Yes they do. Taoist Holidays and Feast Days: Most Taoist religious festivals celebrate the birth of deities or the solstices.Taoist followers regard Lao Tzu's birthday on the 15th day of the 2nd lunar month as the most important festival.The first major holiday in the Taoist calendar year is the Chinese New Year, held on the first day of the first lunar month, equivalent to February on the Western calendar. Rituals in the temple and the home celebrate the Three Pure Ones with an offering of sweets, a banquet, and exchange of gifts with family and friends. On the first day of the festival, the Dragon (Lion) Dance is performed to celebrate long life, immortality and union with the spirits. Firecrackers are lit to frighten off dark forces. Other festival days commemorate the birth of the Three Officials: the Heavenly Official (formerly the mortal Shang Yuan), the Earth Official (Zhong Yuan) and the Water Official (Xia Yuan). The second of these three festivals, Zhong Yuan, is a very popular holiday also known as Ghost Day. On this day, occurring in mid-August on the Western calendar, the Earth Official pardons the misdeeds of the dead. Lost souls can be redeemed by the living with offering of alms to the poor and performing of charitable works. At the end of the year, the Kitchen God, represented by a piece of paper hung on the kitchen wall, is symbolically dispatched to Heaven to report to the Jade Emperor. At the beginning of the next New Year, the Kitchen God is welcomed back into the home.