Share It

16066-bts-shopping-header

It's that time of year again, back to school shopping! Thanks to a bright idea in the early 2000's for few glorious days in 16 different states the sales tax is dropped to give parents a financial break while boosting the local economy. The tax break usually centers around must-buy items like uniforms and backpacks that can put an extra burden on families who may already be struggling.

16066-tax-free-holiday-datesAccording to the National Retail Federation annual survey, the average family with children in grades K-12 will spend $630.28 preparing for school. Believe it or not, that is down from previous years.

The NRF says up to $400 of that back to school budget is spent on clothes. Eliminating the state sales tax means taking a chunk of that price out of the equation, giving families more flexibility as they gear up for class. 

 

Womensforum has put together a list of the Tax-Free Holidays and links to each state's website where you can find a list of the eligible items and rules.

July 29 - 31, 2016 

Georgia, Mississippi, Tennessee,

AUGUST 5 - 7, 2016

Alabama, Florida, Iowa, Louisiana, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Virginia

AUGUST 6 - 7, 2016

Arkansas

AUGUST 7 - 13, 2016

Maryland

AUGUST 14 - 20, 2016

Connecticut

Several states are considering having tax-free holidays: California, Nebraska and Rhode Island. 

If your state doesn't recognize a tax-free holiday, consider whether making a day trip to a nearby state that does is worth it. 

 

Share It
Trending