Tax No Tuesday Episode 38: Are Black Friday and cyber Monday tax free?
Welcome to Tax No Tuesday! Yesterday was Cyber Monday, the online equivalent to Black Friday! On this 2-minute episode we will answer the most frequently ask question whether these shopping days are tax free. Unfortunately, from a sales tax standpoint, they are not. Whether purchasers buy online or in store, they are responsible for paying tax on their purchases. But don’t lose hope, some lucky shoppers will find that their dollars go further if they live in states with low or no sales tax. Below are five of the best states for Black Friday shopping: 1. Alaska 2. Delaware 3. Montana 4. New Hampshire 5. Oregon On your next Black Friday shopping, you may reconsider spending your Thanksgiving day on those tax haven states. For every IRS regulation there are limitations. Thank you for watching. Tune in every Tuesday for more tips! Please like our Facebook page: www.facebook.com/wycotax
