2014 Louisiana Annual Sales Tax Holiday: Most retail purchases exempt from state sales tax August 1 & 2

BATON ROUGE – Just in time for back-to-school shopping, most retail purchases in Louisiana are exempt from the 4 percent state sales tax on Friday, August 1, and Saturday, August 2. The 2014 Louisiana Annual Sales Tax Holiday applies to most individual consumer purchases of tangible personal property.

Conditions

The sales tax holiday exempts the first $2500 of the purchase price of each eligible item when the customer:

  • Buys and accepts delivery of eligible property;
  • Places property on layaway;
  • Acquires property that was previously placed on layaway; or
  • Places an order for immediate delivery, even if the delivery must be delayed, provided the customer has not requested delayed delivery

The sales tax holiday applies only to the 4 percent state sales tax. Local sales taxes still apply unless the local taxing authority creates its own exemption.

Exceptions

The sales tax holiday does not apply to:

  • Vehicles subject to title and license
  • Meals prepared for consumption on premises or to-go; and
  • Taxable services such as hotel occupancy, laundry services, printing services, telecommunication services, the furnishing of cold storage space, leases or rentals of tangible personal property, repairs to tangible personal property, and admission to athletic, amusement, or recreational facilities or even

Visit www.revenue.louisiana.gov/taxholiday for a full explanation of conditions of the 2014 Louisiana Annual Sales Tax Holiday.

Back-to-School Tax Deductions

The Louisiana Department of Revenue reminds shoppers to retain receipts for back-to-school items such as supplies, uniforms, and equipment required by schools. These purchases may qualify for tax deductions on 2014 Louisiana Individual Income Tax Returns due May 15, 2015. The deductions apply to educational expenses for public, private, parochial, and home schools. To claim the deductions, you must be able to claim the student as a dependent on your state individual income tax return, and you must be able to provide documentation for the expenses.

For more information about the Louisiana School Tuition and Expense Tax Deductions, visit www.revenue.louisiana.gov/schooldeduction.

 

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Many school expenses eligible for Louisiana tax breaks

BATON ROUGE – Tuition, uniforms, supplies and other education expenses paid during the 2012 tax year may be eligible for deductions on the Louisiana individual income tax return. The Louisiana School Tuition and Expense Tax Deductions apply to public, private and parochial education costs, as well as home-schooling.

There are three separate deductions:

  • Elementary and Secondary School Tuition – Applies to 100 percent of eligible expenses paid during the tax year, limited to $5,000 per dependent child enrolled in a nonpublic elementary or secondary school. Eligible expenses include tuition, fees, uniforms, textbooks and other supplies required by the school.
  • Education Expenses for Home-schooled Children – Applies to 50 percent of eligible expenses paid during the tax year, limited to $5,000 per dependent. Eligible expenses include amounts paid for the purchase of textbooks and curricula necessary for home-schooling. To qualify for the deduction, you must be approved for home-schooling by the Louisiana Board of Elementary and Secondary Education (BESE).
  • Educational Expenses for a Quality Public Education – Applies to 50 percent of eligible expenses paid during the tax year, limited to $5,000 per dependent child enrolled in a public elementary or secondary school, including Louisiana Department of Education-approved charter schools. Eligible expenses include uniforms, textbooks and other supplies required by the school.

To claim any of these deductions, you must be able to claim the student as a dependent on your Louisiana Individual Income Tax Return.  You must provide documentation of expenses paid.

The Louisiana state income tax filing deadline is May 15.

Visit www.revenue.louisiana.gov/schooldeduction for more information.

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Many back-to-school purchases are tax deductible

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BATON ROUGE – School supplies, school uniforms, tuition and educational equipment may be eligible for a series of state tax breaks known as the Louisiana School Tuition & Expense Deductions.  These income tax deductions are available to families with students in public, private and parochial schools, as well as students who are home-schooled.  Deductions for purchases this year may be claimed on 2012 Louisiana Individual Income Tax Returns due May 15, 2013.  To claim the deductions, you must be able to claim the student as a dependent on your state individual income tax return, and you must be able to document the expenses.

A tax deduction can reduce your taxable income, resulting possibly in a larger income tax refund.

