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| | Tax Free Weekend
Need school supplies, back-to-school clothing, a new computer or software? You might want to purchase these types of items this weekend and save money on taxes. This Friday-Sunday is the sales tax holiday (in Missouri) beginning at 12:01 a.m. on Friday, August 4th and ending at midnight on Sunday, August 6th. Certain back-to-school purchases, such as clothing, school supplies, computers, and other items are exempt from sales tax. You can find more details here. Some cities have opted out.
The sales tax exemption is limited to:
- Clothing – any article having a taxable value of $100 or less
- School supplies – not to exceed $50 per purchase
- Computer software – taxable value of $350 or less
- Personal computers – not to exceed $1,500
- Computer peripheral devices – not to exceed $1,500
- Graphing Calculators - not to exceed $150
| | The Farmer's House
Family Fun Events in August
Peaches and David Cunningham along with Suzanne and Alan Zimmerman had dreamt of starting a nonprofit for youth and adults with developmental disabilities. And in 2006, that dream was realized in the creation of The Farmer’s House, Inc. The Farmer’s House is a working farm where children, youth and young adults with developmental disabilities can live, work, play and grow. Read on for some great events in August. [FULL STORY]
| | How Is Your Credit Score Determined?
The importance of understanding what influences your credit score
Your credit score is calculated by a combination of five different factors, each contributing a different ratio of influence. According to Stacy Smith, Senior Publish Education Specialist for Experian, it involves your payment history, utilization, length of credit history, recent activity and overall capacity. [FULL STORY]
| | Investing vs. Paying Off Debt
Deciding factors include your financial resources and goals
Some people will decide to pay off all their debts before ever investing money, while others will say it’s better to carry livable debt and be able to grow your savings over time. There are pros and cons to either option, depending on your financial situation. [FULL STORY]
Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only. This is an advertisement.