Taxable Items in New Jersey: What You Need to Know

What are taxable items in New Jersey?
Traditional Goods or Services. Goods that are subject to sales tax in New Jersey include physical property, like furniture, home appliances, and motor vehicles. The purchase of both prescription and non-prescription medicine, groceries, gasoline and clothing are tax-exempt.
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Living in the United States inevitably involves paying taxes, and New Jersey is no exception. If you live in the state, you’re probably accustomed to paying sales tax on the majority of your purchases. You might be wondering whether goods and services are subject to taxation in New Jersey because not all things are taxed equally. We’ll address some of the most frequently asked queries about taxable items in the state in this article.

Also, what clothing is subject to New Jersey taxes?

Clothing and footwear are often free from sales tax in New Jersey. As a result, you won’t be required to pay sales tax when purchasing clothing goods like shirts, pants, skirts, shoes, or socks. There are a few exceptions to this rule, though. For instance, you might be required to pay sales tax if you purchase a fur coat or a suit for a wedding.

Does New Jersey tax food?

The majority of food goods are not subject to sales tax in New Jersey. This includes food items including bread, fruits, vegetables, meats, and dairy products. There are a few exceptions to this rule, though. For instance, you could have to pay sales tax if you purchase prepared foods like sandwiches, pizza, or hot dogs. Similar to this, you must pay sales tax when purchasing soft drinks, candies, or other snack foods.

In NJ, are bandages taxable?

The majority of medical goods are exempt from sales tax in New Jersey. This covers things like bandages, canes, hearing aids, and artificial limbs. There are a few exceptions to this rule, though. For instance, you must pay sales tax when purchasing cosmetics like contact lenses or teeth whitening goods.

So, are digital goods taxable in New Jersey?

Digital products including music, movies, and e-books are frequently subject to sales tax in New Jersey. This implies that you will be required to pay sales tax for any things you purchase or download. There are a few exceptions to this rule, though. For instance, you might not be required to pay sales tax if you’re purchasing a subscription to a newspaper or magazine.

In conclusion, being aware of the New Jersey taxes that apply to certain things will help you budget your money more wisely and make wiser purchases. Despite the fact that the majority of things are subject to sales tax, there are some exclusions that may be advantageous. You can always ask the shop or the New Jersey Division of Taxation for more information if you’re not sure whether an item is taxable.

FAQ
Consequently, what things are not taxed?

Prescription medications, the majority of groceries, and some apparel products are exempt from tax in New Jersey. Additionally, several services are exempt from sales tax, including legal, medical, and educational services.