Deduction for Elementary and Secondary School Tuition

This deduction applies to 100 percent of tuition and fees paid to a nonpublic elementary or secondary school, up to $5,000 per dependent.  It applies also to the following expenses:

  • Purchase of school uniforms required by schools for general day-to-day use
  • Purchase of textbooks, curricula, or other instructional materials required by schools
  • Purchase of school supplies required by schools

Deduction for Fees and Other Educational Expenses for a Quality Public Education

This deduction applies to 50 percent of the amount paid for eligible expenses, up to $5,000 per dependent.  Eligible expenses include:

  • Purchases of school uniforms required by the school for general day-to-day use
  • Purchases of textbooks, curricula, or other instructional materials required by the school
  • Purchases of school supplies required by the school

Deduction for Certain Educational Expenses for Home-schooled Children

This deduction applies to 50 percent of eligible expenses, up to $5,000 per dependent.  Eligible expenses include textbooks and curricula necessary for home-schooling.

Visit www.revenue.louisiana.gov/schooldeduction for more information.

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School expenses eligible for Louisiana state income tax deductions

BATON ROUGE – Education expenses paid during the 2011 tax year may be eligible for Louisiana state income tax deductions.  The Louisiana School Tuition and Expense Tax Deductions apply to tuition, school supplies, uniforms and home-schooling expenses.

There are three separate deductions:

  • Elementary and Secondary School Tuition (La. R.S. 47:297.10) – Applies to 100 percent of eligible expenses paid during the tax year, limited to $5,000 per dependent child enrolled in a nonpublic elementary or secondary school.  Eligible expenses include tuition, fees, uniforms, textbooks and other supplies required by the school.
  • Education Expenses for Home-schooled Children (La. R.S. 47:297.11) – Applies to 50 percent of eligible expenses paid during the tax year, limited to $5,000 per dependent.  Eligible expenses include amounts paid for the purchase of textbooks and curricula necessary for home-schooling.  To qualify for the deduction, you must be approved by the State Board of Elementary and Secondary Education (BESE) for home-schooling.
  • Educational Expenses for a Quality Public Education (La. R.S. 47:297.12) – Applies to 50 percent of eligible expenses paid during the tax year, limited to $5,000 per dependent child enrolled in a public elementary or secondary school, including Louisiana Department of Education-approved charter schools.  Eligible expenses include uniforms, textbooks and other supplies required by the school.

To claim any of these deductions, you must be able to claim the student as a dependent on your Louisiana Individual Income Tax Return.  You must also be able to provide documentation of expenses paid. 

Visit www.revenue.louisiana.gov/schooldeduction for more information.

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LDR News Release – Many back-to-school expenses eligible for Louisiana state income tax deductions

BATON ROUGE – The Louisiana Department of Revenue reminds shoppers to hold on to their receipts while shopping for uniforms, books, supplies, and other items students will need for the new school year.  Many of those purchases are eligible for Louisiana state income tax deductions.

The Louisiana School Tuition & Expense Tax Deductions apply to tuition, school supplies, and home-schooling expenses. 

There are three separate deductions:

Income Tax Deduction for Elementary and Secondary School Tuition (La. R.S. 47:297:10)

Allows an income tax deduction for amounts paid during the tax year for tuition and fees required for enrollment in a nonpublic elementary or secondary school. Beginning with the 2011 tax year, the deduction is for the full amount of tuition and fees per dependent, limited to $5,000. The total amount of the deduction may not exceed the taxpayer’s total taxable income.

Income Tax Deduction for Certain Educational Expenses for Home-Schooled Children (La. R.S. 47:297:11)

Allows an income tax deduction for education expenses paid during the tax year by a taxpayer for home-schooling children.  The deduction is for 50 percent of the actual qualified education expenses paid per dependent, limited to $5,000. Qualified educational expenses include amounts paid for the purchase of textbooks and curricula necessary for home-schooling. The total amount of the deduction may not exceed the taxpayer’s total taxable income. 

Income Tax Deduction for Fees and Other Education Expenses for a Quality Education (La. R.S. 47:297:12)

Allows an income tax deduction for the following fees or other amounts paid during a tax year by a taxpayer for a quality education of a dependent child enrolled in a public elementary or secondary school:

  • Purchases of school uniforms required by the school for general day-to-day use.
  • Purchases of textbooks, curricula, or other instructional materials required by the school.
  • Purchases of school supplies required by the school.

The deduction is for 50 percent of the amount paid by the taxpayer per dependent, limited to $5,000.  The total amount of the deduction may not exceed the taxpayer’s total taxable income.

In order to claim any of these deductions, you must be able to claim the student as a dependent on your Louisiana Individual Income Tax Return.

Visit www.revenue.louisiana.gov/schooldeduction for more information.

