaway sales
- Rain checks
- Shipping and handling
Smart Shopping Strategies for Mississippi's Tax-Free Weekend
Remember that using good common sense will help you save even more during tax-free weekend. For example, take the time to compare prices at different stores, either in person or on the internet, and use coupons to save even more when possible.
In addition, make sure you're not buying things you don't need, just because of the tax-free weekend. After all, the sales tax rate in Mississippi is 7%, so that's the amount - in addition to any local sales tax, if applicable - that you would be saving by shopping during the sales tax holiday. It may turn out that you can save even more during the week before or the week after Mississippi's tax-free weekend if you shop around and pay attention to sales and promotions.
Remember that even though certain items are tax-free, many are not. If you're looking for deals on items such as sports equipment or accessories, you'd be better off looking for used sports equipment sales. These are often offered through schools and sports leagues, and it's easy to pick up a low-cost, lightly-used set of cleats, baseball helmet, lacrosse stick, etc. for a bargain price.
It's easy to find yourself picking up "sale" items expecting a bargain. But read the state guidelines carefully. If an item is already being sold at a discount, it's not eligible for tax-free status. That means you may actually get a better deal if you buy the sale item than if you buy the tax-free item at full price. Bring a calculator along to be sure you're getting the best possible price.
Keep in mind, too, that individual municipality can choose to opt-out of Mississippi's tax-free weekend, so you will need to check with your town hall or municipality office to ensure that the sales tax holiday is indeed taking place in your area.