[ad_1]
For children with new equipment, back-to-school shopping may be exciting, but not for parents who have to pay the full cost.
A survey by the National Retail Federation found that parents with children from elementary school to high school Plan to spend Last year, the average price of clothing, electronics and school supplies was $789.49.
As 16 states will introduce tax-free holidays in July and August, some shoppers will get some relief, so that consumers do not have to pay sales tax on certain school-related goods.
Now, you may not be able to save a lot of money by shopping during the tax-free holiday. For example, if you purchase $500 worth of clothes, shoes, and school supplies during a tax-free weekend in Florida in a county with a sales tax of 6%, you will save approximately $30. But which parent doesn’t want to save 30 dollars?
If you combine tax-free holidays with Smart budget strategy with Compare shopping, You will save more on back-to-school supplies.
Tax-free holidays in some states are held on weekends, while in other states it is a week. Each state has different standards on which goods are not taxed, and many states require goods to be purchased below a specific price threshold.
If you live in Alaska, Delaware, Montana, New Hampshire or Oregon, Every day is a holiday-those states have no sales tax.
Duty-free weekend: when, where and what
The 16 states with back-to-school tax-free holidays this year are Alabama, Arkansas, Connecticut, Florida, Iowa, Maryland, Massachusetts, Mississippi, Missouri, New Mexico, Ohio, and Okla. Homer, South Carolina, Tennessee, Texas, and Virginia.
Alabama
When: July 16-18
what is duty free:
- Clothes and shoes-$100 or less.
- Computers and related equipment-$750 or less.
- School supplies-$50 or less.
- Books-$30 or less.
Arkansas
When: August 7-8
what is duty free:
- Clothes and shoes-less than $100 each.
- Clothing accessories-less than $50 each.
- School supplies-there is no price threshold, but must be on the list of items approved by the state.
- Computers and electronic equipment-there is no price threshold, but must be on the list of items approved by the state.
Connecticut
When: August 15-21
what is duty free:
- Clothes and shoes-less than $100 each.
Florida
When: July 31 to August 9
what is duty free:
- Computers and related equipment-1,000 US dollars or less each.
- Clothing, accessories, and shoes—US$60 or less each.
- School supplies-$15 or less each.
Iowa
When: August 6-7
what is duty free:
- Clothes and shoes-less than $100 each.
Maryland
When: August 8-14
what is duty free:
- Clothes and shoes-$100 or less each.
- School bags/backpacks-the first 40 dollars are tax-free.
Massachusetts
When: August 14-15
what is duty free:
- Most consumer products—US$2,500 or less per item.
- Clothing-Massachusetts does not impose any sales tax on clothing Less than 175 USD Perennial.
Mississippi
When: July 30-31
what is duty free:
- Clothing, shoes and school supplies-less than $100 each.
Missouri
When: August 6-8
what is duty free:
- Clothes and shoes-$100 or less each.
- School supplies-each purchase is $50 or less (exception: graphing calculator must be $150 or less).
- Computers and related equipment—US$1,500 or less each.
- Computer software-$350 or less.
New Mexico
When: August 6-8
what is duty free:
- Clothing, accessories and shoes-less than $100 each.
- School supplies-less than $30 each (exceptions: backpacks, maps and globes must be less than $100, calculators must be less than $200).
- Computer-1,000 USD or less per item.
- Computer hardware—US$500 or less per item.
Ohio
When: August 6-8
what is duty free:
- Clothing-$75 or less per item.
- School supplies—US$20 or less each.
- School textbooks—US$20 or less per item.
Oklahoma
When: August 6-8
what is duty free:
- Clothes and shoes-less than $100 each.
South Carolina
When: August 6-8
what is duty free:
- Clothing, accessories and shoes-there is no price threshold.
- School supplies-there is no price threshold.
- Computers and related equipment-there is no price threshold.
- Bedding, pillows, bath towels, dishcloths and shower curtains-there is no price threshold.
- Books and musical instruments-there is no price threshold (if they are used for school work).
Tennessee
When: July 30 to August 1
what is duty free:
- Clothes and shoes-$100 or less each.
- School supplies-$100 or less per item.
- Computer—US$1,500 or less per item.
Texas
When: August 6-8
what is duty free:
- Clothes and shoes-less than $100 each.
- School supplies-less than $100 each.
Virginia
When: August 6-8
what is duty free:
- Clothes and shoes-$100 or less each.
- School supplies—US$20 or less each.
Nicole Dow is the senior writer of The Penny Hoarder.
[ad_2]
Source link