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LDR News Release – Louisiana tax deduction offers savings on school expenses

BATON ROUGE – Louisiana families can deduct part of the cost of their children’s education when they file their 2010 state income taxes.  The Louisiana School Tuition & Expense Tax Deduction allows an exemption for 50 percent of the cost of eligible expenses, up to $5,000 per student.

The deduction applies to elementary and secondary school tuition, in addition to expenses for uniforms, textbooks, equipment, and supplies required by the school.  It applies to some home schooling expenses, as well.

To claim the deduction, the taxpayer must claim the student as a dependent on their Louisiana Individual Income Tax Return.

Visit www.revenue.louisiana.gov/schooldeduction for more information.

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LDR Video – Louisiana School Tuition & Expense Tax Deduction

Louisiana families are reminded to retain receipts as documentation for back-to-school items that might be eligible for the Louisiana School Tuition and Expense Tax Deduction.

The deduction applies to 50 percent of the cost of eligible items, up to $5,000 per student.
Eligible expenses include:

• Elementary and secondary school tuition
• Purchases of school uniforms required by the school for general day-to-day use.
• Purchases of textbooks, curricula, or other instructional materials required by the school.
• Purchases of school supplies required by the school

Homeschooling expenses are eligible as well.

In order to claim the deduction, you must be able to claim the student as a dependent on your Louisiana Individual Income Tax Return.

Deductions for eligible expenses paid during 2010 can be claimed on state tax returns due by May 16, 2011.

More information is available at www.revenue.louisiana.gov/schooldeduction.

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LDR News Release – 2010 Louisiana Annual Sales Tax Holiday is August 6 & 7

BATON ROUGE – The 2010 Louisiana Annual Sales Tax Holiday takes place Friday, August 6, and Saturday, August 7. On these two days, most retail purchases are exempt from the four-percent state sales tax.

The sales tax holiday begins at 12:01 a.m. on Friday, August 6, and continues through 12:00 midnight on Saturday, August 7. By state law, the holiday takes place each year on the first consecutive Friday and Saturday in August.

The sales tax exemption applies to the first $2,500 of the purchase price of most individual items of tangible personal property for non-business use.

The exemption applies only to the four-percent state sales tax. It does not apply to sales taxes collected by parishes, towns, school boards, and other taxing authorities. All retailers are required to participate by offering the tax exemption at the time of sale.

Items NOT eligible for the tax exemption include vehicles subject to license and title, most meals, laundry services, and purchases of taxable services such as hotel occupancy and athletic admissions. 

Retailers may take advantage of a $25 tax credit to offset the cost of reprogramming their cash registers. Information about the credit is available in Revenue Information Bulletin No. 03-009.

For more information about the 2010 Louisiana Annual Sales Tax Holiday, visit www.revenue.louisiana.gov/taxholiday.

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People shopping for back-to-school items are reminded to retain receipts as documentation for the Louisiana School Tuition and Expense Tax Deduction, which is applies to 50 percent of eligible expenses, up to $5,000 per student.  For more information about this tax deduction, visit www.revenue.louisiana.gov/schooldeduction.

Comments

LDR News Release – Louisiana School Tuition and Expense Tax Deduction in effect for 2010-2011 school year

BATON ROUGE – Louisiana families are reminded to retain receipts as documentation for back-to-school items that might be eligible for the Louisiana School Tuition and Expense Tax Deduction.

The deduction applies to 50 percent of the cost of eligible items, up to $5,000 per student.

Eligible expenses include:

  • Elementary and secondary school tuition
  • Purchases of school uniforms required by the school for general day-to-day use.
  • Purchases of textbooks, curricula, or other instructional materials required by the school.
  • Purchases of school supplies required by the school

Homeschooling expenses are eligible as well.

In order to claim the deduction, you must be able to claim the student as a dependent on your Louisiana Individual Income Tax Return.

Deductions for eligible expenses paid during 2010 can be claimed on state tax returns due by May 16, 2011.

More information is available at www.revenue.louisiana.gov/schooldeduction.

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New Orleans-area education tax deduction meeting postponed

Tonight’s New Orleans-area meeting to discuss the Louisiana School Tuition & Expense Tax Deduction is cancelled due to the parade to honor the World Champion New Orleans Saints.  The meeting had been scheduled for 6:00 p.m. at the St. Charles Parish Public Library in Luling.

The meeting will be rescheduled for a date to be determined.

Visit the LDR website for more information about the Louisiana School Tuition & Expense Tax Deduction.

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