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الجمعة، 7 يوليو 2017

These 15 States Hold Tax-Free Holidays for Back-to-School Shopping

Doesn’t it feel like summer just started?

So why are we discussing back-to-school anything?

Well, it’s because several states have special tax-free holidays scheduled over the next two months so parents can buy all the school supplies, clothes, shoes and electronics their kids need for the upcoming academic year and not pay the normal sales tax.

Last year, the National Retail Federation reported families with children in grades K-12 planned on spending an average of $673.57 for back-to-school shopping needs.

Skipping out on paying tax on those items help families keep a little more money in their bank accounts.

Tax-Free Weekends 2017

The first round of tax-free holidays starts in two weeks, so now’s the time to plan ahead and shop smart.

July 21-23

Alabama

What’s Included:

  • School supplies — $50 or less per item
  • Clothing and shoes — $100 or less per item
  • Computers — $750 or less per item
  • Books — $30 or less per item

See here for a list of eligible and non-eligible items.

July 28-29

Mississippi

What’s Included:

  • Clothing and shoes — less than $100 per item

See here for a list of eligible and non-eligible items.

July 28-30

Tennessee

What’s Included:

  • Clothing and shoes — $100 or less per item
  • School supplies — $100 or less per item
  • Computers — $1,500 or less per item

See here for a list of eligible items and here for a list of non-eligible items.

Aug. 4-5

Iowa

What’s Included:

  • Clothing and shoes — less than $100 per item

See here for a list of eligible and non-eligible items.

Louisiana

This state’s sales tax holiday lowers the sales tax to 3% on the first $2,500 of any consumer purchase of an eligible item. See here for more details.

Aug. 4-6

Florida

What’s Included:

  • Clothing and shoes — $60 or less per item
  • School supplies — $15 or less per item
  • Computers — $750 or less per item

See here for a list of eligible and non-eligible items.

Missouri

What’s Included:

  • Clothing and shoes — $100 or less per item
  • School supplies — $50 or less per purchase (for graphing calculators, $150 or less)
  • Computers — $1,500 or less per item (for computer software, $350 or less)

See here for a list of eligible and non-eligible items.

New Mexico

What’s Included:

  • Clothing and shoes — less than $100 per item
  • School supplies — less than $30 per item
  • Computers — $1,000 or less per item ($500 or less for related computer hardware)

See here for a list of eligible and non-eligible items.

Ohio

What’s Included:

  • Clothing and shoes — $75 or less per item
  • School supplies — $20 or less per item
  • School instructional material — $20 or less per item

See here for more information.

Oklahoma

What’s Included:

  • Clothing and shoes — less than $100 per item

See here for a list of eligible and ineligible items.

South Carolina

What’s Included:

  • Clothing and shoes
  • School supplies
  • Computers

See here and here for lists of eligible and non-eligible items.

Virginia

What’s Included:

  • Clothing and shoes — $100 or less per item
  • School supplies — $20 or less per item

See here for a list of eligible and non-eligible items.

Aug. 5-6

Arkansas

What’s Included:

  • Clothing and shoes — less than $100 per item (for accessories, less than $50 per item)
  • School supplies

See here for a list of eligible and non-eligible items.

Aug. 11-13

Texas

What’s Included:

  • Clothing and shoes — less than $100 per item
  • School supplies — less than $100 per item

See here and here for lists of eligible and non-eligible items.

Aug. 13-19

Maryland

What’s Included:

  • Clothing and shoes — $100 or less per item

See here for a list of eligible and non-eligible items.

Aug. 20-26

Connecticut

What’s Included:

  • Clothing and shoes — less than $100 per item

See here for a list of eligible and non-eligible items.

Writer’s note: If you live in (or close to) Delaware, Montana, Oregon or New Hampshire, you don’t need to worry about special tax-free holidays because these states don’t charge sales tax year-round.

Alaska also has no statewide sales tax, but local municipalities levy their own sales tax, The Motley Fool reports.

Nicole Dow is a staff writer at The Penny Hoarder. She grew up in New Jersey where there is no sales tax on clothes, but her family sometimes drove over to Delaware to take advantage of tax-free school supplies and electronics. She loved back-to-school shopping.

This was originally published on The Penny Hoarder, one of the largest personal finance websites. We help millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. In 2016, Inc. 500 ranked The Penny Hoarder as the No. 1 fastest-growing private media company in the U.S.



source The Penny Hoarder http://ift.tt/2tqSYdB

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