No more tax break for back to school shopping in New Jersey this year. State legislators have eliminated the annual sales tax holiday (normally ten days leading to the first Monday of September). This means that parents and students will no longer be exempt from the 6.625% sales tax on school supplies, computers, and sports equipment.
As a seller, don't let this change catch you off guard! Stay informed about tax changes that affect your compliance. Our tax experts can help you navigate these shifts and avoid penalties. Reach out today for smart financial planning strategies.