New York Minute: Avoid the NYC 8.5% Clothing Sales Tax
Did you know you can sometimes avoid the NYC 8.5% clothing sales tax? Keep your clothing and footwear purchases below $110 per receipt, and you don’t need to pay the tax! Check out the www.nyc.gov site for more info. Typically retail purchases in NYC incur an 8.5% sales tax, inclusive of 4.5% from the city and another 4% from the state. If your clothing purchase happens to exceed $110, perhaps consider breaking it up into several smaller purchases to avoid the 8.5% tax. Saving 8.5% isn’t too shabby, considering the S&P 500 has returned, on average, 10% from 1920-2019. Your New York Minute articles focus on quick tips to help you save money and optimize your life. All in about 1 minute! (function() { window.mc4wp = window.mc4wp || { listeners: , forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Virtual tequila for your inbox, sprinkled with semicoherent thoughts: Leave this field empty if you're human: Grammarly's artificial intelligence aided in the editing of my article. Perhaps it can help you! Consider clicking this link to support my work wherein I will receive a commission for your purchase. Read the full article