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Tax Holidays Coming Up For Back-To-School Shopping In Selected States

Tax Holidays Coming Up For Back-To-School Shopping In Selected States
School Supplies Steven Depolo / Flickr CC BY 2.0

Business

Tax Holidays Coming Up For Back-To-School Shopping In Selected States

Back-to-school shopping is just about to go into full swing and several states have decided to help both parents and students by providing tax holidays. The National Retail Federation has stated that it is expecting back-to-school and college spending to reach as much as $68 billion this year.

Meanwhile, their annual survey conducted by Proper Insights & Analytics also found that parents plan to spend an average of $97.74 when it comes to school supplies, including notebooks, pencils and backpacks. As for the total back to school shopping, families are expected to spend an average of $630 for their children who are in grades K to 12. On the other hand, shopping for college is expected to be an average of $899 per college student or family. At the same time, around 30% of those shopping for back to school items plan to do their shopping just around one to two weeks before school starts.

According to Passion For Savings, the earliest tax free weekend will start on July 31, which will be in Georgia and Mississippi. Meanwhile, North Carolina will, once again, not hold a tax free weekend this year. The last time the state had held one was back in 2013.

For Alabama, the tax-free weekend will happen on August 7 to 9. Tax exemptions will apply for clothing worth $100, computers worth $750 or less, school supplies worth $50 or less and books worth $30 or less.

In Arkansas, the sales tax holiday will take place from August 1 to 2 with exemptions applicable for clothing worth $100 or less. Meanwhile, tax exemptions are also given for various school supplies.

For Connecticut, the state’s sales tax holiday from August 16 to 22 will include exemptions for clothing and footwear up to $300 .

In Florida, there will be a long sales tax holiday from August 7 to 16. There will be no sales tax or local option tax collected for clothing, footwear and “certain accessories” that sell for $100 or less. Meanwhile, there will also be a tax exemption for certain school supplies worth $15 or less as well as the first $750 of the sales price for personal computers as well as computer-related accessories.

Georgia’s sales tax holiday will be from July 31 to August 1 with exemptions for school supplies worth $20 or less, clothing worth $100 or less and computers worth $1,000 or less.

In Iowa, there will be a sales tax holiday for clothing worth $100 or less from August 7 to 8.

For Louisiana, the sales tax holiday from August 7 to 8 will reportedly cover “all tangible personal property” worth $2,500 or less.

Meanwhile, Maryland’s sales tax holiday will be from August 9 to 15 and will include clothing and footwear worth $100 or less.

In Mississippi, the sales tax holiday will be from July 31 to August 1 and will cover clothing and footwear worth $100 or less.

For Missouri, the sales tax holiday will be from August 7 to August 9. It will cover clothing, school supplies, computers and other items.

In New Mexico, there will be a sales tax holiday from August 7 to 9, which will include clothing worth $100 or less, computers worth $1,000 or less, computer equipment worth $500 or less and school supplies worth $30 or less.

Meanwhile, Oklahoma will hold a sales tax holiday from August 7 to 9 for clothing worth $100 or less.

In South Carolina, the sales tax holiday will also be from August 7 to 9 with exemptions offered for clothing, school supplies and computers.

For Tennessee, there will be a sales tax holiday from August 7 to 9 as well with exemptions for clothing up to $100, school supplies up to $100 and computers up to $1,500.

In Texas, there is a sales tax holiday for clothing, backpacks and school supplies up to $100 on August 7 to August 9.

And lastly, Virginia will have a sales tax holiday from August 7 to 9 with clothing up to $100 and school supplies up to $20.

About Jennifer Ong

Jennifer Ong has been covering and writing stories since 1998. Over the years, she has worked on stories on business, health, lifestyle, entertainment and travel. She has also previously written shows for television. When she's not on the job, she enjoys wine and Formula 1.

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