We synthesized new thiodicarboxylic acids, p-tolylmethylthiomethylsuccinic acid and 1-naphthylmethylthiomethylsuccinic acid, and thiodiols, 2-(p-tolylmethylthiomethyl)-1,4-butanediol and 2-(1-naphthylmethylthiomethyl)-1,4-butanediol, by the addition of dimethyl itaconate with p-tolylmethanethiol or 1-naphthylmethanethiol, followed by hydrolysis or reduction, respectively, of the resultant dimethyl esters. These difunctional monomers were used for the synthesis of new linear polyesters and polyurethanes containing sulfur in the side chain. The polyesters were synthesized by melt polycondensation of the obtained acids with 2,2’-oxydiethanol. We found reduced viscosity, molecular weight (by GPC), and softening temperature for the reaction products. Low molecular weights, low softening temperature, and very good solubility in organic solvents are their characteristics. The polyurethanes were prepared by polyaddition diols with hexamethylene diisocyanate and tolylene diisocyanate in benzene. They were characterized by reduced viscosity and some tensile properties. The polyurethane derived from 2-(p-tolylmethylthiomethyl)-1,4-butanediol and hexamethylene diisocyanate (eta(red.) 1.17 dL/g) behaves like a high elasticity thermoplastic elastomer. Thermal stability of all polymers was determined by thermogravimetric analysis. The structure of the monomers and polymers were confirmed by elemental analysis and FTIR and H-1-NMR spectroscopy.