Massachusetts Sales Tax Weekend: Is It Still Cool?
Wow, it just hit me. It’s another Massachusetts Sales Tax Weekend. BUT, is it still cool? Sure, saving money is always cool. Is it As Popular? I don’t mean to…
Wow, it just hit me. It's another Massachusetts Sales Tax Weekend. BUT, is it still cool? Sure, saving money is always cool.
Is it As Popular?
I don't mean to get whiney, or add more doom and gloom. But I remember a time when this news hit and it was WOW!! This is awesome! We can save 6.25% on the sales tax? You mean, I can save $156.25 on the new $2500 couch? Amazing!!! But today, I haven't even seen it reported on Boston 25. It use to make me feel like the Find Mass Money commercial, does now.
Well, let's take a look at what we CANNOT save money on!
The List Of Items That Do NOT Qualify
- Meals ($2500 would have been a nice party)
- Motor vehicles (I need tires! Does that qualify?)
- Motorboats (Would it float?)
- Telecommunications services (Sorry Apple)
- Gas (Your Escalade cost $2500 to gas up)
- Steam (How will I power my locomotive?)
- Electricity (I have solar now)
- Tobacco products ($2500?)
- Marijuana or marijuana products ($2500..)
- Alcoholic beverages, and (Again, $2500.....)
- Any single item whose price is more than $2,500
Can I Save On Business Expenses? Daddy Needs A Laptop!
Now, wouldn't THAT be cool! Nope, sorry.
According to Mass.gov: What remains taxable?
The sales tax holiday applies only to eligible retail items bought for personal use by individuals.
- Purchases by corporations or other businesses
- Purchases by individuals for business use.
See, if you get a write off year round for office or business expenses, you can't double-dip, on the sales tax weekend. Yes, computers qualify, but for personal use.
What If I Buy On-Line?
Mass.gov says: If you buy an item or items online, they’ll qualify for the sales tax holiday exemption as long as you make your purchase during the sales tax holiday, during Eastern Daylight Time. Basically, after midnight on Sunday, you’re out of luck.
Feeling lucky? Are you a gambler? Maybe you want to take a ride to your local casino. Here in Massachusetts there are a few like Encore Boston Harbor, Plainridge Park and MGM Springfield where you can press your luck. But maybe you don’t want to take a ride several miles to win some money. The key to winning some serious cash is right down the street at your local convenience store.
Scratch tickets are all the rage here in Massachusetts. Back in 2020, we spent the most money out of any state in the country on lottery tickets. The average lottery player in Massachusetts spent about $1000 annually on tickets. That’s about $300 more than any state. What if you knew going into that store which lottery ticket was going to win? That may take the fun out of gambling but you’d be more apt to buy said ticket correct? Well that answer is right at the click of a button. The Massachusetts state lottery has a website where they literally put the odds of winning on each ticket. Knowing this information should make you better informed before buying your next ticket. That is, if you want to win.
Odds of winning are typically printed on the back of each lottery ticket. But we are going to do the work for you. Now, as you know, new tickets are being introduced each month. The newest and latest to come to Massachusetts is the $50 Billion Dollar Extravaganza game. So, you have to make sure you’re updating your list each month because odds can change month to month, meaning the ticket that could be the best odds of winning one month may not be the best odds of winning the next. This list is up to date and current. These are the 16 Massachusetts scratch tickets with the best overall odds of winning this month.
#16 $4,000,000 Brilliant Titanium
A $10 ticket. Odds of winning 1 in 3.48
#15 Fabulous Fortune
$10 ticket. Odds of winning 1 in 3.48
#14 $4,000,000 Money Bags
$10 ticket. Odds of winning 1 in 3.48
#13 $4,000,000 Diamonds
$10 ticket. Odds of winning 1 in 3.48
#12 100X Cash
$10 ticket. Odds of winning 1 in 3.47
#11 $4,000,000 Mayhem
$10 ticket. Odds of winning 1 in 3.47
#10 100X The Money
$10 ticket. Odds of winning 1 in 3.47
#9 Decade of Dollars
$10 ticket. Odds of winning 1 in 3.47
#8 500X Frenzy
$10 ticket. Odds of winning 1 in 3.46
#7 $2,000,000 5X Cashword
$10 ticket. Odds of winning 1 in 3.26
#6 $15,000,000 Money Maker
$30 ticket. Odds of winning 1 in 3.09
#5 $10,000,000 Bonus Wins
$20 ticket. Odds of winning 1 in 2.94
#4 $10,000,000 Lucky Bucks
$20 ticket. Odds of winning 1 in 2.94
#3 $5,000,000 100x Cashword
$20 ticket. Odds of winning 1 in 2.86
#2 500X
$30 ticket. Odds of winning 1 of 2.77
#1 Millions
$30 ticket. Odds of winning 1 in 2.76
