Believe it or not, it’s back-to-school time again!
Preparing our kids for a new school year can be a fun and exciting time, but with so many families feeling an economic crunch these days, it can be a stressful time as well.
That’s why I wanted to remind you of some good news that will help your back-to-school budget. Shoppers will no longer pay state sales tax on clothing purchases up to $110.
Clothing purchases can be a big part of a family budget, and I was pleased to support this tax cut to help hardworking New Yorkers keep more money in their pockets. Repealing the sales tax on clothing is projected to save a typical family about $200 a year.
In addition to the new "Middle Class Tax Cut" that slashed income tax rates to their lowest levels in 58 years, as well as the repeal of the MTA Payroll Tax that was crippling schools, businesses and non-profits, the clothing tax repeal is another way I am working to bring relief to hardworking taxpayers.
Think of it as the 4 percent off sale that never ends.
For more information about the repeal of the clothing sales tax, open the attached document.